914537--3/31/2008--BRAZIL_FAST_FOOD

related topics

{operation, international, foreign}

{stock, price, operating}

{stock, price, share}

{competitive, industry, competition}

{personnel, key, retain}

{regulation, government, change}

{cost, regulation, environmental}

{investment, property, distribution}

Risks Relating to Our Operations Our success depends on our ability to efficiently compete in the food service industry. Our future success is dependent upon the success and expansion of our franchise program. We are subject to extensive regulatory requirements applicable to the food service industry. Our business are subject to changes in Brazil s economy. Our business may be affected by political and constitutional uncertainty in Brazil. Controls on foreign investments may limit our ability to receive capital from our Brazilian operating subsidiary. Risks Related to Our Common Stock Our common stock has been delisted from The Nasdaq SmallCap Market. Risks Related to Past Due Fiscal Obligations of VENDEX Past due fiscal obligations of VENDEX.

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914537--3/31/2008--BRAZIL_FAST_FOOD_CORP