WeightWatchers 2010 Annual Report Download - page 28

C
A
U
TI
O
NARY N
O
TI
C
ERE
G
ARDIN
G
F
O
RWARD-L
OO
KIN
GS
TATEMENT
S
E
xcept
f
or
hi
stor
i
ca
li
n
f
ormat
i
on conta
i
ne
dh
ere
i
n, t
hi
s Annua
l
Report on Form 10-K
i
nc
l
u
d
es “
f
orwar
d-
l
oo
ki
n
g
statements,” w
i
t
hi
nt
h
e mean
i
n
g
o
f
Sect
i
on 27A o
f
t
h
e Secur
i
t
i
es Act o
f
1933, as amen
d
e
d
,an
d
Sect
i
on 21E o
f
t
h
e Secur
i
t
i
es Exc
h
an
g
e Act o
f
1934, as amen
d
e
d
,ort
h
e Exc
h
an
g
e Act,
i
nc
l
u
di
n
g
,
i
n part
i
cu
l
ar
,
t
h
e statements a
b
out our p
l
ans, strate
gi
es an
d
prospects un
d
er t
h
e
h
ea
di
n
g
s “Bus
i
ness” an
d
“Mana
g
ement’s
D
i
scuss
i
on an
d
Ana
ly
s
i
so
f
F
i
nanc
i
a
l
Con
di
t
i
on an
d
Resu
l
ts o
f
Operat
i
ons.” We
h
ave
g
enera
lly
use
d
t
h
e wor
d
s
“ma
y
,” “w
ill
,” “cou
ld
,” “expect,” “ant
i
c
i
pate,” “
b
e
li
eve,” “est
i
mate,” “p
l
an,” “
i
nten
d
”an
d
s
i
m
il
ar express
i
ons
i
n
t
hi
s Annua
l
Report on Form 10-K an
d
t
h
e
d
ocuments
i
ncorporate
dby
re
f
erence
h
ere
i
nto
id
ent
ify f
orwar
d-
l
oo
ki
n
g
statements. We
h
ave
b
ase
d
t
h
ese
f
orwar
d
-
l
oo
ki
n
g
statements on our current v
i
ews w
i
t
h
respect to
f
uture
events an
dfi
nanc
i
a
l
per
f
ormance. Actua
l
resu
l
ts cou
ld diff
er mater
i
a
lly f
rom t
h
ose pro
j
ecte
di
nt
h
e
f
orwar
d-
l
oo
ki
n
g
statements. T
h
ese
f
orwar
d
-
l
oo
ki
n
g
statements are su
bj
ect to r
i
s
k
s, uncerta
i
nt
i
es an
d
assumpt
i
ons
,
i
nc
l
u
di
n
g
, amon
g
ot
h
er t
hi
n
g
s
:
• compet
i
t
i
on
f
rom ot
h
er we
igh
t mana
g
ement
i
n
d
ustr
y
part
i
c
i
pants or t
h
e
d
eve
l
opment o
f
more e
ff
ect
i
ve
o
r more
f
avora
bly
perce
i
ve
d
we
igh
t mana
g
ement met
h
o
d
s
;
• our a
bili
t
y
to cont
i
nue to
d
eve
l
op
i
nnovat
i
ve new serv
i
ces an
d
pro
d
ucts an
d
en
h
ance our ex
i
st
i
n
g
serv
i
ces an
d
pro
d
ucts, or t
h
e
f
a
il
ure o
f
our serv
i
ces an
d
pro
d
ucts to cont
i
nue to appea
l
to t
h
e mar
k
et;
•t
h
ee
ff
ect
i
veness o
f
our mar
k
et
i
n
g
an
d
a
d
vert
i
s
i
n
g
pro
g
rams;
•t
h
e
i
mpact on t
h
eWe
igh
t Watc
h
ers
b
ran
d
o
f
act
i
ons ta
k
en
by
our
f
ranc
hi
sees an
dli
censees;
•r
i
s
k
san
d
uncerta
i
nt
i
es assoc
i
ate
d
w
i
t
h
our
i
nternat
i
ona
l
operat
i
ons,
i
nc
l
u
di
n
g
econom
i
c, po
li
t
i
ca
l
an
d
soc
i
a
l
r
i
s
k
san
df
ore
ig
n currenc
y
r
i
s
k
s
;
• our a
bili
t
y
to success
f
u
lly
ma
k
e acqu
i
s
i
t
i
ons or enter
i
nto
j
o
i
nt ventures,
i
nc
l
u
di
n
g
our a
bili
t
y
t
o
success
f
u
lly i
nte
g
rate, operate or rea
li
ze t
h
e pro
j
ecte
db
ene
fi
ts o
f
suc
hb
us
i
nesses;
• uncerta
i
nt
i
es re
l
ate
d
to a
d
ownturn
i
n
g
enera
l
econom
i
c con
di
t
i
ons or consumer con
fid
ence;
•t
h
e seasona
l
nature o
f
our
b
us
i
ness
;
•t
h
e
i
mpact o
f
events t
h
at
di
scoura
g
e peop
l
e
f
rom
g
at
h
er
i
n
g
w
i
t
h
ot
h
ers
;
• our a
bili
t
y
to en
f
orce our
i
nte
ll
ectua
l
propert
y
r
igh
ts
b
ot
hd
omest
i
ca
lly
an
di
nternat
i
ona
lly
,aswe
ll
as
th
e
i
mpact o
f
our
i
nvo
l
vement
i
nan
y
c
l
a
i
ms re
l
ate
d
to
i
nte
ll
ectua
l
propert
y
r
igh
ts
;
• uncerta
i
nt
i
es re
g
ar
di
n
g
t
h
e sat
i
s
f
actor
y
operat
i
on o
f
our
i
n
f
ormat
i
on tec
h
no
l
o
gy
or s
y
stems;
• the impact of securit
y
breaches and privac
y
concerns;
• the im
p
act of dis
p
utes with our franchise o
p
erators;
• the impact of existin
g
and future laws and re
g
ulations;
• the impact of our debt service obli
g
ations and restrictive debt covenants;
• the possibilit
y
that the interests of our ma
j
orit
y
owner will conflict with other holders of our common
stock; an
d
• other risks and uncertainties, includin
g
those detailed from time to time in our periodic reports filed
with the Securities and Exchan
g
e Commission
.
You s
h
ou
ld
not put un
d
ue re
li
ance on an
yf
orwar
d
-
l
oo
ki
n
g
statements. You s
h
ou
ld
un
d
erstan
d
t
h
at man
y
i
mportant
f
actors,
i
nc
l
u
di
n
g
t
h
ose
di
scusse
d
un
d
er t
h
e
h
ea
di
n
g
s“R
i
s
k
Factors” an
d
“Mana
g
ement’s D
i
scuss
i
on
an
d
Ana
ly
s
i
so
f
F
i
nanc
i
a
l
Con
di
t
i
on an
d
Resu
l
ts o
f
Operat
i
ons,” cou
ld
cause our resu
l
ts to
diff
er mater
i
a
lly f
rom
t
h
ose expresse
d
or su
gg
este
di
nan
yf
orwar
d
-
l
oo
ki
n
g
statement. Except as requ
i
re
dbyl
aw, we
d
o not un
d
erta
k
e
an
y
o
blig
at
i
on to up
d
ate or rev
i
se t
h
ese
f
orwar
d
-
l
oo
ki
n
g
statements to re
fl
ect new
i
n
f
ormat
i
on or events o
r
c
i
rcumstances t
h
at occur a
f
ter t
h
e
d
ate o
f
t
hi
s Annua
l
Report on Form 10-K or to re
fl
ect t
h
e occurrence o
f
unant
i
c
i
pate
d
events or ot
h
erw
i
se
.
12