MoneyGram 2009 Annual Report Download - page 64

Table of Contents
• Development of New and Enhanced Products and Related Investment. We may be unable to successfully and timely implement
new or enhanced technology and infrastructure, delivery methods and product and service offerings and to invest in new products or
services and infrastructure.
• Intellectual Property. If we are unable to adequately protect our brand and other intellectual property rights and avoid infringing on
third-party intellectual property rights, our business could be harmed.
• Competition. We may be unable to compete against our large competitors, niche competitors or new competitors that may enter the
markets in which we operate.
• United States and International Regulation. Failure by us or our agents to comply with the laws and regulatory requirements in the
United States and abroad, or changes in laws, regulations or other industry practices and standards could have an adverse effect on
our results of operations.
• Operation in Politically Volatile Areas. Offering money transfer services through agents in regions that are politically volatile or, in
a limited number of cases, are subject to certain OFAC restrictions could cause contravention of United States law or regulations by
us or our agents, subject us to fines and penalties and cause us reputational harm.
• Network and Data Security. A significant security or privacy breach in our facilities, networks or databases could harm our
business.
• Systems Interruption. A breakdown, catastrophic event, security breach, improper operation or other event impacting our systems
or processes or the systems or processes of our vendors, agents and financial institution customers could result in financial loss, loss
of customers, regulatory sanctions and damage to our brand and reputation.
• Technology Scalability. We may be unable to scale our technology to match our business and transactional growth.
• Company Retail Locations and Acquisitions. If we are unable to manage risks associated with running Company-owned retail
locations and acquiring businesses, our business could be harmed.
• International Risks. Our business and results of operation may be adversely affected by political, economic or other instability in
countries that are important to our business.
• Tax Matters. An unfavorable outcome with respect to the audit of our tax returns or tax positions, or a failure by us to establish
adequate reserves for tax events, could adversely affect our results of operations.
• Status as a Bank Holding Company Subsidiary. If we are deemed to be a subsidiary of a bank holding company, our ability to
engage in other businesses may be limited to those permissible for a bank holding company.
• Internal Controls. Our inability to maintain compliance with the internal control provisions of Section 404 of the Sarbanes-Oxley
Act of 2002 could have a material adverse effect on our business.
• Overhang of Convertible Preferred Stock to Float. Sales of a substantial number of shares of our common stock or the perception
that significant sales could occur, may depress the trading price of our common stock.
• Change of Control Restrictions. Through March 17, 2010, an Agreement between the Investors and Wal-Mart could prevent an
acquisition of the Company.
• Anti-Takeover Provisions. Our capital structure, our charter documents or specific provisions of Delaware law may have the effect
of delaying, deterring or preventing a merger or change of control of our Company.
• NYSE Delisting. We may be unable to continue to satisfy the NYSE criteria for listing on the exchange.
• Other Factors. Additional risk factors may be described in our other filings with the SEC from time to time.
Actual results may differ materially from historical and anticipated results. These forward-looking statements speak only as of the date on
which such statements are made, and we undertake no obligation to update such statements to reflect events or circumstances arising after
such date.
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