/ CORRECTION - Berman DeValerio

Market Wire, April, 2008

In the news release, "Berman DeValerio Announces Shareholder Suit Against MoneyGram International, Inc.," issued Monday, April 7, 2008, by Berman DeValerio, we are advised by the firm that the first sentence of the third paragraph should read "The class action was filed on behalf of all investors who acquired MoneyGram securities from March 1, 2007, through and including January 14, 2008 (the 'Class Period')." rather than "The class action was filed on behalf of all investors who acquired MoneyGram securities from March 1, 2007, through and including February 29, 2008 (the 'Class Period')." as originally issued. Complete corrected text follows.

Berman DeValerio Announces Shareholder Suit Against MoneyGram International, Inc.

MINNEAPOLIS, MN -- April 08, 2008 -- An investor has sued MoneyGram International, Inc. ("MoneyGram" or the "Company") (NYSE: MGI) in federal court, accusing the company of securities law violations, Berman DeValerio announced today.

Berman DeValerio ( www.bermanesq.com ) filed the class action complaint on April 4, 2008 in the U.S. District of Minnesota. The complaint, filed as 08-cv-00959, seeks damages for violations of federal securities laws and remedies under the Securities Exchange Act of 1934 (the "Exchange Act").

The class action was filed on behalf of all investors who acquired MoneyGram securities from March 1, 2007, through and including January 14, 2008 (the "Class Period"). With executive offices in Minneapolis, MoneyGram is a leading global payment services company. The Company's major products and services include global money transfers, money orders and payment processing solutions for financial institutions and retail customers.

To receive a copy of the complaint, you may contact the court, call Berman DeValerio's San Francisco office at (415) 433-3200, or click here to download a copy.

The lawsuit claims that MoneyGram and a number of individual defendants violated Sections 10(b) and 20(a) of the Exchange Act, 15 U.S.C. Sections 78j(b) and 78t(a) and Rule 10b-5 promulgated thereunder by the Securities and Exchange Commission ("SEC"), 17 C.F.R. Section 240.10b-5.

According to the complaint, the defendants made materially false and misleading statements about MoneyGram's financial results during the Class Period, some contained in SEC filings. In particular, the complaint alleges that the defendants: (a) failed to sufficiently inform the investing public about MoneyGram's risk exposure in its asset-backed securities investments; (b) failed to disclose that the Company's asset-backed securities investments were in fact permanently impaired when the credit market deteriorated; (c) misrepresented the amount of the Company's losses from the risky securities; and (d) misled investors regarding the Company's overall financial results and internal controls, among other things. As a result, investors purchased MoneyGram securities at artificially inflated prices during the Class Period and suffered damages.

The SEC has recently commenced an informal inquiry into MoneyGram's financial statements, reporting and disclosures.

If you acquired MoneyGram securities from March 1, 2007, through and including January 14, 2008, you may wish to contact the following attorneys at Berman DeValerio to discuss your rights and interests.

Nicole Lavallee, Esq.
Lesley Hale, Esq.
425 California Street, Suite 2100
San Francisco, CA 94104
(415) 433-3200
 sflaw@bermanesq.com 

If you wish to apply to be the lead plaintiff in this action, a motion on your behalf must be filed with the court no later than May 27, 2008. You may contact the attorneys at Berman DeValerio to discuss your rights regarding the appointment of lead plaintiff and your interest in the class action, or you may submit information online by clicking here . Please note, you may also retain counsel of your choice and need not take any action at this time to be a class member.

Berman DeValerio prosecutes class actions nationwide on behalf of institutions and individuals, chiefly victims of securities and antitrust law violations. The firm has 30 lawyers in Boston, San Francisco and West Palm Beach.

Contact: Lesley Hale, Esq. (415) 433-3200