VALLEY NATIONAL GASES (VLG)

 

This report includes statements that are forward-looking as that term is defined by the Private Securities Litigation and Reform Act of 1995 or by the Securities and Exchange Commission in its rules, regulations and releases, including statements regarding Valley’s ability to identify attractive acquisition targets and to successfully acquire new businesses and assimilate the operations of those businesses into its operations, its ability to finance such acquisitions, its ability to meet its covenant requirements under its credit facility, its ability to secure alternative sources of supply if needed, its ability to maintain its supply of propane, its ability to meet increased demand for specialty gas products, the effect of product liability or other claims on Valley’s results of operations or financial condition, the trend towards and cost impacts of consolidation in the industry and the industry’s general resistance to downturns in the business cycle. Valley intends that such forward-looking statements be afforded the protections provided by the safe harbor created by the Private Securities Litigation and Reform Act of 1995.

 

All forward-looking statements are based upon current expectations regarding important factors. Accordingly, actual results may differ materially from those expressed in the forward-looking statements and the making of such statements should not be regarded as a representation by Valley or any other person that the results expressed will be achieved. Important risk factors that may affect Valley’s ability to achieve the results expressed in the forward-looking statements include, but are not limited to, Valley’s ability to (i) accurately identify attractive acquisition targets and make accurate predictions regarding the performance of those businesses if integrated into Valley’s operations, (ii) successfully negotiate agreements for the acquisition of those businesses, (iii) integrate the operations of the acquired businesses as anticipated, (iv) secure financing necessary to make acquisitions, including maintaining and/or expanding its line of credit, maintaining compliance with covenants, negotiating seller financing, or securing other financing methods, (v) manage rapid growth, (vi) effectively compete, (vii) attract and retain key personnel and (viii) maintain good relationships with suppliers and locate alternative suppliers if needed. In addition, Valley’s ability to achieve the results expressed by the forward-looking statements may be affected by litigation or other claims arising out of accidents involving Valley’s products, changes in the economy, monetary or fiscal policies, changes in laws and regulations affecting Valley’s business, inflation and fluctuations in interest rates, as well as various other factors some of which are described under the section entitled “Risk Factors at the end of Item 7 of this report. These forward looking statements speak only as of the date of this report. We undertake no obligation to revise or update publicly any forward looking statement for any reason.