1050031--3/14/2007--SM&A

related topics

{stock, price, operating}

{acquisition, growth, future}

{competitive, industry, competition}

{personnel, key, retain}

{customer, product, revenue}

{regulation, government, change}

ADDITIONAL FACTORS THAT MAY AFFECT FUTURE RESULTS Our business depends substantially on the defense industry. We rely on a relatively limited number of clients. We cannot guarantee that acquisitions, mergers or investments in other companies will be successful. The markets in which we operate are highly competitive. We rely heavily upon our ability to recruit and maintain skilled professionals. Our stock price is subject to significant volatility. Principal stockholder has significant control.

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