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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:
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. All written or oral forward-looking statements that are made or
are attributable to us are expressly qualified in their entirety by this cautionary notice. 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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the influence of the macroeconomic environment and its impact on consumer confidence and spending levels;
•
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;
•
any technological or regulatory developments that could negatively impact the way we do business, including developments requiring
us to collect and remit state and local sales and use taxes;
• risks associated with possible systems failures and/or security breaches, including, any security breach that results in the theft,
transfer or unauthorized disclosure of customer, employee or company information, or the failure to comply with various laws
applicable to HSNi in the event of such a breach;
• HSNi’s business prospects and strategy, including whether HSNi’
s initiatives will be effective; and
• our ability to offer new or alternative products and services through various platforms in a cost effective manner and consumer
acceptance of these products and services;
•
the loss of any key member of our senior management team.