|[October 07, 2004]
MoneyGram International Announces Winner of $75,000 Mother's Day Sweepstakes
MINNEAPOLIS --(Business Wire)-- Oct. 7, 2004 -- Raymond R.(a), a MoneyGram customer from Thousand Oaks, California, has won the $75,000 grand prize in MoneyGram's 2004 Mother's Day Sweepstakes - "Buy a House for Mom."
Raymond, a hobby collector, has used MoneyGram in the past to transfer funds when purchasing items from other collectors located overseas. He has also used MoneyGram to send money to his children when they are traveling away from home.
"You can't imagine what an absolute thrill this is for me and my family," he said. "We have never won a prize such as this and it comes at such an opportune time for us. Both of my sons are getting married next year and we are helping out with expenses. This money will certainly cushion the shock to our budget."
MoneyGram also awarded 40 first prizes of $500 each. The first prize winners used MoneyGram to send cash to their families living around the world, including Mexico, Guatemala, Honduras, El Salvador, Jamaica, Trinidad & Tobago and Pakistan.
Anyone that sent a MoneyGram transaction from the United States, Canada or Puerto Rico from April 1 through May 31, 2004, was automatically entered into the sweepstakes contest.
MoneyGram International, Inc. (NYSE:MGI) is a leading global payment services company and S&P MidCap 400 company. The company's major products and services include global money transfers, money orders and payment processing solutions for financial institutions and retail customers. MoneyGram's money transfer services are available in 70,000 locations in more than 160 countries. For more information or to locate a MoneyGram agent, visit the company's Website at www.moneygram.com http://www.viad.com/.
(a) Note to editors: For security reasons, the winner's full name and address is not released. The grand prize winner was given the option of receiving a single lesser lump sum payment or annual installments to be paid out over five years. Raymond selected the annuity option and has received his initial payment.
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