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ICON Press Release |
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Disclaimers, Warrantees, and User Agreement Provisions1
Disclaimers & Safe
Harbor
Summary disclaimer.
This publication ("Report") does not constitute legal,
valuation, tax, or financial consulting advice. Nor is it a
statement on the performance, management
capability or future potential (good or bad) of the company(ies),
industry(ies), product(s), region(s) or country(ies) discussed.
It is offered as an information service to clients,
associates, and academicians. Those interested in specific guidance
for legal, strategic, and/or financial or accounting matters should
seek competent professional assistance from their own advisors. Information was furnished to ICON Group International, Inc. ("ICON Group"),
by its internal researchers and/or extracted from public
filings, or sources available within the public domain, including
other information providers (e.g. EDGAR filing). ICON Group does not promise or warrant that we will obtain
information from any particular third party or independent source.
Published regularly by ICON Group, this and similar reports provide
analysis on countries, industries, and/or foreign and domestic
companies which may or may not be publicly traded. ICON Group
reports are used by various companies and persons including
consulting firms, investment officers, pension fund managers,
registered representatives, and other financial service
professionals. Any commentary, observations or discussion by ICON
Group about a country, industry or company does not constitute a
recommendation to buy or sell company shares or make investment
decisions. Further, the
financial condition or outlook for each industry, country, or
company may change after the date of publication, and ICON Group
does not warrant, promise or represent that it will provide report
users with notice of that change, nor will ICON Group promise
updates on the information presented. Safe
Harbor for Forward-Looking Statements.
ICON Group reports, including the present report, make
numerous forward-looking statements which should be treated as such.
Forward-looking statements are made pursuant to the safe
harbor provisions of the Private Securities Reform Act of 1995 and
similar local laws. Forward-looking statements involve known and
unknown risks and uncertainties, which may cause a company's,
country's or industry's actual results or outlook in future periods
to differ materially from those forecasted. These risks and
uncertainties include, among other things, product price volatility,
exchange rate volatility, regulation volatility, product
demand volatility, data inaccuracies, computer- or
software-generated calculation inaccuracies, market competition,
changes in management style, changes in corporate strategy, and
risks inherent in international and corporate operations.
Forward-looking statements can be identified in statements by the
fact that they do not relate strictly to historical or current
facts. They use words such as: "suggest,"
"anticipate,'' "estimate," "expect,''
"project,'' "intend,'' "plan,'' "feel,"
"think," "hear," "guess,"
"forecast," "believe," and other words
and terms of similar meaning in connection with any discussion of
future operating, economic or financial performance.
This equally applies to all statements relating to an
industry, country, economic variable or company financial situation.
ICON Group recommends that the reader follow the advice of
Nancy M. Smith, Director of SEC's Office of Investor Education and
Assistance, who has been quoted to say, "Never, ever, make an
investment based solely on what you read in an online newsletter or
Internet bulletin board, especially if the investment involves a
small, thinly-traded company that isn't well known … Assume that
the information about these companies is not trustworthy unless you
can prove otherwise through your own independent research."
Similar recommendations apply to decisions relating to
industry studies, product category studies, corporate strategies
discussions and countries' evaluations.
In the case of ICON Group reports, many factors can affect
the actual outcome of the period discussed, including exchange rate
volatility, changes in accounting standards, the lack of oversight
or comparability in accounting standards, changes in economic
conditions, changes in competition, changes in the global economy,
changes in source data quality, changes in reported data quality,
changes in methodology, changes in market volatility or valuations
and similar factors. Information Accuracy. Although the statements in this report are derived from or based upon various information sources and/or econometric models that ICON Group believes to be reliable, we do not guarantee their accuracy, reliability, or quality, and any such information, or resulting analyses, may be incomplete, rounded, inaccurate or condensed. All estimates included in this report are subject to change without notice. This report is for informational purposes only and is not intended as a recommendation to invest in a country, industry or product area, or an offer or solicitation with respect to the purchase or sale of a security, stock, or financial instrument. This report does not take into account the investment objectives, financial situation or particular needs of any particular person or legal entity. With respect to any specific company or industry that might be discussed in this report, investors should obtain individual financial advice based on their own particular circumstances before making an investment decision on the basis of the information in this report. Investing in either U.S. or non-U.S. securities entails inherent risks. In addition, exchange rate movements may have an effect on the reliability of the estimates provided in this report. ICON Group is a Registered Investment Adviser. 2
ICON Group User Agreement
Provisions
Ownership.
User agrees that ICON Group
International, Inc. ("ICON Group") retains all
rights, title and interests, including copyright and other
proprietary rights, in this report and all material, including but
not limited to text, images, and other multimedia data, provided or
made available as part of this report ("Report"). Restrictions
on Use. User agrees not to copy nor license, sell, transfer,
make available or otherwise distribute the Report to any entity or
person, except in the cases that User may (a) make available to its
employees electronic copies of Report, (b) allow its employees to
store, manipulate, and reformat Report, and (c) allow its employees
to make paper copies of Report, provided that such electronic and
paper copies are used solely internally and are not distributed to
third parties. In all
cases the User agrees to fully inform and distribute to other
internal users all discussions covering the methodology of this
Report and the disclaimers and caveats associated with this Report.
User shall use its best efforts to stop any unauthorized copying or
distribution immediately after such unauthorized use becomes known.
The provisions of this paragraph are for the benefit of ICON Group
and its information resellers, each of which shall have the right to
enforce its rights hereunder directly and on its own behalf. No Warranty.
The Report is provided on an "AS IS" basis. ICON Group
DISCLAIMS ANY AND ALL WARRANTIES, INCLUDING BUT NOT LIMITED TO THE
IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR
PURPOSE, RELATING TO THIS AGREEMENT, PERFORMANCE UNDER THIS
AGREEMENT, THE REPORT. ICON Group makes no warranties regarding the
completeness, accuracy or availability of the Report. Limitation of
Liability. In no event shall ICON Group, its employees or its
agent, authors, consultants, resellers or distributors be liable to
User or any other person or entity for any direct, indirect,
special, exemplary, punitive, or consequential damages, including
lost profits based on breach of warranty, contract, negligence,
strict liability or otherwise, arising from the use of the report or
under this Agreement or any performance under this Agreement,
whether or not they or it had any knowledge, actual or constructive,
that such damages might be incurred. Indemnification. User shall indemnify and hold harmless ICON Group and its resellers, distributors and information providers against any claim, damages, loss, liability or expense arising out of User's use of the Report in any way contrary to this Agreement. 3
Financial Glossaries: Bibliography
The definitions of financial terms used in the previous chapters were written to reflect generally accepted definitions than apply across countries and companies. Should the reader wish to seek more detailed definitions, they are referred to the following texts and internet web sites: Glossary
Web Sites
Text
References ·
Gibson,
Charles H., Financial Statement Analysis: Using Financial
Accounting Information, South-Western College Publishing
(Cincinnati, Ohio 1988). ·
Hawkins,
David F., Corporate Financial Reporting: Text and Cases,
Richard D. Irwin, Inc., Homewood, Ill. 1977. ·
Levine,
Sumner N. and Levine, Caroline (Eds.), The 1989 Dow Jones-Irwin
Business and Investment Almanac, Dow Jones-Irwin, Homewood, Ill. ·
Levine,
Sumner N. and Levine, Caroline (Eds.), The Irwin Business and
Investment Almanac 1994, Irwin Professional Publishing, New
York, NY. ·
Office
of Financial Management, State of Washington, Policies,
Regulations and Procedures Manual (http://www.ofm.wa.gov/policybc/glossary.htm). ·
RMA,
Annual Statement Studies 1998-1999, RMA, Philadelphia, PA. ·
Troy,
Leo, Almanac of Business and Industrial Financial Ratios (1997),
Prentice Hall, Englewood Cliffs, NJ. © ICON Group International, Inc.,
. All rights reserved. Any unauthorized use, duplication
or disclosure is prohibited by law and will result in prosecution.
Text, graphics, and HTML or other computer code are protected by US
and International Copyright Laws, and may not be copied, reprinted,
published, translated, hosted, or otherwise distributed by any means
without explicit permission. Permission
is granted to quote small portions of this report with proper
attribution. Media quotations with source attributions are
encouraged. Reporters requesting additional information, editorial
comments or special requests should contact ICON Group via email at
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