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XIDE » Topics » The Company is subject to regulation of its international operations that could adversely affect its business and results of operations.This excerpt taken from the XIDE 10-K filed Jun 4, 2009. The
Company is subject to regulation of its international operations
that could adversely affect its business and results of
operations.
Due to the Company’s global operations, it is subject to
many laws governing international relations, including those
that prohibit improper payments to government officials and
restrict where it can do business, what information or products
it can supply to certain countries and what information it can
provide to a
non-U.S. government,
including but not limited to the Foreign Corrupt Practices Act
and the U.S. Export Administration Act. Violations of these
laws, which are complex and often times difficult to interpret
and apply, may result in severe criminal penalties or sanctions
that could have a material adverse effect on the Company’s
business, financial condition and results of operations.
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