News Release
Euronet Worldwide
Corporate For Immediate Release Date: Dec. 9, 2004
Headquarters
4601 College Boulevard Media Contact: Misti Garffie 1-913-327-4257
Suite 300 mgarffie@euronetworldwide.com
Leawood, Kansas, 66211 USA Investor Relations: IR Dept 1-913-327-4200
1-913-327- 4200 investor@euronetworldwide.com
Euronet Worldwide Confirms Quarterly Earnings Guidance
LEAWOOD, KANSAS-Dec. 9, 2004-Euronet Worldwide, Inc. (Nasdaq: EEFT), a leading
electronic payments provider, announced today that its earnings guidance for the
fourth quarter of 2004 would not be affected by the proposed issuance of $100
million of convertible bonds announced earlier today. Consistent with its
October 26, 2004 press release, Euronet confirmed that it expects earnings per
share to be approximately $0.18 for the fourth quarter of 2004, which is $0.02
more than the third quarter of 2004. This increase does not take into
consideration the effects of foreign exchange gains or losses, discontinued
operations, losses on the early retirement of debt, and other non-operating or
unusual items, as Euronet cannot reasonably project the amount of these items. A
copy of that press release was attached as Exhibit 99.1 to Euronet's Current
Report on Form 8-K furnished, not filed, by Euronet to the Securities and
Exchange Commission on October 27, 2004.
About Euronet
Euronet is an industry leader in processing secure electronic financial
transactions. The company offers outsourcing and consulting services, integrated
EFT software, network gateways, and electronic prepaid top-up services to
financial institutions, mobile operators and retailers. Euronet operates and
services the largest pan-European group of ATMs and operates the largest India
shares ATM network. Euronet is also the largest provider of prepaid processing,
or top-up services, for prepaid mobile airtime. The company has processing
centers located in the U.S., Europe and Asia, and processes electronic top-up
transactions at more than 168,000 point-of-sale terminals across more than
79,000 retailers in Europe, Asia Pacific and the U.S. With corporate
headquarters in Leawood, Kansas, USA, and 18 worldwide offices, Euronet serves
clients in more than 65 countries. Visit the company's web site at
www.euronetworldwide.com.
Forward-Looking Statements
Any statements contained in this news release, which concern the company's or
management's intentions, expectations or predictions of future performance are
forward-looking statements. Euronet's actual results may vary materially from
those anticipated in such forward-looking statements as a result of a number of
factors, including: technological developments affecting the market for the
company's products and services, foreign exchange fluctuations, and changes in
laws and regulations affecting the company's business. These risks and other
risks are described in the company's periodic filings with the Securities and
Exchange Commission, including but not limited to Euronet's Form 10-Qs for the
periods ended March 31, 2004, June 30, 2004 and September 30, 2004, and its Form
10-K for the period ended December 31, 2003. Copies of these filings may be
obtained by contacting Euronet or the Commission.
###