| | • | the impact of the relatively low market liquidity for shares of our common stock; |
| | • | the impact on the holders of our common stock if we issue additional shares of our common stock or preferred stock; and |
| | • | the effect of price fluctuations in our common stock caused by general market and economic conditions and a variety of other factors, including factors that affect the volatility of the common stock of any of our publicly-held subsidiaries. |
Spectrum Brands Spectrum Brands’ actual results or other outcomes may differ from those expressed or implied by the forward-looking statements contained herein due to a variety of important factors, including, without limitation, the following:
| | • | the impact of Spectrum Brands’ substantial indebtedness on its business, financial condition and results of operations; |
| | • | the impact of restrictions in Spectrum Brands’ debt instruments on its ability to operate its business, finance its capital needs or pursue or expand its business strategies; |
| | • | any failure to comply with financial covenants and other provisions and restrictions of Spectrum Brands’ debt instruments; |
| | • | the impact of expenses resulting from the implementation of new business strategies, divestitures or current and proposed restructuring activities; |
| | • | Spectrum Brands’ inability to successfully integrate and operate new acquisitions at the level of financial performance anticipated; |
| | • | the unanticipated loss of key members of Spectrum Brands’ senior management; |
| | • | the impact of fluctuations in commodity prices, costs or availability of raw materials or terms and conditions available from suppliers, including suppliers’ willingness to advance credit; |
| | • | interest rate and exchange rate fluctuations; |
| | • | the loss of, or a significant reduction in, sales to any significant retail customer(s); |
| | • | competitive promotional activity or spending by competitors or price reductions by competitors; |
| | • | the introduction of new product features or technological developments by competitors and/or the development of new competitors or competitive brands; |
| | • | the effects of general economic conditions, including inflation, recession or fears of a recession, depression or fears of a depression, labor costs and stock market volatility or changes in trade, monetary or fiscal policies in the countries where Spectrum Brands does business; |
| | • | changes in consumer spending preferences and demand for Spectrum Brands’ products; |
| | • | Spectrum Brands’ ability to develop and successfully introduce new products, protect its intellectual property and avoid infringing the intellectual property of third parties; |
| | • | Spectrum Brands’ ability to successfully implement, achieve and sustain manufacturing and distribution cost efficiencies and improvements, and fully realize anticipated cost savings; |
| | • | the cost and effect of unanticipated legal, tax or regulatory proceedings or new laws or regulations (including environmental, public health and consumer protection regulations); |
| | • | public perception regarding the safety of Spectrum Brands’ products, including the potential for environmental liabilities, product liability claims, litigation and other claims; |
| | • | the impact of pending or threatened litigation; |
| | • | changes in accounting policies applicable to Spectrum Brands’ business; |
| | • | the seasonal nature of sales of certain of Spectrum Brands’ products; |
| | • | the effects of climate change and unusual weather activity; and |
| | • | the effects of political or economic conditions, terrorist attacks, acts of war or other unrest in international markets. |
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