This web site contains or will contain certain statements that are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that do not relate solely to historical or current facts, and generally can be identified by the use of words such as "may," "believe," "will," "expect," "project," "estimate," "anticipate," "plan," "could," "would," "likely," "intend" or "continue." The statements are only as of the date they are made, and we undertake no obligation to update any forward-looking statement. All forward-looking statements are inherently uncertain as they are based on various expectations and assumptions concerning future events and they are subject to numerous known and unknown risks and uncertainties which could cause actual events or results to differ materially from those projected. These factors include, but are not limited to:

• changes in general economic conditions and economic conditions in the geographic regions and industries in which we operate;
• the impact of our spin-off from First Data Corporation
• changes in immigration laws, patterns and other factors related to immigrants;
• technological changes, particularly with respect to e-commerce;
• our ability to attract and retain qualified key employees;
• changes in foreign exchange rates, including the impact of foreign exchange spreads on money transfer transactions;
• adverse movements and volatility in debt and equity capital markets;
• changes in political conditions and related actions by the United States and abroad which may adversely affect our businesses and economic conditions as a whole;
• continued growth in the money transfer market and other markets in which we operate at rates approximating recent levels;
• implementation of agent contracts according to schedule;
• our ability to maintain our agent network;
• interruptions of United States government relations with countries in which we have or are implementing material agent contracts;
• deterioration in consumers' confidence in our business, or in money transfer providers generally;
• managing credit and fraud risks from our agents and consumers;
• liabilities and unanticipated developments resulting from litigation and regulatory investigations and similar matters, including costs, expenses, settlements and judgments;
• changes in domestic or foreign laws, rules and regulations as well as Internal Revenue Service or other governmental agencies' interpretations thereof;
• changes in accounting standards, rules and interpretations;
• competing effectively in the money transfer industry with respect to global and niche or corridor money transfer providers, banks and other nonbank money transfer services providers, including telecommunications providers, card associations and card-based payments providers;
• our ability to grow our core businesses;
• our ability to develop and introduce new products, services and enhancements, and gain market acceptance of such products;
• our ability to protect our brands and our other intellectual property rights and to defend ourselves against potential patent infringement and other intellectual property claims;
• any material breach of security of or interruptions in any of our systems;
• mergers, acquisitions and integration of acquired businesses and technologies into our company and the realization of anticipated synergies from these acquisitions;
• decisions to downsize, sell or close units or otherwise change the business mix;
• catastrophic events; and
• management's ability to manage these and other risks.