1059262--3/9/2007--STANDARD_PARKING

related topics

{capital, credit, financial}

{loss, insurance, financial}

{operation, natural, condition}

{regulation, government, change}

{acquisition, growth, future}

{cost, operation, labor}

{personnel, key, retain}

{debt, indebtedness, cash}

{tax, income, asset}

{stock, price, operating}

{condition, economic, financial}

{competitive, industry, competition}

{stock, price, share}

{cost, regulation, environmental}

{product, liability, claim}

Our management contracts and leases expose us to certain risks. We believe that our public and private client base is becoming more concentrated. Our business would be harmed if fewer clients obtain insurance coverage through us. Our indebtedness could adversely affect our financial health and prevent us from fulfilling our obligations. Our working capital and liquidity may be adversely affected if a significant number of our clients require us to deposit all parking revenues into their respective accounts. Additional funds would need to be reserved for future insurance losses if such losses are worse than expected. The failure to successfully complete or integrate possible future acquisitions or new contracts could have a negative impact on our business. Our parent company, Steamboat Industries LLC, and its wholly owned subsidiary, Steamboat Industries, N.V., both of which are controlled by our chairman, control our major corporate decisions, and the offer or sale of a substantial amount of our common stock by our controlling shareholder could have an adverse impact on the market price of our common stock. Our ability to expand our business will be dependent upon the availability of adequate capital. A majority of our board of directors are not considered independent under the rules of The NASDAQ Stock Market LLC. The sureties for our performance bond program may elect not to provide us with new or renewal performance bonds for any reason. We may be unable to renew our insurance coverage and we do not maintain insurance coverage for all possible risks. Our business may be harmed as a result of extraordinary natural disasters. Our business may be harmed as a result of terrorist attacks and the related increase in government regulation of airports and reduced air travel. We must comply with regulations that may impose significant costs on us. Prior transactions limit our ability to utilize our remaining net operating losses and may accelerate future payment of taxes. The operation of our business is dependent upon key personnel. Many of our employees are covered by collective bargaining agreements. We operate in a very competitive business environment. Economic and demographic trends could materially adversely affect our business.

Full 10-K form ▸

1059262--3/9/2007--STANDARD_PARKING_CORP