Forward-looking statements

Notice to Investors, Prospective Investors and the Investment Community; Cautionary Information Regarding Forward-Looking Statements

Certain matters we discuss in our public statements may constitute forward-looking statements. You can identify forward-looking statements because they contain words such as "believes," "expects," "may," "will," "should," "seeks," "intends," "plans," "estimates," or "anticipates" or similar expressions which concern our strategy, plans, projections or intentions. Examples of forward-looking statements include, but are not limited to, all statements we make relating to revenue, earnings before net interest expense, income taxes, depreciation, and amortization (EBITDA), earnings, margins, growth rates, and other financial results for future periods. By their nature, forward-looking statements speak only as of the date they are made; are not statements of historical fact or guarantees of future performance; and are subject to risks, uncertainties, assumptions or changes in circumstances that are difficult to predict or quantify. Actual results could differ materially and adversely from our forward-looking statements due to a variety of factors, including the following:

(1) adverse impacts from global economic, political, and other conditions affecting trends in consumer, business, and government spending;

(2) our ability to anticipate and respond to changing industry trends, including technological changes and increasing competition;

(3) our ability to successfully renew existing client contracts on favorable terms and obtain new clients;

(4) our ability to prevent a material breach of security of any of our systems;

(5) our ability to implement and improve processing systems to provide new products, improve functionality, and increase efficiencies;

(6) the successful management of our merchant alliance program which involves several alliances not under our sole control and each of which acts independently of the others;

(7) our successful management of credit and fraud risks in our business units and merchant alliances, particularly in the context of eCommerce and mobile markets;

(8) consolidation among financial institution clients or other client groups that impacts our client relationships;

(9) our ability to use our net operating losses without restriction to offset income for US tax purposes;

(10) our ability to improve our profitability and maintain flexibility in our capital resources through the implementation of cost savings initiatives;

(11) the acquisition or disposition of a material business or assets;

(12) our ability to successfully value and integrate acquired businesses;

(13) our high degree of leverage;

(14) adverse impacts from currency exchange rates or currency controls imposed by any government or otherwise;

(15) changes in the interest rate environment that increase interest on our borrowings or the interest rate at which we can refinance our borrowings;

(16) the impact of new or changes in current laws, regulations, credit card association rules, or other industry standards; and

(17) new lawsuits, investigations, or proceedings, or changes to our potential exposure in connection with pending lawsuits, investigations or proceedings, and various other factors set forth in our Annual Report on Form 10-K.

Except as required by law, we do not intend to revise or update any forward-looking statement as a result of new information, future developments or otherwise.