1060559--2/29/2008--BRIGHT_HORIZONS_FAMILY_SOLUTIONS_INC

related topics
{regulation, government, change}
{acquisition, growth, future}
{financial, litigation, operation}
{personnel, key, retain}
{condition, economic, financial}
{competitive, industry, competition}
{stock, price, operating}
{cost, regulation, environmental}
{cost, operation, labor}
{capital, credit, financial}
{regulation, change, law}
{product, liability, claim}
We are subject to pending litigation that could delay or prevent the consummation of the proposed merger We have incurred, and will continue to incur, substantial costs in connection with the proposed merger. RISKS RELATING TO OUR BUSINESS Changes in economic conditions could negatively affect our operating results The growth of our business may be adversely affected if we do not implement our growth strategies successfully. Acquisitions may disrupt our operations or expose us to additional risk. Changes in our relationships with employer sponsors may affect our operating results Significant competition in our industry could adversely affect our results of operations. The Company depends on key management and key employees to manage our business Our business depends largely on our ability to hire and retain qualified teachers. Our operating results are subject to seasonal fluctuations. The Company may not be able to obtain and maintain adequate insurance at a reasonable cost. Adverse publicity could impact the demand for our services Changes in the demand for work and family services may affect the Company s operating results We may become subject to litigation proceedings that may adversely affect our business. Changes in laws and regulations could impact the way we conduct business. Significant increases in the cost of insurance claims may negatively affect our profitability.

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