United Check Cashing´┐Ż Chain Recognizes Outstanding Students With Cash Scholarship Awards

Friday, June 11, 2004

Five high school seniors from various parts of the country will be receiving an extra graduation present in the next few weeks. As a result of a partnership between United Check Cashing centers and Travelers Express/MoneyGram, a local student [name] from [high school name] in [town] will be receiving a $1,500 grant to apply toward his / her educational expenses at [college name]. [Franchise owner name], the local franchise owner of the United center at [store address] will present [student's name] with his / her check at a special ceremony on [day and date]. The 1st annual "Uniting Scholars with Dollars" program was sponsored by over 60 participating United centers throughout the country. The funds were raised through donations made by these centers based on every Travelers Express money order sold over a three-month period last fall. The funds collected by the United centers were matched by both Travelers Express/MoneyGram and United Financial Services Group. A total of $7,500 was raised, a very successful effort for this first time endeavor. Dozens of students submitted applications whose criteria was based on demonstrated leadership skills in school and local community activities, financial need and academic achievement. Along with the completed application, students were required to prepare an essay about the person who most influenced them during their life. They also needed to furnish two letters of recommendation: one detailing local community service and the other detailing extracurricular school activities. To complete the selection process, ten finalists participated in a phone interview by a selection committee of six executives from United's Financial Services Group and Travelers Express/MoneyGram. "The ‘Uniting Scholars with Dollars' winners are truly a group of exceptionally bright and compassionate young men and women. United and Travelers Express/MoneyGram are privileged to help these young leaders achieve their goals" said Jack Leonard, United's President. -- more -- UNITED FINANCIAL SERVICES GROUP Press Release ´┐Ż Page 2 United Check Cashing´┐Ż is a national network of local financial services centers independently owned and operated by franchisees that live and work in the communities that they support. This network collectively cashes over $1 billion worth of checks annually as well as providing numerous other financial services providing a convenient alternative to traditional banks. The centers are franchised across the country by United Financial Services Group, Inc. based in Philadelphia, PA. Travelers Express Company, Inc. is a leading global provider of consumer money transfers, offering MoneyGram-branded money transfer services worldwide, and is the largest issuer of money orders in the United States. Travelers Express, including its subsidiary MoneyGram Payment Systems, Inc. serves consumers through its network of agents and financial institution customers.

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United Financial Services Group
400 Market St., #1030
Philadelphia, PA

Phone: (215) 238-0300
Toll Free: (800)626-0787
Fax: (215)238-9056

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