712034--3/22/2006--ACCO_BRANDS

related topics

{debt, indebtedness, cash}

{cost, operation, labor}

{cost, regulation, environmental}

{customer, product, revenue}

{condition, economic, financial}

{operation, international, foreign}

{operation, natural, condition}

{product, market, service}

{property, intellectual, protect}

{personnel, key, retain}

{tax, income, asset}

{product, liability, claim}

{system, service, information}

Risks Relating to Our Business We may not realize the anticipated benefits from the merger. The integration of ACCO Brands and GBC may present significant challenges. The Company is subject to risks related to its dependence on the strength of economies in various parts of the world. Our business is dependent on a limited number of customers and a substantial reduction in sales to these customers could significantly impact our operating results. If we do not compete successfully in the competitive office products industry, our business and revenues may be adversely affected. The raw materials and labor costs we incur are subject to price increases that could adversely affect our profitability. Our business is subject to risks associated with seasonality, which could adversely affect our cash flow, financial condition or results of operations. We will be subject to risks associated with international operations that could harm our business. We will be subject to risks associated with outsourcing that could harm our business. We will depend on certain manufacturing sources whose inability to perform their obligations could harm our business. Our inability to secure and maintain rights to intellectual property could harm our business. Our success will depend on our ability to attract and retain qualified personnel. We are subject to environmental regulation and environmental risks. Impairment charges could have a material adverse effect on the Company s financial results. Product liability claims or regulatory actions could adversely affect the Company s financial results or harm its reputation or the value of its end-user brands. If the spin-off from Fortune Brands, Inc. in August 2005 did not constitute a spin-off under section 355 of the Internal Revenue Code or the merger did not constitute a reorganization under section 368(a) of the Internal Revenue Code, either as a result of actions taken in connection with the spin-off or the merger or as a result of subsequent acquisitions of stock of Fortune Brands or stock of ACCO Brands, then we may be responsible for the payment of United States federal income taxes. Risks Relating to Our Indebtedness Our substantial indebtedness could adversely affect our results of operations and financial condition and prevent us from fulfilling our financial obligations. We are subject to restrictive debt covenants, which may restrict our operational flexibility. We will require a significant amount of cash to service our debts. Our ability to generate cash depends on many factors beyond our control.

Full 10-K form ▸

712034--3/22/2006--ACCO_BRANDS_CORP