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related topics |
{acquisition, growth, future} |
{control, financial, internal} |
{product, market, service} |
{competitive, industry, competition} |
{stock, price, share} |
{system, service, information} |
{customer, product, revenue} |
{condition, economic, financial} |
{capital, credit, financial} |
{cost, operation, labor} |
{property, intellectual, protect} |
{cost, regulation, environmental} |
{regulation, change, law} |
{personnel, key, retain} |
{financial, litigation, operation} |
{product, liability, claim} |
{provision, law, control} |
{loss, insurance, financial} |
{tax, income, asset} |
{stock, price, operating} |
{regulation, government, change} |
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Risks Related to Our Business
We generate a significant amount of our revenues from our accounts
receivable financing solution and our retail inventory
management services, and those revenues have declined in recent
years. If these trends continue, our financial performance may
be materially and adversely affected.
The loss of our chief executive officer or other key employees
could have a material adverse effect on our business.
Acquisitions could result in integration difficulties,
unexpected expenses, diversion of management s attention and
If we are unable to successfully integrate the business
operations of companies we acquire in the future into our
business operations, we will not realize the anticipated
potential benefits from these acquisitions and our business
Because our business involves the electronic storage and
transmission of data, security breaches and computer viruses
could expose us to litigation and adversely affect our
If we experience losses, we could experience difficulty meeting
our business plan and our stock price could decline.
If we are unable to maintain or grow our business, our operating
results and financial condition would be adversely affected.
If we are unable to manage our growth, our business and results
of operations could be adversely affected.
Our business significantly depends on a productive sales force,
and our sales force has experienced management and employee
turnover in recent years. If these problems recur, we may not be
able to achieve our sales plans or maintain our current level of
Because we have a long sales and implementation cycle for some
of our solutions, we face the risk of not closing sales after
expending significant resources, which could materially and
adversely affect our business, financial condition and results
Competition, restrictions under our credit facility, market
conditions and other factors may impede our ability to acquire
other businesses and may inhibit our growth.
We may not be able to enter into and successfully implement
strategic alliances, which could limit our ability to grow our
We may be unable to market our products and services
successfully to new client financial institutions or to retain
current client financial institutions. If we are unable to do
so, our business may be materially and adversely affected.
The failure to execute our growth plans may affect our ability
to remain a publicly traded company.
Our plans to expand the number of products and services we offer
may not be successful and may lower our overall profit
We may be unable to compete in our markets, which could cause us
not to achieve our growth plans and materially and adversely
We may be unable to protect our proprietary technology
adequately, which may have a material adverse effect on our
revenue, our prospects for future growth and our overall
If our products or services are found to infringe the
proprietary rights of others, we may be required to change our
business practices and may also become subject to significant
The failure of our network infrastructure and equipment could
have a material adverse effect on our business.
We rely on the technological infrastructure of our client
financial institutions and their individual customers, and any
failure of that infrastructure could have a material adverse
effect on our revenue and our business.
Increased fraud committed by small businesses and increased
uncollectible accounts of small businesses may adversely affect
our accounts receivable financing business.
We could be sued for contract or product liability claims that
exceed our available insurance coverage, which could have a
material adverse effect on our business, financial condition and
We may not have adequate capital to support our planned growth,
which could significantly impair our ability to add new products
If our products and services contain errors, we may lose clients
and revenues and be subject to claims for damages.
Technological changes may reduce the demand for our products and
services or render them obsolete, which would reduce our revenue
Examination of our business by regulatory agencies could cause
us to incur significant expenses, and failure to remedy any
identified deficiency would adversely affect our business.
Governmental laws and regulations may adversely affect us by
making it more costly and burdensome to conduct our business or
Risks Related to Our Industry
We depend heavily on a single industry and any downturn in that
industry would materially and adversely affect our business and
Financial institutions are subject to industry consolidation,
and we may lose clients with little notice, which could
The banking industry is highly regulated, and changes in banking
regulations could negatively affect our business.
Risks of Owning Our Common Stock
Our stock price is volatile and any investment in our common
stock could suffer a decline in value.
If we are required to restate or reissue our financial
statements, the price of our stock may decline significantly.
If we fail to maintain adequate internal controls over financial reporting, then our business and operating results could be harmed.
Complying with Section 404 of the Sarbanes-Oxley Act of 2002
may strain our resources and distract management.
In complying with Section 404 of the Sarbanes-Oxley Act of
2002, we may detect material weaknesses in our internal
We do not anticipate paying any dividends on our common stock in
We may not be able to use the tax benefit from our operating
Provisions in our organizational documents and under Tennessee
law could delay or prevent a change in control of our company,
which could adversely affect the price of our common stock.
Full 10-K form ▸
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