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Table of Contents
FORWARD-LOOKING STATEMENTS
This annual report on Form 10-K contains certain “forward-looking statements”
within the meaning of Section 27A of the Securities Act of
1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934 (the “Exchange Act”), which are based on
management’
s exercise of business judgment, as well as assumptions made by and information currently available to management. When used in
this document, the words “may,” “will,” “anticipate,” “believe,” “estimate,” “expect,” “intend” and words of similar import, are intended to
identify any forward-looking statements. These forward-looking statements include, among other things, statements relating to the following:
HSNi’s future financial performance, HSNi’s business prospects and strategy, anticipated trends and prospects in the various markets in which
HSNi’s businesses operate and other similar matters. These forward-looking statements relate to expectations concerning matters that are not
historical fact and are based on management’s current expectations and assumptions about future events, which are inherently subject to
uncertainties, risks and changes in circumstances that are difficult to predict. Although we believe our expectations are based on reasonable
estimates and assumptions, they are not guarantees of performance.
Should one or more of these uncertainties, risks or changes in circumstances materialize, or should underlying assumptions prove incorrect,
our actual results could differ materially from those anticipated in these forward-looking statements. Factors that could cause or contribute to
such differences include but are not limited to those described under “Risk Factors,” and the following: the continued impact of the current
macroeconomic environment on consumer confidence and spending levels; whether national economic stimulus initiatives and measures will be
successful in achieving their objectives within the expected timeframes; other changes in political, business and economic conditions,
particularly those that affect consumer confidence, consumer spending or internet growth; changes in our relationships with pay television
operators, vendors, manufacturers and other third parties; changes in product delivery costs particularly if we are unable to offset them; our
ability to offer new or alternative products and services in a cost effective manner and consumer acceptance of these products and services; any
technological or regulatory developments that could negatively impact the way we do business, including regulations regarding state and local
sales and use taxes; HSNi’s business prospects and strategy, including whether HSNi’s initiatives will be effective; and the loss of any key
member of our senior management team. Other unknown or unpredictable factors that could also adversely affect HSNi’s business, financial
condition and results of operations may arise from time to time.
You should not place undue reliance on these forward-looking statements. Such forward-looking statements speak only to the date such
statements are made and we do not undertake to update, revise or otherwise publicly release any revisions to these forward-
looking statements to
reflect events or circumstances after the date hereof, or to reflect the occurrence of any unanticipated events. Although we believe that our
expectations are based on reasonable assumptions, we can give no assurance that our expectations will materialize. Historical results should not
be considered an indication of future performance.
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