GVHR » Topics » Geographic Market Concentration

These excerpts taken from the GVHR 10-K filed Mar 16, 2009.

Geographic Market Concentration

 

As of December 31, 2008, the Company had offices in 13 states and client employees in all 50 states and the District of Columbia. The Company’s billings to Florida clients accounted for approximately 56%, 50% and 56% of the Company’s total client billings in 2008, 2007 and 2006, respectively. As a result of the size of the Company’s base of client employees in Florida, the Company’s profitability over the next several years is expected to be largely dependent on economic and regulatory conditions in Florida. Any adverse change in either of these conditions could have a material adverse effect on the Company’s future profitability and growth prospects.

 

Geographic Market Concentration



 



As of December 31, 2008, the Company had offices in 13 states
and client employees in all 50 states and the District of Columbia. The
Company’s billings to Florida clients accounted for approximately 56%, 50% and
56% of the Company’s total client billings in 2008, 2007 and 2006,
respectively. As a result of the size of the Company’s base of client employees
in Florida, the Company’s profitability over the next several years is expected
to be largely dependent on economic and regulatory conditions in Florida. Any
adverse change in either of these conditions could have a material adverse
effect on the Company’s future profitability and growth prospects.



 



Geographic Market Concentration



 



As of December 31, 2008, the Company had offices in 13 states
and client employees in all 50 states and the District of Columbia. The
Company’s billings to Florida clients accounted for approximately 56%, 50% and
56% of the Company’s total client billings in 2008, 2007 and 2006,
respectively. As a result of the size of the Company’s base of client employees
in Florida, the Company’s profitability over the next several years is expected
to be largely dependent on economic and regulatory conditions in Florida. Any
adverse change in either of these conditions could have a material adverse
effect on the Company’s future profitability and growth prospects.



 



EXCERPTS ON THIS PAGE:

10-K (3 sections)
Mar 16, 2009
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