Delaware | 13-3904355 | |
(State or other jurisdiction of | (IRS Employer | |
incorporation) | Identification No.) |
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
As a result of this change in facilities, the Company expects its facilities-related expenses in the calendar year 2010 to be approximately $2 million less than in calendar year 2009. The Company estimates that its facilities-related expenses in 2010 will be approximately $1 mi llion and will be subject to customary increases in future years with respect to base rent, additional rent and other costs. Because factors other than these facilities-related expenses affect the Company's operating expenses and results of operations, the Company's expectation regarding its cost savings related to facilities should not be construed to provide guidance as to the Company's overall level of operating expenses.
FORWARD-LOOKING STATEMENTS
This report contains forward-looking statements, such as references to expected cost savings. These statements, including their underlying assumptions, are subject to risks and uncertainties and are not guarantees of future performance. We may fail to realize the expected cost savings due to various factors such as termination of our sublease, acceleration of our rent payments due to provisions of the sublease, increases in operating, tax and other expenses above customary levels, unexpected increases in facilities-related expenses other than our sublea se payments, and other factors. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof. Please note that the statements presented in this report speak only as of the date of the report. Except as required by applicable law, we undertake no obligation to revise or update publicly any forward-looking statements for any reason.
LookSmart, Ltd. | ||||||||
Date: September 04, 2009 | By: | /s/ Stephen Markowski | ||||||
Stephen Markowski | ||||||||
Chief Financial Officer | ||||||||