EVOL » Topics » We are subject to financial and operating risks associated with international sales and services.

This excerpt taken from the EVOL 10-K filed Mar 24, 2006.

We are subject to financial and operating risks associated with international sales and services.

        Historically sales of our products have been limited to customers in the United States. Prior to our acquisition of Evolving Systems U.K. in late 2004, our only international operational experience was with our Indian offshore activities. The acquisition of Evolving Systems U.K. resulted in the addition of significant sales and operations outside the United States, including Europe, Asia and Africa. Our

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failure to manage our sales and operations on a global basis could harm our business and operating results. Our international business is subject to financial and operating risks including:

    unexpected changes in, or impositions of, legislative or regulatory requirements;

    difficulties in maintaining effective controls over financial reporting across geographically dispersed entities, including those related to different business practices in foreign countries;

    internal control-related risks of running foreign subsidiaries;

    changes in the demand for our products and services due to the perception that we are an "American" company in countries where the United States' foreign policy is not viewed favorably;

    fluctuating foreign currency exchange rates, tariffs, currency repatriation restrictions and other barriers;

    difficulties in staffing and managing foreign subsidiary operations;

    import or export restrictions;

    greater difficulties in accounts receivable collection and longer payment cycles;

    potentially adverse tax consequences and additional tax considerations such as foreign withholding taxes and payment of value added tax (VAT);

    potential hostilities and changes in diplomatic and trade relationships;

    changes in a country's economic or political conditions; and

    differing customer and/or technology standards requirements.
This excerpt taken from the EVOL 10-Q filed Nov 14, 2005.

We are subject to financial and operating risks associated with international sales and services.

 

Historically sales of our products have been limited to customers in the United States. Prior to our acquisition of Tertio, our only international operational experience was with our Indian offshore activities. The acquisition of Tertio resulted in the addition of significant sales and operations outside the United States, including Europe, Asia and Africa. If we are unable to manage our sales and operations on a global basis, our financial condition or results of operations could be materially adversely affected.  Our international business is subject to financial and operating risks including:

 

                  unexpected changes in, or impositions of, legislative or regulatory requirements;

 

                  difficulties in maintaining effective controls over financial reporting across geographically dispersed entities, including those related to different business practices in foreign countries;

 

                  internal control-related risks of running a foreign subsidiary;

 

                  changes in the demand for our products and services due to the perception that we are an “American” company in countries where the United States’ foreign policy is not viewed favorably;

 

                  fluctuating exchange rates, tariffs, currency repatriation restrictions and other barriers;

 

                  difficulties in staffing and managing foreign subsidiary operations;

 

                  import or export restrictions;

 

                  greater difficulties in accounts receivable collection and longer payment cycles;

 

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                  potentially adverse tax consequences and additional tax considerations such as foreign withholding taxes and payment of value added tax (VAT);

 

                  potential hostilities and changes in diplomatic and trade relationships;

 

                  changes in a country’s economic or political conditions; and

 

                  differing customer and/or technology standards requirements.

 

This excerpt taken from the EVOL 10-Q filed Aug 12, 2005.

We are subject to financial and operating risks associated with international sales and services.

 

Historically sales of our products have been limited to customers in the United States. Our only international operational experience has been with our Indian offshore development subsidiary. The acquisition of Tertio resulted in the addition of significant sales and operations outside the United States, including Europe, Asia and Africa. If we are unable to manage our sales and operations on a global basis, our financial condition or results of operations could be materially adversely affected.  Our international business is subject to financial and operating risks including:

 

                  unexpected changes in, or impositions of, legislative or regulatory requirements;

 

                  difficulties in maintaining effective controls over financial reporting across geographically dispersed entities, including those related to different business practices in foreign countries;

 

                  internal control-related risks of running a foreign subsidiary;

 

                  changes in the demand for our products and services due to the perception that we are an “American” company in countries where the United States’ foreign policy is not viewed favorably;

 

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                  fluctuating exchange rates, tariffs, currency repatriation restrictions and other barriers;

 

                  difficulties in staffing and managing foreign subsidiary operations;

 

                  import or export restrictions;

 

                  greater difficulties in accounts receivable collection and longer payment cycles;

 

                  potentially adverse tax consequences and additional tax considerations such as foreign withholding taxes and payment of value added tax (VAT);

 

                  potential hostilities and changes in diplomatic and trade relationships;

 

                  changes in a country’s economic or political conditions; and

 

                  differing customer and/or technology standards requirements.

 

This excerpt taken from the EVOL 10-Q filed May 16, 2005.

We are subject to financial and operating risks associated with international sales and services.

 

Historically sales of our products have been limited to customers in the United States. Our only international operational experience has been with our Indian offshore development subsidiary. The acquisition of Tertio resulted in the addition of significant sales and operations outside the United States, including Europe, Asia and Africa. If we are unable to manage our sales and operations on a global basis, our financial condition or results of operations could be materially adversely affected.  Our international business is subject to the financial and operating risks including:

 

 

unexpected changes in, or impositions of, legislative or regulatory requirements;

 

 

 

 

difficulties in maintaining effective controls over financial reporting across geographically dispersed entities, including those related to different business practices in foreign countries;

 

 

 

 

internal control related risks of operating a foreign subsidiary;

 

 

 

 

changes in demand of our products and services due to the perception that we are an “American” company in countries where the United States’ foreign policy is not viewed favorably;

 

fluctuating exchange rates, tariffs, currency repatriation restrictions and other barriers;

 

difficulties in staffing and managing foreign subsidiary operations;

 

import or export restrictions;

 

greater difficulties in accounts receivable collection and longer payment cycles;

 

potentially adverse tax consequences and additional tax considerations such as foreign withholding taxes and payment of value added tax (“VAT”);

 

potential hostilities and changes in diplomatic and trade relationships;

 

changes in a country’s economic or political conditions; and

 

differing customer and/or technology standards requirements.

 

This excerpt taken from the EVOL 10-K filed Mar 31, 2005.

We are subject to financial and operating risks associated with international sales and services.

        Historically sales of our products have been limited to customers in the United States. Our only international operational experience has been with our Indian offshore development subsidiary. The acquisition of Tertio resulted in the addition of significant sales and operations outside the United States, including Europe, Asia and Africa. If we are unable to manage our sales and operations on a global basis, our financial condition or results of operations could be materially adversely affected. Our international business is subject to the financial and operating risks including:

    unexpected changes in, or impositions of, legislative or regulatory requirements;

    difficulties in maintaining effective controls over financial reporting across geographically dispersed entities, including those related to different business practices in foreign countries;

    internal control related risks of running a foreign subsidiary;

    changes in demand of our products and services due to the perception that we are an "American" company in countries where the United States' foreign policy is not viewed favorably;

    fluctuating exchange rates, tariffs, currency repatriation restrictions and other barriers;

    difficulties in staffing and managing foreign subsidiary operations;

    import or export restrictions;

    greater difficulties in accounts receivable collection and longer payment cycles;

    potentially adverse tax consequences and additional tax considerations such as foreign withholding taxes and payment of value added tax ("VAT");

    potential hostilities and changes in diplomatic and trade relationships;

    changes in a country's economic or political conditions; and

    differing customer and/or technology standards requirements.
This excerpt taken from the EVOL DEF 14A filed Mar 31, 2005.

We are subject to financial and operating risks associated with international sales and services.

        Historically sales of our products have been limited to customers in the United States. Our only international operational experience has been with our Indian offshore development subsidiary. The acquisition of Tertio resulted in the addition of significant sales and operations outside the United States, including Europe, Asia and Africa. If we are unable to manage our sales and operations on a global basis, our financial condition or results of operations could be materially adversely affected. Our international business is subject to the financial and operating risks including:

    unexpected changes in, or impositions of, legislative or regulatory requirements;

    difficulties in maintaining effective controls over financial reporting across geographically dispersed entities, including those related to different business practices in foreign countries;

    internal control related risks of running a foreign subsidiary;

    changes in demand of our products and services due to the perception that we are an "American" company in countries where the United States' foreign policy is not viewed favorably;

    fluctuating exchange rates, tariffs, currency repatriation restrictions and other barriers;

    difficulties in staffing and managing foreign subsidiary operations;

    import or export restrictions;

    greater difficulties in accounts receivable collection and longer payment cycles;

    potentially adverse tax consequences and additional tax considerations such as foreign withholding taxes and payment of value added tax ("VAT");

    potential hostilities and changes in diplomatic and trade relationships;

    changes in a country's economic or political conditions; and

    differing customer and/or technology standards requirements.
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