MoneyGram 2004 Annual Report Download - page 11

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Table of Contents
Item 2. PROPERTIES
Location Use Square Feet Lease Expiration
Minneapolis, MN Corporate Headquarters 156,500 12/31/2015
Brooklyn Center, MN Global Operations Center 75,000 1/31/2012
Brooklyn Center, MN Global Operations Center 44,000 1/31/2012
Lakewood, CO Call Center 68,165 3/31/2012
Information concerning our material properties, all of which are leased, including location, use, approximate area in square feet and lease terms, is set forth
above. We also have a number of other smaller office locations in New York City, Florida and in the United Kingdom, as well as small sales and marketing
offices in Germany, Hong Kong, Greece, Dubai, Russia, Italy, South Africa, Australia, China and the Netherlands. We believe that our properties are
sufficient to meet our current and projected needs.
Item 3. LEGAL PROCEEDINGS
We are party to a variety of legal proceedings that arise in the normal course of our business. In these actions, plaintiffs may request punitive or other damages
that may not be covered by insurance. We accrue for these items as losses become probable and can be reasonably estimated. While the results of these legal
proceedings cannot be predicted with certainty, management believes that the final outcome of these proceedings will not have a material adverse effect on
our consolidated results of operations or financial position.
Item 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
Not applicable. 8