Exhibit 99.1
Cautionary statement for purposes of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995.
CAUTIONARY STATEMENT FOR PURPOSES OF THE "SAFE HARBOR" PROVISIONS OF THE PRIVATE
SECURITIES LITIGATION REFORM ACT OF 1995.
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor"
for forward-looking statements. The Company's Form 10-K, the Company's Annual
Report to Shareholders, this or any other Form 10-Q or any Form 8-K of the
Company may include forward-looking statements which reflect the Company's
current views with respect to future events and financial performance.
The company wishes to caution readers that in addition to the important factors
described elsewhere within its reports, the following important factors, among
others, may cause the actual segment and consolidated results during 1996, and
beyond, to differ materially from those expressed in any forward looking
statements made by, or on behalf of the company.
- - Underutilization of the company's plants and factories, or of any plant
expansions or new plants, including, but not limited to, those in the
packaging products segment, resulting in production inefficiencies and
higher costs; start-up expenses and inefficiencies and delays and
increased costs in connection with the start of production in new
plants and expansions, including, but not limited to, those in the
plastic container operations.
- - Financial results are based upon assumptions, estimates and judgments
of management and, as a result, actual performance may differ from
forward-looking estimates based upon changes in facts, circumstances,
improved information or changes in accounting.
- - The company's actions in connection with continued and increasing
competition in many product and service areas, including, but not
limited to, metal beverage packaging, food container packaging, plastic
container packaging and aerospace products and services, including
price competition, fluctuating demand for certain products in certain
seasons, such as food containers which are subject to seasonal changes
in the weather; competition in the Aerospace industry, particularly in
the commercial telecommunications and space markets, which could result
in fluctuating results from quarter to quarter.
- - Difficulties in obtaining raw materials, supplies, power and natural
resources, and any other items needed for the production of metal,
glass, and plastic containers as well as telecommunications and
aerospace products which could affect the company's or its affiliates
ability to ship containers and telecommunications and aerospace
products.
- - Pricing of raw materials, supplies, power and natural resources needed
for the production of metal, glass, and plastic containers as well as
telecommunications and aerospace products. Pricing and ability to sell
scrap associated with the production of metal containers. The effect of
changes in the cost of warehousing the company's products.
- - Difficulties, delays or failures in the development, production,
testing and marketing of metal, glass, plastic and aerospace products,
including, but not limited to, a failure to ship new products and
technologies when anticipated, including, can and end technologies; the
failure of customers to accept these products or technologies when
planned.
- - The failure of EarthWatch, Incorporated, to launch successfully
satellites planned for 1996 and subsequent years; technological or
market acceptance issues, performance failures in related contracts or
subcontracts, including any failure of EarthWatch to receive additional
financing needed for EarthWatch to continue to make payments, or any
events which would require the company to provide additional financial
support for EarthWatch, Incorporated.
- - The inability of the company or its subsidiaries to realize investments
in the glass container business and other joint venture companies due
to changed economic conditions, customer preferences, relationships,
bankruptcy, currency risk, or political risk.
- - The inability of the company, its subsidiaries and joint ventures to
successfully establish metal container plants in certain designated
international markets as well as the failure of customers to accept
these products; the inability of the packaging subsidiaries and joint
ventures to perform contracts or subcontracts, including the inability
of these subsidiaries and joint ventures to receive additional
financing needed for these subsidiaries to continue to make payments,
or any events which would require the company to provide additional
financial support for such subsidiaries and joint ventures.
- - The inability to sell products and services due to the customers'
changing markets or relationships and the inability to collect or
extreme delays in collecting accounts receivables.
- - The effects of, and changes in, laws and regulations, other activities
of governments (including political situations and inflationary
economies), agencies and similar organizations, including, but not
limited to, those affecting frequency, use and availability of metal,
glass and plastic containers, the authorization and control over the
availability of government contracts and the nature and continuation of
those contracts and the related services provided thereunder, the use
of remote sensing data and changes in domestic and international tax
laws.
- - The cancellation or termination of government contracts by the U.S.
government, other customers, or other government contractors.
- - The costs and other effects of legal and administrative cases and
proceedings (whether civil, or criminal), settlements and
investigations, claims, and changes in those items, and developments or
assertions by or against the company relating to products and services,
environmental, intellectual property rights and intellectual property
licenses, and compliance with the law.
- - The effect on revenue, profits, assets and liabilities as the result of
decisions by the Internal Revenue Service, or other taxing authorities,
courts of law, arbitral tribunals, legislative bodies or administrative
agencies.
- - The effects of changes in the company's organization or in the
compensation and/or benefit plans; any changes in agreements regarding
investments or joint ventures in which the company has an investment;
the amount, type or cost of the company's financing and changes to that
financing.
- - Risks involved in purchasing and selling products and services and
receiving payments in currencies other than the U.S. dollar.