the forward looking statements and estimates in this presentation including those containing words like expect believe planned may could should anticipate estimate project or similar expressions involve risks uncertainties factors that cause actual results to differ from expectations include without limitation 1 increased competitive activity companies skin care makeup fragrance hair businesses some of which have greater resources than we do 2 our ability develop produce market new products on future operating depend successfully address challenges core brands gift with purchase business 3 consolidations restructurings bankruptcies reorganizations retail industry causing a decrease number stores sell destocking an increase ownership concentration within retailers by competitors customers are 4 5 success changes timing scope product launches advertising sampling merchandizing programs 6 shifts preferences consumers as where how they shop for types