Comfort Inn 2005 Annual Report Download - page 25

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Tax assessments and resolution of tax contingencies may arise several years after tax returns have been
filed. Predicting the outcome of such tax assessments involves uncertainty; however, we believe that recorded tax
liabilities adequately account for our analysis of probable outcomes.
FORWARD-LOOKING STATEMENTS
Certain statements contained in this annual report, including those in the section entitled Management’s
Discussion and Analysis of Financial Condition and Results of Operation that are not historical facts constitute
“forward-looking statements” within the meaning of the Private Securities Litigation Reform Act. Words such as
“believes,” “anticipates,” “expects,” “intends,” “estimates,” “projects,” and other similar expressions, which are
predictions of or indicate future events and trends, typically identify forward-looking statements. Such statements
are subject to a number of risks and uncertainties which could cause actual results to differ materially from those
projected, including: competition; business strategies and their intended results; the balance between supply of
and demand for hotel rooms; our ability to obtain new franchise agreements; our ability to develop and maintain
positive relations with current and potential hotel owners; the effect of international, national and regional
economic conditions and geopolitical events such as acts of god, acts of war, terrorism or epidemics; the
availability of capital to allow us and potential hotel owners to fund investments and construction of hotels; the
cost and other effects of legal proceedings; and other risks described from time to time in our filings with the
Securities and Exchange Commission (“SEC”), including those set forth under Item 1A “Risk Factors” in the
Company’s Form 10-K filed with the SEC on March 16, 2006. Given these uncertainties, you are cautioned not
to place undue reliance on such statements. We also undertake no obligation to publicly update or revise any
forward-looking statement to reflect current or future events or circumstances.
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