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This document contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995,
particularly statements anticipating future growth in revenues, Operating Income (Loss) before Depreciation and Amortization, cash provided by
operating activities and other financial measures. Words such as “anticipates,” “estimates,” “expects,” “projects,” “intends,” “plans,” “believes”
and words and terms of similar substance used in connection with any discussion of future operating or financial performance identify forwardlooking
statements. These forward-looking statements are based on management’s current expectations and beliefs about future events. As with
any projection or forecast, they are inherently susceptible to uncertainty and changes in circumstances, and the Company is under no obligation
to, and expressly disclaims any obligation to, update or alter its forward-looking statements whether as a result of such changes, new
information, subsequent events or otherwise.
Various factors could adversely affect the operations, business or financial results of TWC in the future and cause TWC’s actual results to
differ materially from those contained in the forward-looking statements, including those factors discussed in detail in Item 1A, “Risk Factors,”
in the 2008 Form 10-K, and in TWC’s other filings made from time to time with the SEC after the date of this report. In addition, the Company
operates in a highly competitive, consumer and technology-driven and rapidly changing business. The Company’s business is affected by
government regulation, economic, strategic, political and social conditions, consumer response to new and existing products and services,
technological developments and, particularly in view of new technologies, its continued ability to protect and secure any necessary intellectual
property rights. TWC’s actual results could differ materially from management’s expectations because of changes in such factors.
Further, lower than expected valuations associated with the Company’s cash flows and revenues may result in the Company’s inability to
realize the value of recorded intangibles and goodwill. Additionally, achieving the Company’s financial objectives could be adversely affected
by the factors discussed in detail in Item 1A, “Risk Factors,” in the 2008 Form 10-K, as well as:
- a longer than anticipated continuation of the current economic slowdown or further deterioration in the economy
- any reduction in the Company’s ability to access the capital markets for debt securities or bank financings, including as a result of
current liquidity issues affecting the capital markets;
- the impact of terrorist acts and hostilities;
- changes in the Company’s plans, strategies and intentions;
- the impacts of significant acquisitions, dispositions and other similar transactions; and
- the failure to meet earnings expectations.
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