842633--3/13/2008--TRIMAS

related topics

{debt, indebtedness, cash}

{property, intellectual, protect}

{cost, regulation, environmental}

{acquisition, growth, future}

{product, market, service}

{cost, operation, labor}

{tax, income, asset}

{condition, economic, financial}

{operation, international, foreign}

{product, liability, claim}

{stock, price, operating}

{personnel, key, retain}

{control, financial, internal}

{cost, contract, operation}

We have a history of net losses. Our businesses depend upon general economic conditions and we serve some customers in highly cyclical industries; as such we are subject to the loss of sales and margins due to an economic downturn or recession. Many of the markets we serve are highly competitive, which could limit the volume of products that we sell and reduce our operating margins. Increases in our raw material or energy costs or the loss of critical suppliers could adversely affect our profitability and other financial results. We may be unable to successfully implement our business strategies. Our ability to realize our business strategies may be limited. Our products are typically highly engineered or customer-driven and we are subject to risks associated with changing technology and manufacturing techniques that could place us at a competitive disadvantage. We depend on the services of key individuals and relationships, the loss of which would materially harm us. We have substantial debt and interest payment requirements that may restrict our future operations and impair our ability to meet our obligations. Restrictions in our debt instruments and accounts receivable facility limit our ability to take certain actions and breaches thereof could impair our liquidity. We have significant goodwill and intangible assets, and future impairment of our goodwill and intangible assets could have a material negative impact on our financial results. We may face liability associated with the use of products for which patent ownership or other intellectual property rights are claimed. We may be unable to adequately protect our intellectual property. We may incur material losses and costs as a result of product liability, recall and warranty claims that may be brought against us. Our business may be materially and adversely affected by compliance obligations and liabilities under environmental laws and regulations. Historically, we have grown primarily through acquisitions. If we are unable to identify attractive acquisition candidates, successfully integrate acquired operations or realize the intended benefits of our acquisitions, we may be adversely affected. We have significant operating lease obligations and our failure to meet those obligations could adversely affect our financial condition. We may be subject to further unionization and work stoppages at our facilities or our customers may be subject to work stoppages, which could seriously impact the profitability of our business. Our healthcare costs for active employees and future retirees may exceed our projections and may negatively affect our financial results. A growing portion of our sales may be derived from international sources, which exposes us to certain risks which may adversely affect our financial results and impact our ability to service debt. Our stock price may be subject to significant volatility due to our own results or market trends.

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842633--3/13/2008--TRIMAS_CORP