Incredimail 2009 Annual Report Download - page 6

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Assumptions relating to the foregoing involve judgment with respect to, among other things, future economic, competitive and market
conditions, and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond our control.
In light of the significant uncertainties, inherent in the forward-
looking information included herein, the inclusion of such information should not
be regarded as a representation by us or any other person that our objectives or plans will be achieved. Factors that could cause actual results to
differ from our expectations or projections include the risks and uncertainties relating to our business described in this annual report at “
Item 3.D
Risk Factors.”
Moreover, we operate in a very competitive and rapidly changing environment. New risks emerge from time to time and it is not
possible for our management to predict all risks, nor can we assess the impact of all risks on our business or the extent to which any risk, or
combination of risks, may cause actual results to differ from those contained in any forward-looking statements.
We obtained statistical data, market data and other industry data and forecasts used in preparing this annual report from market
research, publicly available information and industry publications. Industry publications generally state that they obtain their information from
sources that they believe to be reliable, but they do not guarantee the accuracy and completeness of the information. Similarly, while we believe
that the statistical data, industry data and forecasts and market research are reliable, we have not independently verified the data, and we do not
make any representation as to the accuracy of the information.
Unless otherwise indicated, the information in this annual report:
●
Reflects the increase in our authorized share capital to 15 million ordinary shares and a 38
-
for
-
one ordinary share split effected as
a dividend on our ordinary shares outstanding effective immediately prior to the effectiveness of the registration statement on
Form F
-
1 relating to the initial public offering of our ordinary shares, which became effective on January 30, 2006; and
● Reflects the automatic conversion of all of our outstanding redeemable convertible preferred shares, on a 38-for-
one basis, into
1,764,948 ordinary shares upon the closing of our initial public offering on February 3, 2006.
2