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3
PART I
Unless otherwise indicated, all references herein to Systemax Inc. (sometimes referred to as "Systemax,"
the "Company" or “we”) include its subsidiaries.
Forward Looking Statements
This report contains forward looking statements within the meaning of that term in the Private Securities
Litigation Reform Act of 1995 (Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934). Additional written or oral forward looking statements may be made by the
Company from time to time in filings with the Securities and Exchange Commission or otherwise.
Statements contained in this report that are not historical facts are forward looking statements made
pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward
looking statements may include, but are not limited to, projections of revenue, income or loss and capital
expenditures, statements regarding future operations, financing needs, compliance with financial
covenants in loan agreements, plans for acquisition or sale of assets or businesses and consolidation of
operations of newly acquired businesses, and plans relating to products or services of the Company,
assessments of materiality, predictions of future events and the effects of pending and possible litigation,
as well as assumptions relating to the foregoing. In addition, when used in this report, the words
“anticipates,” “believes,” “estimates,” “expects,” “intends,” and “plans” and variations thereof and
similar expressions are intended to identify forward looking statements.
Forward looking statements are inherently subject to risks and uncertainties, some of which cannot be
predicted or quantified based on current expectations. Consequently, future events and results could
differ materially from those set forth in, contemplated by, or underlying the forward looking statements
contained in this report. Statements in this report, particularly in “Item 1. Business,” ”Item 1A. Risk
Factors,” “Item 3. Legal Proceedings,” “Item 7. Management’s Discussion and Analysis of Financial
Condition and Results of Operations,” and the Notes to Consolidated Financial Statements describe
certain factors, among others, that could contribute to or cause such differences.
Other factors that may affect our future results of operations and financial condition include, but are not
limited to, unanticipated developments in any one or more of the following areas, as well as other factors
which may be detailed from time to time in our Securities and Exchange Commission filings:
the effect on us of volatility in the price of paper and periodic increases in postage rates
significant changes in the computer products retail industry, especially relating to the
distribution and sale of such products
timely availability of existing and new products
risks involved with e-commerce, including possible loss of business and customer
dissatisfaction if outages or other computer-related problems should preclude customer
access to us
risks associated with delivery of merchandise to customers by utilizing common
delivery services
borrowing costs or availability
pending or threatened litigation and investigations
the availability of key personnel
Readers are cautioned not to place undue reliance on any forward looking statements contained in this
report, which speak only as of the date of this report. We undertake no obligation to publicly release the
result of any revisions to these forward looking statements that may be made to reflect events or
circumstances after the date hereof or to reflect the occurrence of unexpected events.