HANS » Topics » Current economic conditions may adversely affect our industry, business and results of operations.

This excerpt taken from the HANS 10-Q filed Nov 10, 2008.

Current economic conditions may adversely affect our industry, business and results of operations.

 

The United States economy is currently undergoing a period of slowdown and unprecedented volatility, which some observers view as a possible recession, and the future economic environment may continue to be less favorable than that of recent years. In addition, recent disruptions in national and international credit markets have lead to a scarcity of credit, tighter lending standards and higher interest rates on business loans. A prolonged economic downturn or a continuing scarcity of credit could adversely affect the financial condition and/or levels of business activity and/or purchasing habits of our customers and/or consumers. This may in turn have a corresponding negative impact on our sales and revenues, and therefore harm our business and results of operations.

 

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