Net income for 2004, excluding the effects of foreign
exchange losses and losses on early retirement of debt, was $19.
Net income for the fourth quarter 2004 was $4. Fourth quarter
2004 revenues were $23.8 million, compared to $2.8 million.2 million as of
Dec. 31, 2004, compared to $65. To access the webcast replay,
Internet users can access the conference call at
http://www.3 7.0)
Less: Rounding and
other (0.8

Add: Income tax 1.1
Add: Foreign
exchange loss - - - 1.4
Less: Income from
unconsolidated subs - (0.6
---------- ---------- --------- -------------

Earnings before interest,
taxes, depreciation and
amortization
(Adjusted EBITDA) $8.1 - - 1.

The United Nations calls it the Former Yugoslav Republic of Macedonia (FYROM ).

tziganes tensions

59 diluted earnings per share, compared to $3.08 per share loss. These
improved results are largely attributable to the continued growth in
ATMs under management, primarily in the Indian, Polish and Romanian
markets, together with transactional growth from those ATMs.
The Prepaid Processing Segment reported annual revenues for 2004
of $289." Euronet has expanded its prepaid business in the U.
The Software Solutions Segment reported annual revenues of $13. These increases
were primarily due to the EFT Processing Segment implementation of ATM
outsourcing agreements in India, Romania and Poland , combined with
continued growth and acquisitions in the Prepaid Processing Segment.6 0.1
Less: Income from
unconsolidated subs - (0.
Reconciliation of Net Income to Adjusted EBITDA by Segment
(unaudited - in millions)

Three Months Ended December 31, 2004
------------- -----------------------------------
EFT Prepaid Software
Processing Processing Solutions Consolidated
------ ----- ----------- ---------- -------------

Net Income $3.5

Add: Depreciation and
amortization 2.9 0.3 4.2)
-------- -- ---------- --------- -------------

Subtotal - Operating
income 2.3 4.

Business Editors/Telecommunications Writers

TORONTO----INNOTELCO, Inc . The company was able to continue operations during
sanctions against Yugoslavia.
"Innotelco is excited by the opportunity to extend their marketing
capability through our new association with Farel, a company that has
gained the reputation of one of the best marketing and distribution
agents for the region," (Ross Sehovic, CEO of Innotelco Inc.

albanian estimates

5 million,
compared to $5.4
million and a $0.8 million loss on the early retirement of debt.7 million
reported in the fourth quarter 2003 and to $7.7 million for the third
quarter of 2004.S.5 million, compared to
fourth quarter 2003 revenues of $4.08)
=========== =========== =========== ===========

Diluted weighted
average shares
outstanding 33,796,699 28,933,484 35,139,520 27,380,153
=========== =========== =========== ===========

EURONET WORLDWIDE, INC.9 $1.6 $2.6 5.7 1.6 10.3 $0.2
=========== =========== ========== =============

EURONET WORLDWIDE, INC.4 4.

About Innotelco, Inc.

Safe Harbor Statement

This press release contains forward-looking statements as defined
in the Securities Litigation Improvements Act of 1996.

albania proclaimed

----Euronet Worldwide,
Inc.4 million, for the fourth quarter 2003. Operating income for
2004 was $1.9 million at Dec.euronetworldwide. Euronet is also the largest provider of prepaid processing,
or top-up services, for prepaid mobile airtime.7) - (3.5
Add: Interest
expense 0.

The Albanians, 23 % of the population, are mainly of the Muslim religion.

tensions croatian

Net income for 2004 was $18.41 diluted earnings per
share, for 2003.5 million and discontinued
operations loss of $0. While depreciation and amortization are considered
operating costs under generally accepted accounting principles, these
expenses primarily represent non-cash current period allocation of
costs associated with long-lived assets acquired in prior periods. Management believes the exclusion of these
items provides a better basis for evaluating the underlying business
unit performance.6 million for the year 2003.7 million, up 50% over fourth quarter 2003
revenues of $15. The year-over-year increases in
revenue, operating income and Adjusted EBITDA were largely
attributable to a 71% increase in ATMs under management and expense
management.8 million,
compared to $5.
through the September 2003 acquisition of Austin International
Marketing and Investments , Inc.8 million of operating
expenses for 2004, compared to $6.625% convertible bonds, offset by
approximately $51. Visit the company's web site at www.

EURONET WORLDWIDE, INC.1) (0.1 0.6 $25.4
========== ========== ========= =============

EURONET WORLDWIDE, INC.6 11.8 - 0.4 $19. In Western Europe, OEMs and remanufacturers of office supplies
and consumables use non-food retailers as well as national and
international office and consumables channels to sell supplies and
consumables. Farel maintains offices in Skopje, Macedonia and Serbia
and Montenegro.

estimates kosovo

The fourth
quarter 2004 net income included a foreign exchange loss of $1. The debentures are potentially
convertible into approximately 4. Fourth quarter
2004 Adjusted EBITDA was $8.2 million, respectively, if the third quarter 2004's operating
income had not benefited from approximately $0.7
million in 2004 , compared to 2003 revenues of $15.4 million for 2003. Stockholders' equity was
$141.20, excluding the effects of
foreign exchange gains or losses, discontinued operations, and or
other non-operating or unusual items that cannot be accurately
projected.asp?ID=90277 or from
www. 31, 2003.
Reconciliation of Net Income to Adjusted EBITDA by Segment
(unaudited - in millions)

Year Ended December 31, 2004
------------------------------------------------
EFT Prepaid Software
Processing Processing Solutions Consolidated
----------- ----------- ---------- -------------

Net Income $9.1
=========== =========== ========== =============

EURONET WORLDWIDE, INC.8

Add: Income tax 2.0)
---- ------ ---------- --------- -------------

Subtotal - Operating
income 5.1
========== ========== ========= =============

EURONET WORLDWIDE, INC.1 - -
---------- - ----------- ---------- -------------

Subtotal - Operating
income 4.7 0.2
----------- ----------- ---------- -------------

Earnings before
interest, taxes,
depreciation and
amortization
(Adjusted EBITDA) $6 .researchandmarkets.researchandmarkets.

tensions balkan

Adjusted EBITDA for the EFT Processing
Segment for the year 2004 was $23.2 million reported for 2003. The
Prepaid Processing Segment processes electronic point -of-sale prepaid
transactions at more than 175,000 point-of-sale terminals across more
than 85 ,000 retailer locations in Europe, Asia Pacific and the U. (AIM), the January 2004 acquisition of
Prepaid Concepts, Inc. The
year-over-year increase was largely attributable to professional fees
for Sarbanes -Oxley compliance and resources to support the significant
growth in the business. The password is "Euronet.1 - 0.3 1.
Reconciliation of Net Income to Adjusted EBITDA by Segment
(unaudited - in millions)

Year Ended December 31, 2003
------------------------------------------- -----
EFT Prepaid Software
Processing Processing Solutions Consolidated
----------- ----------- ---------- -- -----------

Net Income $3.2
Less: Income from
unconsolidated subs - (0.1) - - (0.1)
----------- --- -------- ----------- -----------

Net income before
foreign exchange
loss, discountinuted
operations loss,
early retirement
of debt loss and
gains on asset
sales $7. This document provides a comprehensive
insight into these developing markets and discusses the role that each
of these regions will likely play in the future.
There are increasing opportunities for office supplies and
consumables manufacturers and distributors in Central and Eastern
Europe. "This
agreement is in keeping with Innotelco's plan to cover the
southeastern region of Europe and eventually the whole of the European
market.

Formerly a region of the former Yugoslavia , Macedonia is bordered to north by Serbia and Montegro (primarily the Kosovo region), to the west and south-west by Albania, to the east by Bulgaria, and to the south by Greece.

kosovo whereas

Fourth quarter 2004 operating income was
$5. Euronet
owns and/or operates ATMs in Hungary, Poland, Germany, Croatia, the
Czech Republic, U. The sequential increases in quarterly operating
income and Adjusted EBITDA would have increased by $0.19 to $0. With corporate headquarters in Leawood, Kansas, USA, and
19 worldwide offices , Euronet serves clients in more than 65
countries.08)
Income (loss) from
discontinued
operations - - - -
---- ------- ----------- ----------- -----------
Net income (loss) $0.6 $2.1 - 1.4 $0.4 - - 1. Because consumption is directly
related to the growth of GDP, these countries will eventually become
more powerful economies.

yugoslav yugoslavia

8 million for the fourth quarter 2003.7 million in the fourth quarter 2003.6
million, or $0. Operating income for the year 2004 was $15. (Precept), the May 2004 acquisition of
Electronic Payment Solutions (EPS) and the July 2004 acquisition of
Call Processing Inc. The annual 2004 results included
approximately $3.3 million, compared to $5.7 million for 2003.
The company's unrestricted cash on hand was $124 . Access to the call will be available
via the Internet and telephone.
These risks and other risks are described in the company's periodic
filings with the Securities and Exchange Commission, including but not
limited to Euronet's Form 10-Qs for the periods ended Mar. 30, 2004, and its 10-K for the period ended
Dec.4 $11.1)
Less: Interest
income - (0.
Reconciliation of Net Income to Adjusted EBITDA by Segment
(unaudited - in millions)

Three Months Ended December 31, 2003
------------------------------------------------
EFT Prepaid Software
Processing Processing Solutions Consolidated
----------- ----------- ---------- -------------

Net Income (loss) $0.2) - (0.1 0.5 $9.8 $(2. products for the Macedonian telecom
industry.
Forward-looking statements are currently subject to risks and
uncertainties, some of which cannot be predicted or quantified.

The tensions are sharp since the beginning.

proclaimed yugoslav

1 million for the fourth quarter
2004, compared to $8. Operating
income was $35.3 million, compared to $13.8 million, compared to $136.0 million at
Sept.625% convertible bonds. U. Eastern Standard Time to
further discuss these results.S.6 - - 7.2 0 .9
Add: Interest
expense 0.1 - -
---------- ---------- --------- -------------

Earnings before interest,
taxes, depreciation and
amortization
(Adjusted EBITDA) $4.1) (0.0

Add: Depreciation and
amortization 2.20 $0. Many manufacturers
that are based in Central and Eastern European countries produce
office supplies and consumables with cheaper labour, which results in
more efficient productivity. The total economic volume of the eight
Central and Eastern European countries that have joined the European
Union is expected to eventually reach the economic volume of a country
that is comparable in terms of size to one of the big EU players (i.

INNOTELCO Signs Agency Distribution Agreement with Farel

The words
"believe," expect," estimate" and "project " and similar expressions
define forward-looking statements, which speak only as of the date the
statement was made.

represented ethnos

8 million, or $0.0
million, for the fourth quarter 2004. Management analyzes historical
results adjusted for certain items that are non-operational or not
necessarily ongoing in nature and that are incremental to the baseline
of the business. The segment processed 232 million
transactions for the full year 2004 and 73.9 million reported in the fourth quarter 2003.8 million,
compared to $1.625% convertible bonds and approximately $16. 23, 2005, at 9:00 a.euronetworldwide. Euronet operates and services the largest
pan-European group of ATMs and operates the largest India shared ATM
network .S.euronetworldwide. Copies of these filings may be obtained by contacting
the company or the SEC .55 $0.8
----------- ----------- ---------- -------------

Earnings before
interest, taxes,
depreciation and
amortization
(Adjusted EBITDA) $23 .2
Add: Interest
expense 0.6 11.1
Rounding 0 .
Quarterly Reconciliation of Net Income to Adjusted EBITDA by Segment
(unaudited - in millions)

Three months ended September 30, 2004
------------------------------------------------
EFT Prepaid Software
Processing Processing Solutions Consolidated
----------- ----------- ---------- -------------

Net Income $2.2 - 3.8) - (0.6 0.8
Add: Foreign exchange
loss 1.

montegro yugoslav

1 million. Adjusted EBITDA
(operating income plus depreciation and amortization) was $51.3 million for 2003.8 million, or 47%, over 2003
revenues of $52.8 million .0 million.9 million compared to $4.7 million in amortization of acquired intangible
assets in the Prepaid Processing Segment. Software
revenue for the fourth quarter 2004 was $3.1
million in new capital leases, primarily in connection with an
outsourcing agreement in Poland and ATM upgrades in Germany.
Euronet Worldwide will host an analyst conference call on
Wednesday, Feb."
For those unable to attend the live broadcast, a replay will be
available beginning approximately one hour after the event via the web
locations, as well as via telephone.1) (2.1) - (1.3) - (0.13
=========== =========== =========== ===========

Diluted weighted
average share
outstanding 35,139,520 27,380,153 33,796,699 28,933,484
=========== =========== =========== ===========

Germany, U.).

minorities albanian

1 million, an increase of 61% over
fourth quarter 2003 revenues of $70.1
million for 2004, a 101% increase over 2003 Adjusted EBITDA of $25.
We believe that Adjusted EBITDA provides useful information to
investors because it is an indicator of the strength and performance
of our ongoing business operations, including our ability to fund
capital expenditures, acquisitions and operations and to incur and
service debt.2 million for the third quarter of 2004.9
million , up 71% compared to the $50. Total transactions processed during
2004 increased to 229 million, compared to 101 million for 2003.
The Prepaid Processing Segment's year-over-year revenue
improvements were the result of a continuation of transaction growth
from the company's e-pay group, combined with the results of transact
Elektronische Zahlungssysteme GmbH (Transact), a German prepaid
processor which was acquired in November 2003, the company's U.5 million.0 million in proceeds
from the December 2004 issuance of 1.
The company also announced that, despite its seasonally strong
fourth quarter , it expects earnings per share for the first quarter
2005 to be approximately $0.vcall. The company has
processing centers located in the U.4

Add: Income tax 4.4
Add: Loss on early
retirement of debt - - - 0.8 $51.1 - -
---------- ---------- --------- -------------

Earnings before interest,
taxes, depreciation and
amortization
(Adjusted EBITDA) $13.6 $4.8 $0.1 $0.6 $(2.2 - - 0.7

Add: Depreciation and
amortization 1.1
Rounding - 0.0

Add: Income tax 1.7
Add: Interest
expense 0.6
----------- ----------- ----------- -----------

Income per share -
diluted $0.08 $0.

Research and Markets : Central and Eastern Europe - Office Supplies and Consumables Markets

In Central and Eastern Europe, however, OEMs and
remanufacturers are increasingly entering growing and established
channel companies (to be discussed in more detail later in this
report ).

evoke turks

31, 2004, the impact has been
excluded from the calculation of diluted earnings per share; however ,
the impact on earnings per share is expected to be dilutive in future
periods, and, accordingly , the 4.
Adjusted EBITDA is a calculation commonly used as a basis for
investors, analysts and credit rating agencies to evaluate and compare
the periodic and future operating performance and value of companies
within the payment processing industry.8 million.9 million
for the year 2003 .
The segment completed the year with 5,742 ATMs owned or operated,
compared to 3,350 ATMs at the end of the 2003 and to 5,404 ATMs at the
end of the third quarter 2004. 31, 2004 was $4. 30, 2004 .
Combining all segments, transactions processed in 2004 were 461
million compared to 216 million processed in 2003, a 113% increase. 31, 2004 as compared to $19.2 in early retirement of the company 's 12 3/8% bonds
and acquisition and other indebtedness, and due to the contribution of
$51.0 million for capital expenditures, interest, taxes
paid and other items. The change in indebtedness included additions of $140.
The company's total assets as of Dec.vcall.com.14 $(0.9
Add: Minority
Interest - 0.3

Add: Depreciation and
amortization 8.4 2.9 1.2 - 3.8) - (1.9 $16 .9
Add: Foreign
exchange loss - - - 4.9 $0 .7
Add: Loss on
discontinued
operations - 0. The President of Farel is
Vasil Atanasov, who has 20 years experience in marketing and
distribution.

evoke albania

13 diluted earnings per share, for 2003, excluding the
effects of foreign exchange losses, discontinued operations and gain
on sale of the U., under which Euronet purchased 80% of certain
prepaid mobile phone top-up assets operated under the tradename
"Movilcarga. Euronet's total indebtedness was approximately
$166.com/CEPage.com. No fees are charged to access any event. The company offers outsourcing and
consulting services, integrated EFT software, network gateways, and
electronic prepaid top-up services to financial institutions, mobile
operators and retailers.4) - (0.3 6.4 13.1 0.2)
Less: Interest
income (0.2 7 .9 $14. Office products distributors in Western
European countries benefit from alternative sources of products in
these countries, and this may force many manufacturers to begin
competing more competitively. Farel is a distribution
agent for six major worldwide corporations: four from Austria, one
from Germany and one from the United States. The
risks and uncertainties to which forward-looking statements are
subject include, but are not limited to, the Company's ability to meet
its projected growth, the effects of government regulation,
competition and other material risks.

On the whole, these minorities represent less than 5 % of the population of the country .

represented balkan

4 million.2 million, or $0.
Excluding these losses, diluted earnings per share were $0. Generally , these items include gains or losses
associated with the sale of business assets or operations, market
development costs, foreign exchange translations, discontinued
operations, early debt retirement and other similar items as discussed
in this press release.2 million, compared to fourth quarter 2003
Adjusted EBITDA of $4.1 million reported for the fourth
quarter 2003.7 million related to
stronger than average terminal sales. As
previously announced, the company intends to expand its Prepaid
Processing Segment both domestically and internationally through
internal sales and promotional efforts as well as, if appropriate,
acquisitions. The
increase in unrestricted cash was due to $140.2 million as of Dec., Europe and Asia, and processes
electronic top-up transactions at more than 175,000 point-of-sale
terminals across more than 85,000 retailers in Europe, Asia Pacific
and the U. Euronet's actual
results may vary materially from those anticipated in such
forward-looking statements as a result of a number of factors,
including: technological developments affecting the market for the
company's products and services; foreign exchange fluctuations; and
changes in laws and regulations affecting the company's business.
Consolidated Statement of Operations and Comprehensive Income
(unaudited - in thousands, except per share data)

Year Ended Three Months Ended
December 31 , December 31,
2004 2003 2004 2003
----------- ----------- ----------- -----------
Consolidated
Statements of
Operations Data:
Revenues:
EFT Processing $77,600 $52,752 $23,728 $15,769
Prepaid Processing 289,810 136,185 85,898 50,089
Software and related
revenue 13,670 15,470 3,453 4,247
----------- ----------- ----------- -----------
Total 381,080 204 ,407 113,079 70,105
----------- ----------- ----------- --------- --

Operating expenses:
Direct operating
costs 264,602 132,357 78,265 47,115
Salaries and benefits 41,795 31,182 11,499 10,944
Selling, general and
administrative 23,578 15,489 7,265 3,211
Depreciation and
amortization 15,801 12,062 4,599 3,143
----------- ----------- ----------- -----------
Total operating
expenses 345,776 191,090 101,628 64,413
----------- ----------- ----- ------ -----------
Operating income 35,304 13,317 11,451 5,692
----------- ----------- ----------- -----------

Other income
(expenses):
Interest income 3,022 1,257 972 331
Interest expense (7,300) (7,216) (2,023) (1,858)
Gain on sale of
assets - 18,045 - 44
Equity in income from
consolidated
subsidiaries 345 518 77 138
Loss on early
retirement of debt (920) - (794) -
Foreign exchange
loss, net (448) (9,690) (1,360) (4,497)
----------- ----------- -------- --- -----------
Total other income
(expense) (5,301) 2,914 (3,128) (5,842)
----------- ----------- ----------- -----------
Income (loss ) from
continuing
operations before
income taxes and
minority interest 30 ,003 16,231 8,323 (150)
Income tax expense (11,518) (4,246) (3,467 ) (1,936)
Minority interest (58) - (58) -
----------- ----------- ----------- -----------

Income (loss) from
continuing
operations 18,427 11,985 4,798 (2,086)
----------- ----------- ----------- -----------
Discontinued
operations:
Loss from
discontinued
operations - (201) - (150)
----------- ----------- ----------- -----------
Net income (loss) 18,427 11,784 4,798 (2,236)
Translation
adjustment 4,196 2,876 3,606 2,180
----------- ----------- ----------- -----------
Comprehensive income
(loss) $22,623 $14,660 $8,404 $(56)
=========== =========== =========== ===========
Income (loss) per
share - diluted:
Income (loss) from
continuing
operations $0.41 $0.7 - 4.7
Add: Loss from
discountued
operations, net 0.6 1.4 1 .0 $5.8
========== ========== ========= =============

EURONET WORLDWIDE, INC.
Reconciliation of Net Income Excluding FX, Discontinued Operations,
Gain on Sale and Retirement of Debt
(unaudited - in millions , except share and share data)

Three months ended Year Ended
December 31, December 31,
---- ------------------- -----------------------
2004 2003 2004 2003
----------- ----------- ----------- -----------

Net income (loss) $4.5 0.0)
Rounding - - 0.59 $0.

Business Editors/Technology Editors

DUBLIN, Ireland----Research and
Markets (http://www. (Pink
Sheets: ILCO), a marketer and distributor of telecom hardware and
network solutions , announced today that it has signed an Agency and
Distribution Agreement with Farel, Macedonia, to act as Agent and
distributor for Innotelco Inc.

INNOTELCO is a telecom hardware supplier, specializing in
servicing emerging markets looking to expand their telecommunications
networks .

The Republic of Macedonia is a country located in southeastern Europe, on the Balkan Peninsula.

borders croatian

4
million .4 million, or $0. Automatic Teller Machines (ATMs) network.20, or $7.K.8 million and to fourth quarter
2003 transactions of 39.S.L.8 million, compared to $1.0 million at Dec.0
million for the 1.5
million , compared to $303. The increase in stockholders' equity was largely related to
company-issued common stock in connection with acquisitions and to
2004's net income of $18.1) - -
----------- ----------- ---------- -------------

Subtotal - Operating
income 15.3)
Less: Rounding and
other (0.1)
Less: Interest
income - (0.3 4.9 -
Less: Gain on sale of
assets - (0.1) - (18. Central and Eastern European
distribution channels for computer and hardware products as well as
consumables will become more successful over time as these countries
begin to experience strong growth.com/reports /c10743

The government estimates that in 1991 Albanian speakers represented 23 % of the population , but Albanians say they are now 40 % of the population because of their immigration from Kosovo and higher birth rates.

albanians proclaimed

Business Editors/Technology Editors

LEAWOOD, Kan.1 million for 2004 , an increase
of 86% over 2003 revenues of $204.3 million for 2004, compared to $13. The fourth quarter 2003 net loss
included a foreign exchange loss of $4.2 million
transactions for the same periods last year, respectively.3 million, compared to the
prior year's results of $11.9 million.6 million for 2003.
31, 2003. This
additional indebtedness was offset during 2004 by the early retirement
of all of the company's 12 3/8% senior discount notes and
acquisition-related indebtedness. The
account number, 1628, and the conference ID number, 134189, are both
required for the replay.

2 - 11.5
Add: Interest
expense 1.3 1.3 2 .2 $9.6 $6.8
Less: Foreign
exchange gain - - - (0.2) - (0.2) $18.1 (0.0 $2., or France).

officially kosovo

55 diluted earnings
per share, compared to $11.K.8 million, or $0.6 million, an increase of $24.6 million, compared to $15.8 million for the fourth quarter 2004 compared to
third quarter 2004 transactions of 59.
prepaid operations and the November 2004 acquisition of Spanish
company Meflur S.41 $0.
Consolidated Summary Balance Sheets
(unaudited - in thousands)

As of December 31,
--------------------
2004 2003
--------- ---------
ASSETS
Current assets:
Cash and cash equivalents $124,198 $19,245
Restricted cash 69,300 58,280
Inventory 18,949 2,833
Trade accounts receivable, net of allowance for
doubtful accounts 110,306 75,648
Other current assets, net 22,013 11,948
--------- ---------

Total current assets 344,766 167,954

Property, plant and equipment, net 39,907 20,658
Goodwill and intangible assets, net 212,598 111,284
Other assets 21,204 3,877
--------- ---------

Total assets $618,475 $303,773
========= =========

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable and other current liabilities $283,918 $145,996
Current portion of long-term debt and short-term
borrowings 9,265 5,930
--------- ---------

Total current liabilities 293,183 151,926

Obligations under capital leases, excluding
current installments 16,894 3,240
Deferred income tax 17,520 7,828
Long-term borrowings 140,000 55,792
Other long-term liabilities 3,093 3,118
Minority interest 5,871 -
--------- ---------

Total liabilities 476,561 221,904

Stockholders ' equity 141,914 81,869
--------- ---------

Total liabilities and stockholders' equity $618,475 $303,773
========= =========

EURONET WORLDWIDE, INC.2
Add: Foreign
exchange loss - - - 9.5)
Less: Interest
income - (1.1 - 0.9 0.2 - 0.K.
Farel has a yearly estimated net profit ranging from 3 to 5
million euros."

About Farel

Farel, established in 1990, covers the market for over 20 million
people in the southeastern region of Europe. Future
events and actual results could differ materially from those set forth
in, contemplated in, underlie the forward -looking statements.

represented macedonia

2 million; excluding these losses, earnings per
share was $0.2 million. In
the fourth quarter of 2004, again all segments combined, the company
processed 139 million transactions compared to fourth quarter 2003
processed transactions of 73 million, a 90% increase.8 million, as of Dec.S. Participants should go to the web site at
least 15 minutes before this event to download and install any
necessary audio software. To dial in for the replay, the call-in
number is +1 -877-660-6853 (USA) or +1-201-612-7415 (non-USA). The call and webcast replay will be available
for one month.6) - (0.5 - 2.1) - (0. INNOTELCO's products range from indoor and outdoor coaxial
cables and accessories to fibre optics and switching equipment. undertakes no obligation to
publicly update or revise any forward-looking statements, whether
because of new information, future events or otherwise.

The Republic of Macedonia proclaimed its independence in 1991.

turks kosovo

Adjusted EBITDA was $16. The attached schedules provide a full reconciliation
of any such non-GAAP financial measures.
Annual operating income for 2004 was $28. The Prepaid
Processing Segment reported fourth quarter 2004 revenues of $85.1 million in Adjusted EBITDA, offset by an aggregate of
approximately $26.4 million.m. Internet users can access the
conference call at http://www.com/CEPage.8 $18.3
Add: Foreign
exchange loss - - - 0.9 $15.0
Add: Loss on early
retirement of debt - - - 0.8
Add: Minority
Interest - 0.5
Add: loss from
discontinued
operations, net 0.7 0.9 $8 .5 2.4)
Less: Income from
unconsolidated subs - (0.2
Add: Loss on early
debt retirement 0.

The Albanians mainly live in the west of country, close to the borders of Albania, but also close to the borders of the Kosovo, with Albanian population.

Among the other ethnos groups, it is necessary to evoke the Turks (4 %) and the Tziganes (2,3 %), but also several small communities speaking the Serb one, Croatian, the Greek, Bulgarian, the gagaouze, the valaque one or the aroumain, etc.

fyrom ethnos

Euronet Worldwide Reports Full-Year and Fourth-Quarter 2004 Financial Results

Consolidated revenue for
the fourth quarter 2004 was $113.08, or $2.2 million shares of common stock,
subject to adjustment. Since the assumed conversion of the debentures
is not dilutive for the year ended Dec.
The EFT Processing Segment reported annual revenues for 2004 of
$77.0
million , compared to $6.3 million reported in the fourth quarter
2003 and to $4.4 million transactions in
the fourth quarter 2004, compared to 115 million and 33., Greece, Romania, Slovakia, Kosovo, Albania ,
Serbia, India and Egypt.S. (CPI). Software
backlog at Dec.8 million in the fourth quarter of 2003.2 million at Dec.asp?ID=90277 or from
www.3)
Less: Interest
income (0.8 35.5 $10.2)

Add: Income tax 1.3 3.3 1.

There are 27 different ethnic groups identified in this country.

tensions borders

Operating income for the fourth quarter 2004 was $11.8
million, or $0.14
diluted earnings per share, compared to a net loss for the fourth
quarter 2003 of $2.2 million shares would be included in
the calculation of diluted earnings per share. Fourth quarter 2004 Adjusted EBITDA was $9. Fourth
quarter 2004 operating income of $7.
Total transactions processed by the Prepaid Processing Segment
increased to 65. For the fourth
quarter 2004, Corporate and Other Segment expenses were $2. 31, 2004 were $618. The increase
in total assets was largely the result of investments made in
acquisitions, increased restricted cash and accounts receivable
related to the prepaid business, and of cash held at year-end 2004
related to the 1 .55 $0.2
Less: Gain on sale - - - (18.2 3.2 1.9)
Rounding and other 0.

The last census goes back to 1981 whereas the Albanians represented officially 20 % of the population.

tensions ethnos

In December 2004, the company issued convertible senior debentures
that if converted in the future would have a potentially dilutive
effect on the company 's stock. 31, 2003. 31, 2003.9 million at the end
of 2003. For those without Internet access, the
conference call-in number is +1-877-407-9210 (USA) or +1-201-689-8049
(non-USA).com

Any statements contained in this news release, which concern the
company's or management's intentions , expectations, or predictions of
future performance, are forward-looking statements.6 $1.6 - 7.0)
Less: Income from
unconsolidated subs - (0.0 $0.7 0.8 7.4 9.8 $3.com/reports/c10743) has
announced the addition of Overview of Central and Eastern European
Office Supplies and Consumables Markets to their offering
Office supplies and consumables manufacturers as well as channel
players face opportunities and threats when marketing to the countries
in Central and Eastern Europe.

Background

Introduction

Overview - Central + Eastern European Office Products market

New EU Member States (since 01 May 2004)

Czech Republic

Hungary

Poland

Slovenia

Slovakia

Latvia, Lithuania and Estonia

Republic of Cyprus

Malta

2007 Future Admission Countries

Romania, Bulgaria (Southeastern Europe)

Future Candidate EU Countries (Turkey )

Turkey

Non EU countries (Croatia, Ukraine, Kazakhstan, Montenegro,

Macedonia, Serbia)

Croatia

Ukraine

Kazakhstan

Russia

Conclusion

Appendix Economic Data of new EU member states

Russia

Kazakhstan

For more information visit
http://www. INNOTELCO, Inc.

croatian represented

(NASDAQ: EEFT), a leading electronic payments provider, announced
annual consolidated revenues of $381. As required by EITF 04-8, "The Effect of
Contingently Convertible Debt on Diluted Earnings per Share,"
regardless of whether the conditions upon which the debentures would
be convertible into shares of the company's common stock have been
met, if dilutive, the impact of the contingently issuable shares is
included in the calculation of diluted earnings per share under the
"if converted" method. Adjusted EBITDA for 2004 was
$34.9 million and
$1.
The Corporate and Other Segment had $9. 31, 2004, compared to $81.

About Euronet Worldwide

Euronet Worldwide is an industry leader in processing secure
electronic financial transactions. 31, 2004 ,
June 30, 2004 and Sept.14 $(0.3 $23.0 28.0 15.3 $34.1) - - -
---------- ---------- --------- ---------- ---

Subtotal - Operating
income 6.3

Add: Depreciation and
amortization 7.2 12.8 $6.9 $4.3)
Less: Rounding and
other (0.3 $6.4 $11.e. A trend towards higher business and private consumption
enables national and global channels that are selling office supplies
and consumables to increase their market share in the Eastern European
countries.