Tucows 2015 Annual Report Download - page 4

Information Concerning Forward-Looking Statements
This Annual Report on Form 10-K contains, in addition to historical information, forward-looking statements by
us with regard to our expectations as to financial results and other aspects of our business that involve risks and
uncertainties and may constitute forward-looking statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Words such as “may,” “should,” “anticipate,” “believe,” “plan,” “estimate,” “expect” and “intend,”
and other similar expressions are intended to identify forward-looking statements. The forward-looking statements
contained in this report include statements regarding, among other things, the competition we expect to encounter as our
business develops and competes in a broader range of Internet services, the Company's foreign currency requirements,
specifically for the Canadian dollar; Ting mobile and fixed Internet access subscriber growth and retention rates, the
number of new, renewed and transferred-in domain names we register as our business develops and competes; the effect of
a potential global top level domain (“gTLD”) expansion by the Internet Corporation for Assigned Names and Numbers
(“ICANN”) on the number of domains we register and the impact it may have on related revenues; our belief that the
market for domain name registration will trend upward gradually and may be affected by market volatility; our belief that,
by increasing the number of services we offer, we will be able to generate higher revenues; the revenue that our parked
page vendor relationships may generate in the future; the effectiveness of our intellectual property protection, including our
ability to license proprietary rights to network partners and to register additional trademarks and service marks; the
potential impact of current and pending claims on our business; our valuations of certain deferred tax assets; our
expectation to collect our outstanding receivables, net of our allowance for doubtful accounts; our expectation regarding
fluctuations in certain expense and cost categories; our expectations regarding our unrecognized tax benefit and the timing
or completion of certain audits of our US, Canadian and German tax returns; our expectations regarding cash from
operations to fund our business; the impact of cancellations of or amendments to market development fund programs under
which we receive funds, and general business conditions and economic uncertainty. These statements are based on
management’s current expectations and are subject to a number of uncertainties and risks that could cause actual results to
differ materially from those described in the forward-looking statements. Many factors affect our ability to achieve our
objectives and to successfully develop and commercialize our services including:
• Changes in the nature of key strategic relationships with our Mobile Virtual Network Operator ("MVNO")
partners;
• The effects of vigorous competition on a highly penetrated mobile telephony market, including the impact of
competition on the price we are able to charge subscribers for services and devices and on the geographic areas
served by our MVNO partner wireless networks;
• Our ability to manage any potential increase in subscriber churn or bad debt expense;
• Our ability to continue to generate sufficient working capital to meet our operating requirements;
• Our ability to maintain a good working relationship with our vendors and customers;
• The ability of vendors to continue to supply our needs;
• Actions by our competitors;
• Our ability to attract and retain qualified personnel in our business;
• Our ability to effectively manage our business;
• The effects of any material impairment of our goodwill or other indefinite-lived intangible assets;
• Our ability to obtain and maintain approvals from regulatory authorities on regulatory issues;
•
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