884219--2/29/2008--VIAD

related topics

{operation, natural, condition}

{customer, product, revenue}

{competitive, industry, competition}

{operation, international, foreign}

{cost, operation, labor}

Viad s businesses are adversely affected by disruptions in the travel industry, particularly those adversely affecting the hotel and airline industries. The failure of a large customer to renew its services contract or the loss of business from convention facilities may adversely impact revenues. Viad s foreign operations are impacted by changes in foreign currency exchange rates. Viad s key businesses are relationship driven. Viad s businesses are seasonal, which causes results of operations to fluctuate and makes results of operations particularly sensitive to adverse events during peak periods. Exhibition rotation may impact overall profitability and makes comparisons between periods difficult. Transportation disruptions and increases in transportation costs could adversely affect Viad s businesses and operating results. Union-represented labor creates an increased risk of work stoppages and higher labor costs.

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884219--2/29/2008--VIAD_CORP