Home Shopping Network 2013 Annual Report Download - page 3

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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 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 shipping promotions or 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;
• risks associated with acquisitions including the ability to successfully integrate new businesses and achieve
expected benefits and results;
• 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. 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.