948072--4/1/2010--BIRNER_DENTAL_MANAGEMENT_SERVICES

related topics

{regulation, government, change}

{acquisition, growth, future}

{stock, price, share}

{cost, regulation, environmental}

{investment, property, distribution}

{personnel, key, retain}

{financial, litigation, operation}

{debt, indebtedness, cash}

{property, intellectual, protect}

{product, market, service}

{control, financial, internal}

{condition, economic, financial}

{tax, income, asset}

{loan, real, estate}

{operation, international, foreign}

{stock, price, operating}

General economic conditions and other factors outside of the Company s control may affect the Company s stock price and results of operations. The Company s operations and growth strategy place significant demands on management. The Company is heavily dependent upon the recruitment and retention of dentists and other personnel. The Company is not the owner of the P.C.s and is heavily dependent on its affiliated dentists and management agreements. The Company operates in a competitive market, which may reduce gross profit margins and market share The Company is exposed to uncertainty and risks associated with de novo Office development The Company may need additional capital and there is no guarantee additional financing would be available. The Company s ability to pay dividends is restricted by several factors. The Company is subject to federal, state and other laws and regulations that could give rise to substantial liabilities or otherwise adversely affect its cost, manner or feasibility of doing business. Regulatory uncertainties could adversely affect the Company s business and operations. The Company s failure to effectively evaluate and integrate acquisitions may have negative effects on the Company s results of operations and financial condition. The health care industry s cost-containment initiatives may reduce per patient profit margins. A portion of the Company s revenue is derived from capitated payment arrangements, which have terms that may adversely affect the Company s results of operations and financial condition. If federal or state regulations change to require licensure, the Company s business model may be adversely affected. The Company may see increased costs or lower revenue arising from health care reform The substantial value of its intangible assets may impair the Company s results of operations and financial condition. Professional liability may produce unforeseen expenses and lower operating results. Non-competition covenants and other arrangements with the Company s affiliated dentists may not be enforceable. Seasonality could affect revenue during the latter part of the fiscal year. The Company relies on a single bank for its Credit Facility, and the Credit Facility contains financial and other covenants that may limit its flexibility. The Company s inability or failure to protect its intellectual property could have a negative impact on its operating results. Events or rumors relating to the Company s brand names could significantly impact its business. If the Company fails to establish and maintain proper and effective internal controls, the Company s ability to produce accurate financial statements on a timely basis could be impaired, which would adversely affect its operating results, financial condition and stock price. The restatement of the consolidated statements of income has subjected the Company to significant costs and additional risks and uncertainties. Nasdaq has stock market listing standards for share prices and market capitalization, and failure to comply with the standards may result in the Company being de-listed from Nasdaq.

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948072--4/1/2010--BIRNER_DENTAL_MANAGEMENT_SERVICES_INC