CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This Semi-Annual Report contains forward-looking statements. Forward-looking statements include all statements that are not historical statements of fact and statements regarding, but not limited to, our expectations, hopes, beliefs, intention or strategies of regarding the future. You can identify these statements by forward-looking words such as “may,” “expect,” “predict,” “potential,” “anticipate,” “contemplate,” “believe,” “estimate,” “intend,” “plan,” “future,” “outlook,” “project,” “will,” “would” and “continue” or similar words. You should read statements that contain these words carefully because they:
| ● | discuss future expectations; |
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| ● | contain projections of future results of operations or financial condition; or |
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| ● | state other “forward-looking” information. |
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We believe it is important to communicate our expectations to our security holders. However, there may be events in the future that we are not able to predict accurately or over which we have no control. The risk factors and cautionary language discussed in this Semi-Annual Report provide examples of risks, uncertainties and events that may cause actual results to differ materially from the expectations described by us in such forward-looking statements, including among other things:
| ● | changes adversely affecting the business in which we are engaged; |
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| ● | our projected financial information, anticipated growth rate, profitability and market opportunity may not be an indication of our actual results or our future results; |
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| ● | the impact of public health crises on our business; |
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| ● | our ability to safeguard the value, recognition and reputation of our brands and to identify and respond to new and changing customer preferences; |
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| ● | the ability and desire of consumers to shop; |
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| ● | our ability to successfully implement our business strategies and plans; |
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| ● | our ability to effectively manage our advertising and marketing expenses and achieve the desired impact; |
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| ● | our ability to accurately forecast consumer demand; |
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| ● | high levels of competition in the personal luxury products market; |
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| ● | disruptions to our distribution facilities or our distribution partners; |
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| ● | our ability to attract and retain qualified employees and preserve craftmanship skills; |
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| ● | our ability to develop and maintain effective internal controls; |
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| ● | our ability to negotiate, maintain or renew our license agreements; |
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| ● | our ability to protect our intellectual property rights; |
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| ● | general economic conditions; |
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| ● | the result of future financing efforts; and |
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In addition, statements that “we believe” and other similar statements reflect our belief and opinions on the relevant subject. These statements are based upon information available to us as of the date of this Semi-Annual Report, and while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherent uncertain and investors are cautioned not to unduly rely upon these statements.
The foregoing factors should not be construed as exhaustive and should be read together with the other cautionary statements included in this Semi-Annual Report. All forward-looking statements included herein are expressly qualified in their entirety by the cautionary statements contained or referred to in this section as well as any other cautionary statements contained herein. Except to the extent required by applicable laws and regulations, we undertake no obligation to update these forward-looking statements to reflect events or circumstances after the date of this Semi-Annual Report or to reflect the occurrence of unanticipated events. In light of these risks and uncertainties, you should keep in mind that any event described in a forward-looking statement made in this Semi-Annual Report or elsewhere might not occur.
