Hertz 2008 Annual Report Download - page 22

as ‘‘believe,’’ ‘‘expect,’’ ‘‘anticipate,’’ ‘‘intend,’’ ‘‘plan,’’ ‘‘estimate,’’ ‘‘seek,’’ ‘‘will,’’ ‘‘may’’ or similar
expressions. These statements are based on certain assumptions that we have made in light of our
experience in the industry as well as our perceptions of historical trends, current conditions, expected
future developments and other factors we believe are appropriate in these circumstances. As you read
this Annual Report, you should understand that these statements are not guarantees of performance or
results. They involve risks, uncertainties and assumptions. You should understand the risks and
uncertainties discussed in ‘‘Item 1A—Risk Factors’’ and elsewhere in this Annual Report, could affect our
actual financial results and could cause actual results to differ materially from those expressed in the
forward-looking statements. Some important factors include:
•our operations;
•economic performance;
•financial condition;
•management forecasts;
•efficiencies;
•cost savings and opportunities to increase productivity and profitability;
•income and margins;
•liquidity and availability to us of additional or continued sources of financing for our revenue
earning equipment;
•financial instability of insurance companies providing financial guarantees for our asset-backed
securities;
•financial instability of the manufacturers of our cars;
•anticipated growth;
•economies of scale;
•the economy;
•future economic performance;
•our ability to maintain profitability during adverse economic cycles and unfavorable external events
(including war, terrorist acts, natural disasters and epidemic disease);
•fuel costs;
•future acquisitions and dispositions;
•litigation;
•potential and contingent liabilities;
•management’s plans;
•taxes;
•tangible and intangible asset impairment charges; and
•refinancing of existing debt.
In light of these risks, uncertainties and assumptions, the forward-looking statements contained in this
Annual Report might not prove to be accurate and you should not place undue reliance upon them. All
forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in
their entirety by the foregoing cautionary statements. All such statements speak only as of the date made,
and we undertake no obligation to update or revise publicly any forward-looking statements, whether as a
result of new information, future events or otherwise.
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