American Home Shield 2008 Annual Report Download - page 64

Table of Contents
changes in interest rates;
weather conditions and seasonality factors that affect the demand for our services;
changes in the source and intensity of competition in our markets;
higher commodity prices and lack of availability, including fuel and fertilizer;
increases in operating costs, such as higher insurance premiums, self-insurance costs and health care costs;
employee retention, labor shortages or increases in compensation and benefits costs;
the risk that the benefits from the Merger or Fast Forward may not be fully realized or may take longer to realize than expected;
a continued downturn in general economic, financial and credit conditions in the United States and elsewhere (including further deterioration or
disruption in the credit and financial markets), especially as such a downturn may affect home resales, consumer or business liquidity, consumer
or commercial confidence or spending levels including as a result of inflation or deflation, unemployment, interest rate fluctuations, mortgage
foreclosures, subprime credit dislocations;
a failure of any banking institution with which we deposit our funds or any insurance company that provides insurance to us;
changes in the type or mix of our service offerings or products;
existing and future governmental regulation and the enforcement thereof, including regulation relating to restricting or banning of telemarketing,
direct mail or other marketing activities, the Termite Inspection Protection Plan, pesticides and/or fertilizers;
the success of our current restructuring initiatives, including the implementation of centers of excellence;
the number, type, outcomes and costs of legal or administrative proceedings;
possible labor organizing activities at the Company or its franchisees;
risks inherent in acquisitions and dispositions;
the timing and structuring of our business process outsourcing, including the outsourcing of portions of our information technology function, and
risks associated with such outsourcing; and
other factors described from time to time in documents that we file with the Securities and Exchange Commission.
You should read this report completely and with the understanding that actual future results may be materially different from expectations. All forward-
looking statements made in this report are qualified by these cautionary statements. These forward-looking statements are made only as of the date of this
report, and we do not undertake any obligation, other than as may be required by law, to update or revise any forward-looking statements to reflect changes in
assumptions, the occurrence of events, unanticipated or otherwise, changes in future operating results over time or otherwise.
Comparisons of results for current and any prior periods are not intended to express any future trends, or indications of future performance,
unless expressed as such, and should only be viewed as historical data.
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