text: management fees payable to Service Bank. The risks and re w a rds of ownership of the ATM network transferred to the Company as of 
  J a n u a ry 1, 1999, and revenues and expenses from the operation of the ATM network accrued to Euronet from that date. 
  
  The acquisition was accounted for as a purchase; accord i n g l y, the results of operations have been included in the accompanying consolidated 
  financial statements since January 1, 1999. The purchase price was allocated to assets acquired in the amount of $3.5 million based on their 
  fair values. The excess of the purchase price over the fair value of the net assets acquired of $3.2 million was re c o rded as goodwill and is 
  a m o rtized over seven years. 
  
  On August 13, 1999, Euronet USA purchased the remaining 66 2/3% interest in Dash for a consideration of $800,000 payable in 24 equal 
  monthly installments commencing on July 1, 1999. Euronet USA has delivered letters of credit to each of the sellers in the amount of the 
  e n t i re unpaid balance of the purchase price of Dash. As payments are made, the outstanding credit risk exposures related to the letters of 
  c redit are reduced pro p o rt i o n a t e l y. Euronet USA now owns a 100% interest in Dash. 