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HOUSE_OVERSIGHT_024479

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skilled personnel could limit the ability of the Company to increase sales of existing products and services and launch new product offerings. 6.1.4 The Company has significant leverage, and expects to incur additional debt, which could result in adverse effects on its financial condition The Company has significant leverage and expects to incur additional debt in connection with the acquisition and operation of its businesses. Although the Company intends to use leverage in a manner it believes to be prudent, the leveraged capital structure the Company plans to utilize may significantly increase the Company's exposure to adverse economic factors such as rising interest rates, downturns in the economy or deteriorations in the condition of the businesses or their respective industries. If a business cannot generate adequate cash flow to meet debt obligations, the Company may suffer a partial or total loss of capital invested in such business. The Company's ability to service its substantial indebtedness, and meet its other obligations depends on its future performance, which will be affected by financial, business, economic and other factors, many of which are outside the Company's conirol. The Company cannot be certain that its cash flow will be sufficient for such purposes. If the Company does not have enough liquidity, it may be required to refinance all or part of its existing debt, sell assets or borrow more money. The Company cannot guarantee that it will be able tc do so on favorable terms, if at all. In addition, the terms of existing or future debt agreements, may restrict the Company from pursuing any of these alternatives. The substantial level of indebtedness incurred by the Company may have the following consequences of potential concern to investors in the Company: e The Company must use a substantial portion of its cash flow from operations to pay interest and principal on its indebtedness, which reduces the funds available for other business purposes

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