For American Railcar Industries, Inc. Investors:
Forward-looking statements in archived files are made pursuant to the provisions of Section 21E of the Securities Exchange Act of 1934. Investors are cautioned that statements in these files which are not strictly historical statements, including, without limitation, statements relating to the Company's financial condition, operating results and future economic performance, and management's expectations regarding future growth opportunities, product acceptance and business strategy, constitute forward-looking statements. These statements are based on current expectations, forecasts and assumptions that are subject to risks and uncertainties, which could cause actual outcomes and results to differ materially from those statements. Factors that could cause actual results to materially differ include, without limitation, the cyclical nature of the Company's business, adverse economic and market conditions, fluctuating costs of raw materials, including steel and railcar components, and delays in the delivery of such raw materials and components, the Company's ability to maintain relationships with its suppliers of railcar components and raw materials, fluctuations in the supply of components and raw materials the Company uses in railcar manufacturing, the highly competitive nature of the Company's industry, the risk of damage to the Company's primary railcar manufacturing facilities or equipment in Paragould or Marmaduke, Arkansas, the Company's reliance upon a small number of customers that represent a large percentage of the Company's revenues, the variable purchase patterns of the Company's railcar customers and the timing of completion, delivery and acceptance of customer orders, the Company's dependence on key personnel, the risks of labor shortage in light of the Company's recent growth, risks associated with the conversion of the Company's backlog into revenues, the risk of lack of acceptance of the Company's new railcar offerings by the Company's customers, the cost of complying with environmental laws and regulations, the costs associated with being a public company, the Company's relationship with Carl C. Icahn, the Company's principal beneficial stockholder and the chairman of our board of directors, and his affiliates as a purchaser of the Company's products, supplier of components and services to the Company and as provider of significant capital, financial and managerial support, potential failure by ACF to honor its indemnification obligations to the Company, potential risk of increased unionization of the Company's workforce, the Company's ability to manage the Company's pension costs, potential significant warranty claims, and covenants in the Company's existing revolving credit facility and other agreements as they presently exist and similar covenants that the Company expect in the Company's amended and restated revolving credit facility governing the Company's indebtedness that limit the Company's management's discretion in the operation of the Company's business. Other factors that could adversely affect the Company's business and prospects are described in the Company's filings with Securities and Exchange Commission. The Company cautions you not to place undue reliance upon any such forward-looking statements, which speak only as of the date they were first made. Except as otherwise required by law, the Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in the Company's expectations or any change in events, conditions or circumstances on which any such statement is based.