S F AS 140  The FASB issued Statement of Financial Accounting Standard No. 140, Accounting for Transfers and Servicing of Financial Assets
and Extinguishments of Liabilities (SFAS No. 140). SFAS No. 140 replaces SFAS No. 125 as it revises the standards for accounting for
securitizations and other transfers of financial assets and collateral and re q u i res certain disclosures. SFAS No. 140 is effective for transfers and
s e rvicing of financial assets and extinguishments of liabilities occurring after March 31, 2001 and in certain limited instances can be applied early.
S FAS No. 140 r e q u i res recognition and reclassification of collateral and for disclosures relating to securitzation and collateral for fiscal years
ending after December 15, 2000.The Company does not expect SFAS No. 140 to have a material effect on its financial statements.
Forward-Looking Statements  This document contains statements that constitute forw a rd-looking statements within the meaning of section 27A
of the Securities Act and section 21E of the U.S. Securities Exchange Act of 1934, as amended. All statements other than statements of historical
facts included in this document, including, without limitation, statements re g a rding (i) the Company’s business plans and financing plans and
re q u i rements, (ii) trends affecting the Company’s business plans and financing plans and r e q u i rements, (ii) trends affecting the Company’s
business, (v) the adequacy of capital to meet the Company’s capital r e q u i rements and expansion plans, (vi) the assumptions underlying the
C o m p a n y ’s business plans, (vii) business strategy, (viii) government re g u l a t o ry action, (ix) technological advances and (x) projected costs and
revenues, are forw a rd-looking statements. Although the Company believes that the expectations reflected in such forw a rd- looking statements are
reasonable, it can give no assurance that such expectations will prove to be correct. Forw a rd-looking statements are typically identified by the
w o rds believe, expect, anticipated, intend, estimate and similar expressions. 
Investors are cautioned that any such forw a rd looking statements are not guarantees of future perf o rmance and involve risks and uncert a i n t i e s .
Actual results may materially differ from those in the for w a rd-looking statements as a result of various factors, including: technological and
business developments in the local card and electronic banking markets affecting the transaction and other fees which the Company is able to
c h a rge for its services; foreign exchange fluctuations; competition from bank owned ATM networks, outsource providers of ATM services and
s o f t w a re providers; the Company’s relationships with its major customers, sponsor banks in various markets and International Card Org a n i z a t i o n ;
and changes in laws and regulations affecting the Company’s business. These risks, and other risks are described elsewhere in this document and
the Company’s periodic filings with the Securities and Exchange Commission. 
QU A N T I TAT I V EA N DQU A L I TAT I V EDI S C L O S U R E SAB O U TMA R K E TRI S K
Foreign Exchange Exposure
In 2000, 30% of the Company’s revenues were generated in Poland and Hungary, as compared to 27% in 1999 and 73% in 1998. The 2000
f i g u re has increased due to the increase in revenues for the Polish operations. In Hungary the majority of revenues received are denominated in
Hungarian Forint and in Poland, the majority of revenues are denominated in Polish Zloty. However the majority of these foreign curr e n c y
denominated contracts are linked either to inflation or the retail price index. While it remains the case that a significant portion of the Company’s
e x p e n d i t u res are made in or are denominated in U.S. Dollars the Company is also striving to achieve more of its expenses in local currencies to
match its revenues.