914536--3/3/2010--SFN_Group

related topics

{system, service, information}

{financial, litigation, operation}

{personnel, key, retain}

{regulation, change, law}

{condition, economic, financial}

{cost, operation, labor}

{competitive, industry, competition}

{regulation, government, change}

{debt, indebtedness, cash}

{operation, international, foreign}

{cost, regulation, environmental}

{customer, product, revenue}

We operate in highly competitive markets with low barriers to entry, and may be unable to compete successfully against existing or new competitors. If the current economic downturn continues for a significant period or there is deterioration in the economy, we could experience lower demand from customers and lower revenues. Government regulation may significantly increase our costs, including payroll-related costs and unemployment taxes. Providing our services through third-party vendor managers may expose us to financial losses. A loss of customers may result in a material impact on the results of our operations. Market conditions and failure to meet certain covenant requirements could impact our availability to borrow under our revolving line of credit and the cost of our borrowings. We may not achieve the intended effects of our business strategy Our customer contracts contain termination provisions and pricing risks that could decrease our revenues, profitability and cash flow. Our failure or inability to perform under customer contracts could result in damage to our reputation and give rise to legal claims against us. Acquisitions could have a material adverse effect on our financial condition, results of operation, and cash flows. We may experience business interruptions that could have an adverse affect on our operations. We are dependent upon availability of qualified personnel, and may not be able to attract and retain sufficient numbers of qualified personnel necessary to succeed. Regulatory challenges to our tax filing positions could result in additional taxes. We may lose key personnel, and therefore, our business may suffer. We may be exposed to employment-related claims and costs that could have a material adverse affect on our business, financial condition and results of operations. We are a defendant in a variety of litigation and other actions from time to time, which may have a material adverse effect on our business, financial condition and results of operations. We are subject to business risks associated with operations in Canada, which could make this operation significantly more costly.

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914536--3/3/2010--SFN_Group_Inc.