935066--3/28/2008--SHELLS_SEAFOOD_RESTAURANTS_INC

related topics
{operation, natural, condition}
{tax, income, asset}
{product, liability, claim}
{competitive, industry, competition}
{cost, regulation, environmental}
{cost, contract, operation}
{provision, law, control}
{loan, real, estate}
{interest, director, officer}
{property, intellectual, protect}
{debt, indebtedness, cash}
{personnel, key, retain}
{control, financial, internal}
{customer, product, revenue}
{stock, price, share}
{operation, international, foreign}
{loss, insurance, financial}
We have continuing capital requirements and a history of losses. Our independent registered public accounting firm has indicated substantial doubt about our ability to continue as a going concern. We may be unable to repay certain of our debts when they mature Our ability to use net operating loss carryforwards and general business credits to reduce future tax payments may be further limited if there are additional changes in ownership of Shells Our ability to use net operating loss carryforwards and general business credits to reduce future tax payments may be further limited if there are additional changes in ownership of Shells Substantial dilution to our stockholders is possible Control is concentrated among a few individuals We depend on key personnel. Operating results may require the closure of additional restaurants Our operating results fluctuate seasonally because of our geographic concentration in Florida. Future hurricanes may be a risk to us. Revenue from international operations may not be realized. The supply and quality of our seafood may fluctuate. Food borne illness may occur in the market place, or to us specifically. Our expenses for food commodity costs fluctuate. Our industry is highly competitive. Many factors affect our industry. Our insurance coverage may not be adequate. We face risks associated with government regulation. We may have liability for sales of alcoholic beverages. We may not be able to protect our service marks and proprietary information. Provisions with Potential Anti-Takeover Effect.

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