I have been informed that MoneyGram International Incorporated is a leading global payment services company. The company is listed on the New York Stock Exchange. Its major products and services include global money transfers, money orders and payment processing solutions for financial institutions and retail customers. There are about 100,000 global money transfer locations in 170 countries and territories.
With the recent release of weak economic indicators mainly related to exports and production, market participants seem to have become a little bearish about the economic outlook. We believe, however, that the current slowdown in the pace of recovery is temporary, and that the economy is likely to move gradually onto a sustainable growth path.