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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (date of earliest event reported): October 22, 1997
MONEYGRAM PAYMENT SYSTEMS, INC.
(Exact Name of Registrant as Specified in its Charter)
Delaware 1-14350 84-1327808
_________________________________ _____________________ ________________
(State or other jurisdiction (Commission File No.) (IRS Employer
of incorporation) Identification No.)
7401 W. Mansfield Ave., Lakewood, CO 80235
____________________________________________ __________________
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 303-716-6800
__________________
Not Applicable
_____________________________________________________________
(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS
In connection with the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995, MoneyGram Payment Systems, Inc. (the
"Company") is hereby filing cautionary statements identifying important
factors that could cause the Company's actual results to differ materially
from those projected in forward-looking statements of the Company made by, or
on behalf of, the Company.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
Exhibit 99
Cautionary Statement for Purposes of the "Safe Harbor" Provisions of the
Private Securities Litigation Reform Act of 1995.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
MONEYGRAM PAYMENT SYSTEMS, INC.
By: /S/ JAMES F. CALVANO
___________________________
James F. Calvano
Chairman and Chief Executive
Officer
Dated: October 22, 1997
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EXHIBIT 99
CAUTIONARY STATEMENT FOR PURPOSES OF THE "SAFE HARBOR" PROVISIONS OF THE
PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
In passing the Private Securities Litigation Reform Act of 1995 (the "Reform
Act"), Congress encouraged public companies to make "forward-looking
statements"* by creating a safe harbor to protect companies from securities
law liability in connection with forward-looking statements. MoneyGram
Payment Systems, Inc. (the "Company") intends to qualify both its written and
oral forward-looking statements for protection under the Reform Act.
To qualify oral forward-looking statements for protection under the Reform
Act, a readily available written document must identify important factors
that could cause actual results to differ materially from those in the
forward-looking statements. The Company provides the following information
in connection with its continuing effort to qualify forward-looking
statements for the safe-harbor protection of the Reform Act.
Important factors upon which the Company's forward-looking statements are
premised include the following:
- Continued growth at rates approximating recent levels for consumer
money transfer transactions.
- No unanticipated changes in laws or regulations affecting the
Company's businesses which require significant product redevelopment
efforts or render products obsolete.
- Absence of significant changes in retail foreign exchange spreads on
retail money transfer transactions, particularly between the United
States and Mexico.
- No material changes in pricing actions by major competitors.
- Absence of loss of a major portion of the Company's distribution
network.
- Absence of new major competitors or new competing products or
services.
Forward-looking statements express expectations of future events. All
forward-looking statements are inherently uncertain as they are based on
various expectations and assumptions concerning future events and they are
subject to numerous known and unknown risks and uncertainties which could
cause actual events or results to differ materially from those projected.
Due to these inherent uncertainties the investment community is urged not to
place undue reliance on forward-looking statements. In addition, the Company
undertakes no obligation to update or revise forward-looking statements to
reflect changed assumptions, the occurrence of unanticipated events, or
changes to projections over time.
* "FORWARD-LOOKING STATEMENTS" can be identified by use of words such as
"expect", "estimate", "project", "forecast", "anticipate", "plan" and similar
expressions.
