861878--3/1/2007--STERICYCLE_INC

related topics
{cost, regulation, environmental}
{acquisition, growth, future}
{product, market, service}
{debt, indebtedness, cash}
{operation, international, foreign}
{tax, income, asset}
{personnel, key, retain}
{cost, contract, operation}
{regulation, government, change}
We are subject to extensive governmental regulation, which is frequently difficult, expensive and time-consuming to comply with. The handling and treatment of regulated waste carries with it the risk of personal injury to employees and others. The handling of regulated waste exposes us to the risk of environmental liabilities, which may not be covered by insurance. The level of governmental enforcement of environmental regulations has an uncertain effect on our business and could reduce the demand for our services. If we are unable to acquire other regulated waste businesses, our revenue and profit growth may be slowed. The implementation of our acquisition strategy could be affected in certain instances by the concerns of state regulators, which could result in our not being able to realize the full synergies or profitability of particular acquisitions. Aggressive pricing by existing competitors and the entrance of new competitors could drive down our profits and slow our growth. Restrictions in our senior unsecured credit facility may limit our ability to pay dividends, incur additional debt, make acquisitions and make other investments. The loss of our senior executives could affect our ability to manage our business profitably. Our expansion into foreign countries exposes us to unfamiliar regulations and may expose us to new obstacles to growth. Our earnings could decline if we write-off intangible assets, such as goodwill.

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