746598--9/28/2007--BRADY

related topics

{operation, international, foreign}

{personnel, key, retain}

{tax, income, asset}

{customer, product, revenue}

{competitive, industry, competition}

{system, service, information}

{condition, economic, financial}

We operate in competitive markets and may be forced to cut our prices or incur additional costs to remain competitive, which may have a negative impact on our profitability. Our goodwill or other intangible assets may become impaired, which may negatively impact our results of operations. We have a concentration of business with several large key customers and distributors and loss of one or more of these customers could significantly affect our results of operations. We increasingly conduct a sizable amount of our manufacturing outside of the United States, which may present additional risks to our business. Our ability to continue to source low cost MRO products from regions such as China may decline. Conversely, low cost sourcing may also present risks to our revenue if our MRO customers choose to source cheaper products from low cost regions. Foreign currency fluctuations could adversely affect our sales and profits. We depend on our key personnel and the loss of these personnel could have an adverse effect on our operations. We may be unable to successfully implement anticipated changes to our information technology system. The increase in our level of indebtedness could adversely affect our financial health and make us vulnerable to adverse economic conditions.

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746598--9/28/2007--BRADY_CORP