Avis 2008 Annual Report Download - page 5

Other factors and assumptions not identified above, including those described under “Risk Factors” set forth in Item 1A herein, were also
involved in the derivation of these forward-looking statements, and the failure of such other assumptions to be realized, as well as other factors,
may also cause actual results to differ materially from those projected. Most of these factors are difficult to predict accurately and are generally
beyond our control.
You should consider the areas of risk described above, as well as those described under “Risk Factors” set forth in Item 1A herein and those that
may be disclosed from time to time in filings with the Securities and Exchange Commission, in connection with any forward-looking statements
that may be made by us and our businesses generally. Except for our ongoing obligations to disclose material information under the federal
securities laws, we undertake no obligation to release any revisions to any forward-looking statements, to report events or to report the
occurrence of unanticipated events unless required by law. For any forward-looking statements contained in any document, we claim the
protection of the safe harbor for forward
-
looking statements contained in the Private Securities Litigation Reform Act of 1995.
•
any impact on us from the actions of our licensees, dealers and independent contractors;
•
substantial increases in the cost, or decreases in the supply, of fuel, vehicle parts, energy or other resources on which we depend to
operate our business;
•
risks related to our indebtedness, including our substantial amount of debt and our ability to incur substantially more debt;
• our ability to meet the financial and other covenants contained in our senior credit facilities, our outstanding unsecured senior notes
and certain asset
-
backed funding arrangements;
• the terms of agreements among us and the former real estate, hospitality and travel distribution businesses following the separation of
those businesses from us during third quarter 2006, when we were known as Cendant Corporation (the “Separation”),
particularly with
respect to the allocation of assets and liabilities, including contingent liabilities and guarantees, commercial arrangements, the ability
of each of the separated companies to perform its obligations, including its indemnification obligations, under these agreements, and
the former real estate business
’
right to control the process for resolving disputes related to contingent liabilities and assets;
• the continuation of a low trading price of our stock, which could limit our access to capital, be an indicator that our goodwill or other
intangible assets are impaired and/or result in a future charge to earnings for an impairment of our goodwill or other intangible assets;
• our ability to meet and continue to meet the New York Stock Exchange’s continuing listing standards, including the minimum share
price requirement;
•
our exposure to fluctuations in foreign exchange rates; and
•
other business, economic, competitive, governmental, regulatory, political or technological factors affecting our operations, pricing or
services.