Western Union 2008 Annual Report Download - page 7

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5
During 2009, we will increase our investment in technology and systems. We have a roadmap
designed to evolve our systems so we can move traditional and new services from virtually anywhere
in the world, in not only a compliant manner, but with exceptional speed.
o u t lo o k : p oi s e d f o r g rowth
We are entering a year where the strong will get stronger. Western Union has a proven business
model with significant financial strength. We expect to generate cash flow from operations in
excess of $1.1 billion in 2009, we enjoy an “A-” credit rating, and we had $1.3 billion of cash on our
balance sheet at year end. We are a leader in a large and growing market, we have an unmatched
and growing distribution network, we enjoy a brand recognized the world over, and we have the
financial resources and liquidity to invest during these challenging times.
We view this year as a time to make smart choices by deploying our capital for continued
share gains in the money transfer market and other global opportunities.
Christina Gold
President, Chief Executive
Officer and Director
The Western Union Company
(1) Competing in Money
Transfers: A Market Overview,
Aite, March 2007.
(2) World Migration 2008:
Managing Labour Mobility
in the Evolving Global
Economy, International
Organization for migration
and company esti mates
based on availa ble data.