Management's Discussion and Analysis of
Financial Condition and Results of Operations
IMPORTANT FACTORS REGARDING FORWARD-LOOKING STATEMENTS
Some of the information presented in this report constitutes
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. Although the Company believes that its
expectations are based on reasonable assumptions within the bounds of
its knowledge of its business and operations, there can be no assurance
that actual results of the Company's operations will not differ
materially from its expectations. Factors that could cause actual
results or future events to differ include: inability of the Company to
successfully identify and execute strategic transaction(s) that create
shareholder value; inability to complete divestitures of the delivery
business, the cleaning supplies business or other operations on
acceptable terms and on the desired timetable, or at all, or to realize
the expected operating and financial benefits of the divestitures;
inability to achieve the expected cost reductions and other operating
benefits relating to the restructuring plan; inability to successfully
integrate acquisitions; inability to realize growth from sales
initiatives and increase profitability of the core business and to
successfully develop and implement the Corporate Supplier plans; and
deterioration in general economic conditions and the corresponding
impact on revenues; uncertainties related to legislation with respect to
independent contract drivers; uncertainties related to the Company's
systems and proprietary software; uncertainties related to Year 2000
compliance, particularly with respect to third party readiness; and
uncertainties related to competition and to the demand for the products
and services offered by the Company.