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Subject: Euronet Wolrdwide - EEFT - September25, 2006



 

  SmallCapReview  
  September 25, 2006  
 

Euronet Worldwide (Nasdaq - EEFT)

Secure Financial Transactions, any time, any place.

Website: www.euronetworldwide.com

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EEFT Investor Highlights

  • Has approximately 259,000 point-of-sale terminals across 150,000 retailers in Europe, Asia Pacific, Africa and the U.S. 
  • Ranked number 36 overall on FORTUNE's annual list of the 100 Fastest-Growing Companies for 2006. The Company also placed fifth in the revenue growth category with a three-year annualized growth rate of 89 percent.
  • Announced Viscom International, producer and marketer of the BEST(TM) Mexico brand of prepaid telephone cards, announced it has signed a partnership agreement with Charlotte-based Euronet Payments and Remittance Inc. (EPR) to promote EPR's money transfer and bill pay product, Veloz.
  • Announced 2nd quarter revenues of  $153.8 million, compared to $132.2 million for the second quarter 2005.
  • Operating income of $12.2 million, compared to $11.3 million for the second quarter 2005.
  • Net income of $11.1 million, or $0.28 diluted earnings per share, compared to net income for the second quarter 2005 of $2.7 million, or $0.07 per share.
  • Announced it has expanded its multiyear ATM outsourcing agreement with Centurion Bank of Punjab, a leading private sector bank based in Mumbai, from 164 ATMs to 408 ATMs in total.

Overview

Euronet Worldwide is a global leader in processing secure electronic financial transactions. The Company offers outsourcing and consulting services, integrated EFT software, network gateways, electronic prepaid top-up services to financial institutions, mobile operators and retailers, as well as electronic consumer money transfer and bill payment services. 

Euronet operates and services the largest pan-European group of ATMs and operates the largest Indian shared ATM network. Euronet is also one of the largest providers of prepaid processing, or top-up services, for prepaid mobile airtime. The Company is a licensed electronic money transmitter and bill payment company via Euronet Payments and Remittance, Inc. 

The Company has processing centers located in the U.S., Europe and Asia, and processes electronic top-up transactions at more than 259,000 point-of-sale terminals across approximately 150,000 retailers in Europe, Asia Pacific, Africa and the U.S. With corporate headquarters in Leawood, Kansas, USA, and 25 worldwide offices, Euronet serves clients in more than 80 countries.

This is an abbreviated profile and we encourage readers interested in learning more about Euronet Worldwide to visit the company website at www.euronetworldwide.com.


Recent News and Press Releases

Euronet Ranks Number 36 on FORTUNE's Annual List of 100 Fastest-Growing Companies

Viscom International Forms Marketing Alliance with Euronet Payments and Remittance Inc.

Euronet Worldwide Reports Second Quarter 2006 Financial Results

Euronet Expands ATM Outsourcing Agreement with Centurion Bank of Punjab

For the latest Quote and News on EEFT Click Here.


Outlook

Euronet Worldwide, Inc., a small-cap value company in the technology sector, is expected to significantly outperform the market over the next six months with less than average risk. Source MSN


SmallCapReview.com feature stock reports are intended to be stock ideas, NOT recommendations. Please do your own research before investing. It is crucial that you at least look at current SEC filings and read the latest press releases. For continuing coverage of EEFT, please sign up for our free newsletter. Information contained in this report was extracted from current documents filed with the SEC, the company web site and other publicly available sources deemed reliable. For more information see our disclaimer section, a link of which can be found on our web site. This document contains forward-looking statements, particularly as related to the business plans of the Company, within the meaning of Section 27A of the Securities Act of 1933 and Sections 21E of the Securities Exchange Act of 1934, and are subject to the safe harbor created by these sections. Actual results may differ materially from the Company's expectations and estimates. The information provided in this report is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject us to any registration requirement within such jurisdiction or country.

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We encourage our readers to invest carefully and read the investor information available at the web sites of the Securities and Exchange Commission (SEC) at: http://www.sec.gov and/or the National Association of Securities Dealers (NASD) at: http://www.nasd.com . Readers can review all public filings by companies at the SEC's EDGAR page. The NASD has published information on how to invest carefully at its web site.

 
 








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