25212--12/7/2006--COURIER

related topics

{cost, regulation, environmental}

{product, market, service}

{customer, product, revenue}

{personnel, key, retain}

{regulation, change, law}

{property, intellectual, protect}

{acquisition, growth, future}

{condition, economic, financial}

{competitive, industry, competition}

{cost, operation, labor}

{loan, real, estate}

Highly competitive markets for our products and industry consolidation may create increased pricing pressures. We have a high degree of customer concentration. We need to keep pace with rapid industry and technological change. Fluctuations in the cost and availability of paper and other raw materials may cause disruption and impact margins. Energy costs and availability may negatively impact our financial results. We may not be able to continue to improve our operating efficiencies. Protection of intellectual property rights critical to publishing segment. Declines in general economic conditions may adversely impact our business. The substitution of electronic delivery for printed materials may adversely affect our business. Changes in postal rates and postal regulations may adversely impact our business. Our facilities are subject to environmental laws and regulations, which may subject us to liability or increase costs. We may not be able to successfully integrate acquired businesses. Our ability to hire and train key executives and other qualified employees is crucial. Compliance with changing regulation of corporate governance, public disclosure and accounting matters may result in additional expenses.

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25212--12/7/2006--COURIER_CORP