783284--1/13/2010--PLANGRAPHICS

related topics

{cost, operation, labor}

{condition, economic, financial}

{cost, regulation, environmental}

{debt, indebtedness, cash}

{gas, price, oil}

{control, financial, internal}

{stock, price, operating}

{acquisition, growth, future}

{investment, property, distribution}

{customer, product, revenue}

{regulation, change, law}

{personnel, key, retain}

{stock, price, share}

{product, market, service}

{system, service, information}

{competitive, industry, competition}

{loss, insurance, financial}

The terms of our amended secured acquisition note enable the Mr. Morris to recover ownership of Morris Transportation, which would represent a significant loss of business. We may experience difficulty in combining and consolidating the management and operations of our acquired companies which could have a material adverse impact on our operations and financial performance. Our information management systems are diverse, may prove inadequate and may be difficult to integrate or replace. are subject to certain risks that we cannot control. If we are unable to successfully execute our growth strategy, our business and future results of operations may suffer. We are significantly dependent on the continued services of Paul A. Henley to realize our growth strategy. Our management owns more than a majority of our outstanding common stock and outside stockholders will be unable to influence management decisions or elect their nominees to our board of directors, if they should so desire. We have significant ongoing cash requirements and expect to incur additional cash requirements that could limit our growth and adversely affect our profitability if we are unable to obtain sufficient financing. Recent instability of the credit markets and the resulting effects on the economy could have a material adverse effect on our operating results. We derive twenty-five percent of our revenue from four customers, the loss of one or more of which could have a material adverse effect on our business. We operate in a highly competitive and fragmented industry, and our business will suffer if we are unable to adequately address potential downward pricing pressures and other factors that may adversely affect our operations and profitability. If our employees were to unionize, our operating costs would increase and our ability to compete would be impaired. Insurance and claims expenses could significantly reduce our profitability. Our customers and suppliers business may be impacted by the current downturn in the worldwide economy and disruption of financial markets. We may be adversely impacted by fluctuations in the price and availability of diesel fuel. Our operations are subject to various environmental laws and regulations, the violation of which could result in substantial fines or penalties. Increased prices, reduced productivity, and restricted availability of new revenue equipment could cause our financial condition, results of operations and cash flows to suffer. Seasonality and the impact of weather can adversely affect our profitability. Increases in driver compensation or difficulty in attracting drivers could affect our profitability and ability to grow. We operate in a highly regulated industry and increased costs of compliance with, or liability for violation of, existing or future regulations could have a materially adverse effect on our business. Higher interest rates on borrowed funds would adversely impact our results of operations. Our financial results may be adversely impacted by potential future changes in accounting practices. "Penny stock rules may make buying and selling our common stock difficult. We will incur significant expense in complying with Section 404 of the Sarbanes-Oxley Act of 2002 on a timely basis.

Full 10-K form ▸

783284--1/13/2010--PLANGRAPHICS_INC