SBAC » Topics » Special Note Regarding Forward Looking Statements

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

Special Note Regarding Forward Looking Statements

This annual report contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements concern expectations, beliefs, projections, plans, and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. Specifically, this annual report contains forward-looking statements regarding:

 

    our estimates regarding our liquidity, capital expenditures and sources of both, and our ability to fund operations and meet our obligations as they become due;

 

    our belief that we will experience continued long-term growth of our site leasing revenues due to increasing minutes of use and network coverage and capacity requirements;

 

    our strategy to focus our business on the site leasing business, and the consequential shift in our revenue stream and gross profits from project driven revenues to recurring revenues, predictable operating costs and minimal capital expenditures;

 

    our belief that focusing our site leasing activities in the Eastern third of the United States will improve our operating efficiencies, reduce overhead expenses and procure higher revenue per tower;

 

    our expectation of growing our cash flows by using existing tower capacity or requiring carriers to bear all or a portion of the cost of tower modifications;

 

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    our belief that our towers have significant capacity to accommodate additional tenants and increased use of our towers can be achieved at a low incremental cost;

 

    our intention to selectively invest in new tower builds and/or tower acquisitions and to fund such new tower builds and/or acquisitions in part from our cash flow from operating activities;

 

    our intent to purchase the land that underlies our towers if available at commercially reasonable prices;

 

    our expectations regarding our new build program and our intent to build 80 - 100 new towers in 2006;

 

    our intent that substantially all of our new builds will at least have one tenant upon completion and our expectation that some will have multiple tenants;

 

    our belief regarding our position to capture additional site leasing business in our markets and identify and participate in site development projects across our markets;

 

    our estimates regarding our annual debt service and cash interest requirements in 2006 and thereafter; and

 

    our estimates regarding cash savings in debt service and amortization payments in 2006 as a result of our debt refinancing activities and our intent to continue to reduce our interest expense.

These forward-looking statements reflect our current views about future events and are subject to risks, uncertainties and assumptions. We wish to caution readers that certain important factors may have affected and could in the future affect our actual results and could cause actual results to differ significantly from those expressed in any forward-looking statement. The most important factors that could prevent us from achieving our goals, and cause the assumptions underlying forward-looking statements and the actual results to differ materially from those expressed in or implied by those forward-looking statements include, but are not limited to, the following:

 

    our inability to sufficiently increase our revenues and maintain or decrease expenses and cash capital expenditures to permit us to fund operations and meet our obligations as they become due;

 

    our ability to further reduce our interest expense;

 

    the inability of our clients to access sufficient capital or their unwillingness to expend capital to fund network expansion or enhancements;

 

    our ability to continue to comply with covenants and the terms of our senior credit facility and to access sufficient capital to fund our operations;

 

    our ability to secure as many site leasing tenants as planned;

 

    our ability to expand our site leasing business and maintain or expand our site development business;

 

    our ability to successfully build 80 - 100 new towers in 2006;

 

    our ability to successfully implement our strategy of having at least one tenant on each new build upon completion;

 

    our ability to successfully address zoning issues;

 

    our ability to retain current lessees on our towers;

 

    our ability to realize economies of scale from our tower portfolio; and

 

    the continued use of towers and dependence on outsourced site development services by the wireless communications industry.

We assume no responsibility for updating forward-looking statements contained in this Annual Report on Form 10-K.

 

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This excerpt taken from the SBAC 10-K filed Mar 16, 2005.

Special Note Regarding Forward Looking Statements

 

This annual report contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements concern expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. Specifically, this annual report contains forward-looking statements regarding:

 

    our estimates regarding our liquidity, capital expenditures and sources of both, and our ability to fund operations and meet our obligations as they become due;

 

    our ability to sell those towers accounted for in discontinued operations and the timing of such sales;

 

    our belief that we will experience continued long-term growth of our site leasing revenues due to increasing minutes of use and network coverage and capacity requirements;

 

    our strategy to focus our business on the site leasing business, and the consequential shift in our revenue stream and gross profits from project driven revenues to recurring revenues, predictable operating costs and minimal capital expenditures;

 

    our belief that focusing our site leasing activities in the Eastern third of the United States will improve our operating efficiencies, reduce overhead expenses and procure higher revenue per tower;

 

    our expectation of growing our cash flows by using existing tower capacity or requiring carriers to bear all or a portion of the cost of tower modifications;

 

    our belief that our towers have significant capacity to accommodate additional tenants and increased use of our towers can be achieved at a low incremental cost;

 

    our intention to selectively invest in new tower builds and/or tower acquisitions;

 

    our expectations regarding our new build program and our intent to build 50-75 new towers in 2005;

 

    our intent that each new build will at least have one tenant upon completion and our expectation that many will have multiple tenants;

 

    our belief regarding our position to capture additional site leasing business in our markets and identify and participate in site development projects across our markets;

 

    our estimates regarding our annual debt service and cash interest requirements in 2005 and thereafter; and

 

    our estimates regarding cash savings in debt service and amortization payments in 2005 as a result of our debt refinancing activities.

 

These forward-looking statements reflect our current views about future events and are subject to risks, uncertainties and assumptions. We wish to caution readers that certain important factors may have affected and could in the future affect our actual results and could cause actual results to differ significantly from those expressed in any forward-looking statement. The most important factors that could prevent us from achieving our goals, and cause the assumptions underlying forward-looking statements and the actual results to differ materially from those expressed in or implied by those forward-looking statements include, but are not limited to, the following:

 

    our inability to sufficiently increase our revenues and maintain or decrease expenses and cash capital expenditures to permit us to fund operations and meet our obligations as they become due;

 

    the inability of our clients to access sufficient capital or their unwillingness to expend capital to fund network expansion or enhancements;

 

    our ability to continue to comply with covenants and the terms of our senior credit facility and to access sufficient capital to fund our operations;

 

    our ability to secure as many site leasing tenants as planned;

 

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    our ability to expand our site leasing business and maintain or expand our site development business;

 

    our ability to successfully build 50-75 new towers in 2005;

 

    our ability to successfully implement our strategy of having at least one tenant on each new build upon completion;

 

    our ability to successfully address zoning issues;

 

    our ability to retain current lessees on our towers;

 

    the actual amount and timing of services rendered and revenues received under our contract with Sprint;

 

    our ability to realize economies of scale from our tower portfolio; and

 

    the continued use of towers and dependence on outsourced site development services by the wireless communications industry.

 

We assume no responsibility for updating forward-looking statements contained in this Annual Report on Form 10-K.

 

EXCERPTS ON THIS PAGE:

10-K
Mar 10, 2006
10-K
Mar 16, 2005
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