American Home Shield 2008 Annual Report Download - page 63

Table of Contents
uses derivatives, how these instruments and the related hedged items are accounted for under SFAS No. 133 and related interpretations, and how derivative
instruments and related hedged items affect the entity's financial position, results of operations and cash flows. This statement is effective for financial
statements issued for fiscal years and interim periods beginning after November 15, 2008. The Company intends to provide these disclosures beginning in the
first quarter of 2009.
In April 2008, the FASB approved FASB Staff Position FAS 142-3, "Determination of the Useful Life of Intangible Assets" ("FSP 142-3"). FSP 142-3
amends the factors that should be considered in developing renewal or extension assumptions used to determine the useful life of a recognized intangible asset
under SFAS No. 142, "Goodwill and Other Intangible Assets." FSP 142-3 is effective for financial statements issued for fiscal years beginning after
November 15, 2008. The Company does not expect the adoption of FSP 142-3 to have a material effect on these consolidated financial statements.
Information Regarding Forward-Looking Statements
This report includes forward-looking statements and cautionary statements. Some of the forward-looking statements can be identified by the use of
forward-looking terms such as "believes," "expects," "may," "will," "shall," "should," "would," "could," "seek," "intends," "plans," "estimates," "anticipates"
or other comparable terms. These forward-looking statements include all matters that are not historical facts. They appear in a number of places throughout
this report and include, without limitation, statements regarding our intentions, beliefs or current expectations concerning, among other things, our results of
operations; financial condition; liquidity; prospects; growth strategies; the industries in which we operate; customer retention; employee selection, training
and retention; communications improvements; the continuation of tuck-in acquisitions; our plans and ability to make cash interest payments on our debt;
amortization of intangible assets; the outcome of tax audits; the impact of fuel swaps; the amounts we will pay in connection with outsourcing of information
technology services; restructurings and reorganizations, including Fast Forward, cost savings from such restructurings and reorganizations and expected
charges related to such restructurings and reorganizations; and the impact of prevailing economic conditions.
Forward-looking statements are subject to known and unknown risks and uncertainties, many of which may be beyond our control. We caution you that
forward-looking statements are not guarantees of future performance or outcomes and that actual outcomes and performances, including, without limitation,
our actual results of operations, financial condition and liquidity, and the development of the industries in which we operate may differ materially from those
made in or suggested by the forward-looking statements contained in this report. In addition, even if our results of operations, financial condition and
liquidity, and the development of the industries in which we operate are consistent with the forward-looking statements contained in this report, those results
or developments may not be indicative of results or developments in subsequent periods. A number of important factors, including the risks and uncertainties
discussed in Item 1A—Risk Factors in Part I of this report, could cause actual results and outcomes to differ materially from those in the forward-looking
statements. Factors that could cause actual results and outcomes to differ from those reflected in forward-looking statements include, without limitation:
the effects of our substantial indebtedness and the limitations contained in the agreements governing such indebtedness;
our ability to generate the significant amount of cash needed to fund our operations and service our debt obligations and debt repurchases;
our ability to secure sources of financing or other funding to allow for direct purchases of commercial vehicles;
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