900017--3/31/2006--THOMAS_GROUP_INC

related topics
{product, market, service}
{personnel, key, retain}
{debt, indebtedness, cash}
{stock, price, operating}
{property, intellectual, protect}
{operation, international, foreign}
{regulation, change, law}
{system, service, information}
The Company's revenue and operating results may fluctuate significantly from quarter to quarter, and fluctuations in operating results could cause its stock price to decline. The market in which the Company operates is competitive and actions by competitors could render its services less competitive, causing revenue and income to decline. The Company must continually enhance its services to meet the changing needs of its customers or face the possibility of losing future business to competitors. International business exposes the Company to various foreign statutory requirements, which could interfere with business or operations and could result in increased expenses and declining profitability. The Company is dependent on a limited number of key personnel, and the loss of these individuals could harm its competitive position and financial performance. If the Company fails to perform effectively on project engagements, its reputation, and therefore its competitive position and financial performance, could be harmed. Inability to protect intellectual property could harm the Company's competitive position and financial performance. The terms of the Company's debt contain a number of restrictive covenants, which could restrict the Company's future flexibility and which, if breached, could result in acceleration of amounts owed, if any. "Safe Harbor" Statement Under The Private Securities Litigation Reform Act:

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