1263074--3/14/2008--PORTEC_RAIL_PRODUCTS

related topics

{condition, economic, financial}

{operation, natural, condition}

{cost, contract, operation}

{property, intellectual, protect}

{personnel, key, retain}

{product, liability, claim}

{customer, product, revenue}

{operation, international, foreign}

{product, market, service}

{tax, income, asset}

{acquisition, growth, future}

{competitive, industry, competition}

We have limited international protection of our intellectual property. We may not achieve benefits from future acquisitions. Disruption of our relationships with key suppliers would adversely affect our business. If we lose key personnel or qualified technical staff, our ability to manage the day-to-day aspects of our business will be adversely affected. As we expand our sales of products and services internationally, we will increase our exposure to international economic and political risks. We have a significant pension liability, which may significantly increase our funding requirements under ERISA and other applicable regulations. We may be required to record a significant charge to earnings if our goodwill or intangible assets become impaired. Warranty claims for defective products adversely affect our business and financial results. Risk Factors Relating to Our Industry Our sales can fluctuate from quarter to quarter due to seasonal factors or our railroad customers capital expenditure or routine maintenance spending programs. A decrease in rail traffic or rail capital expenditures due to weakness in the general economy or competitive factors could adversely affect our operating results. Competition and innovation by our competitors may adversely affect our business.

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1263074--3/14/2008--PORTEC_RAIL_PRODUCTS_INC