Due to regulatory requirements and consumer demand in Germany and France, MoneyGram opened company stores in both countries. MoneyGram - an international system of money transfers, which is one of the leaders of the world market and unites 233.000 agent locations in 190 countries. Since going public two and a half years ago, MoneyGram has made great strides by pouring energy and resources into several critically important areas for business. The main clients of MoneyGram are students, travelers, immigrants, expatriates, however, recently representatives of businesses who appreciate the advantages of fast and reliable money transfer, joined them. As part of the 2008 Recapitalization, our wholly owned subsidiary, MoneyGram Payment Systems Worldwide, Inc., issued Goldman Sachs $500.0 million of senior secured second lien notes with a 10-year maturity. MoneyGram launched a new in-person bill payment service which will be delivered through agents in their domestic network, giving consumers an easy, low-cost method to pay their bills. MoneyGram offers an efficient, fast and secure way to send money around the world. MoneyGram hired compliance officers in many of their global offices to ensure compliance with regulations of specific countries or regions. Millions of families depend on MoneyGram to safely send money home or pay the bills. MoneyGram completed the rollout of simplified pricing for money transfer services in the U.S., an initiative that began last year.