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<TITLE>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SECURITIES AND EXCHANGE COMMISSION</TITLE>
<META NAME="author" CONTENT="Baker Botts L.L.P.">
<META NAME="date" CONTENT="04/09/2004">
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>WASHINGTON, D.C. 20549</B></P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>FORM 8-K</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>CURRENT REPORT</B></P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>Date of Report (Date of earliest event reported): <B>April 5, 2004</B></P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>EGL, Inc.</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>(Exact name of registrant as specified in its charter)</P>
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<TABLE cellspacing=0><TR><TD valign=top width=212.8><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>Texas</B></P>
</TD><TD valign=top width=212.8><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>000-27288</B></P>
</TD><TD valign=top width=212.8><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>76-0094895</B></P>
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<TR><TD valign=top width=212.8><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>(State or other jurisdiction</P>
</TD><TD valign=top width=212.8><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>(Commission</P>
</TD><TD valign=top width=212.8><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>(IRS Employer</P>
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<TR><TD valign=top width=212.8><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>of incorporation)</P>
</TD><TD valign=top width=212.8><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>File Number)</P>
</TD><TD valign=top width=212.8><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>Identification No.)</P>
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<TABLE cellspacing=0><TR><TD valign=top width=367.2><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>15350 Vickery Drive, Houston, Texas</B></P>
</TD><TD valign=top width=271.2><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>77032</B></P>
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<TR><TD valign=top width=367.2><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>(Address of principal executive offices)</P>
</TD><TD valign=top width=271.2><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>(Zip Code)</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>Registrant's telephone number, including area code: &nbsp;<B>(281) 618-3100</B></P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>1</P>
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<P style="margin-top:0pt; margin-bottom:-14pt; padding-left:72pt; text-indent:-72pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><B>Item 7.</B></P>
<P style="margin:0pt; padding-left:72pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><B>Financial Statements, Pro Forma Financial Information and Exhibits</B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=center><BR></P>
<P style="margin:0pt; text-indent:72pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>(c) Exhibits</P>
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<P style="margin:0pt; text-indent:90pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>The following exhibit is furnished pursuant to Item 12:</P>
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<P style="margin-top:0pt; margin-bottom:-14pt; padding-left:144pt; text-indent:-36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>99.1 </P>
<P style="margin:0pt; padding-left:144pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Press Release, dated April 5, 2004, revising guidance for the period ended March 31, 2004.</P>
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<P style="margin-top:0pt; margin-bottom:-14pt; padding-left:72pt; text-indent:-72pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><B>Item 12.</B></P>
<P style="margin:0pt; padding-left:72pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><B>Results of Operation and Financial Condition</B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>The press release attached hereto as Exhibit 99.1 reports certain financial results for the first quarter of 2004. &nbsp;</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>All of the information furnished in Item 12 and the accompanying exhibit will not be incorporated by reference into any registration statement filed by EGL, Inc. (&#147;EGL&#148;) under the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated therein by reference. &nbsp;The furnishing of the information in this report is not intended to, and does not, constitute a determination or admission by EGL that the information in this report is material or complete, or that investors should consider this information before making an investment decision with respect to any security of EGL or any of its affiliates.</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>2</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>SIGNATURE</B></P>
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<P style="margin:0pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>
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<P style="margin-top:0pt; margin-bottom:-14pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Date: &nbsp;April 9, 2004</P>
<P style="margin:0pt; text-indent:216pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><B>EGL, INC.</B></P>
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<P style="margin-top:0pt; margin-bottom:-14pt; text-indent:216pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>By:</P>
<P style="margin-top:0pt; margin-bottom:-14pt; text-indent:252pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><U>/s/ Elijio V. Serrano</U></P>
<U><P style="margin:0pt; text-indent:468pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></U></P>
<P style="margin-top:0pt; margin-bottom:-14pt; text-indent:216pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>&nbsp;</P>
<P style="margin:0pt; text-indent:252pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Elijio V. Serrano</P>
<P style="margin:0pt; padding-left:234pt; text-indent:18pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Chief Financial Officer </P>
<P style="margin:0pt; padding-left:234pt; text-indent:-234pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
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<P style="margin:0pt; padding-left:234pt; text-indent:-234pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<TABLE cellspacing=0><TR><TD valign=top width=420><P style="margin:0pt; line-height:16pt; font-family:Arial; font-size:14pt" align=justify><B>EGL</B></P>
<P style="margin:0pt; line-height:16pt; font-family:Arial; font-size:14pt" align=justify><B>Eagle Global Logistics</B></P>
</TD><TD valign=top width=240><P style="margin:0pt; font-family:Arial Narrow; font-size:8pt" align=right><BR></P>
<P style="margin:0pt; padding-left:3.6pt; line-height:11pt; font-family:Arial; font-size:9pt" align=right><I>World Headquarters</I></P>
<P style="margin:0pt; padding-left:3.6pt; line-height:11pt; font-family:Arial; font-size:9pt" align=right>15350 Vickery Drive</P>
<P style="margin:0pt; padding-left:3.6pt; line-height:11pt; font-family:Arial; font-size:9pt" align=right>Houston, TX &nbsp;77032</P>
<P style="margin:0pt; padding-left:3.6pt; font-family:Arial; font-size:9pt" align=right><BR></P>
<P style="margin:0pt; padding-left:3.6pt; line-height:11pt; font-family:Arial; font-size:9pt" align=right>Elijio Serrano</P>
<P style="margin:0pt; padding-left:3.6pt; line-height:11pt; font-family:Arial; font-size:9pt" align=right>Chief Financial Officer</P>
<P style="margin:0pt; padding-left:3.6pt; line-height:11pt; font-family:Arial; font-size:9pt" align=right>281-618-3665</P>
<P style="margin:0pt; padding-left:3.6pt; font-family:Arial; font-size:9pt" align=right><BR></P>
<P style="margin:0pt; padding-left:3.6pt; line-height:11pt; font-family:Arial; font-size:9pt" align=right>Mike Slaughter</P>
<P style="margin:0pt; padding-left:3.6pt; line-height:11pt; font-family:Arial; font-size:9pt" align=right>Investor Relations </P>
<P style="margin:0pt; padding-left:3.6pt; line-height:11pt; font-family:Arial; font-size:9pt" align=right>281-618-3428</P>
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<TR><TD valign=top width=660 colspan=2><P style="margin:0pt; padding-left:282.6pt; line-height:18pt; font-family:Arial; font-size:16pt" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NEWS RELEASE</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><B>FOR IMMEDIATE RELEASE</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><B>Monday, April 5, 2004</B></P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>EGL, INC. Increases First Quarter Earnings </P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Guidance On Strong March Volumes</P>
<P style="margin:0pt; text-indent:108pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><B>HOUSTON, April 5, 2004 &#150; EGL, Inc. (NASDAQ: EAGL) </B>announced today that it expects to report fully diluted earnings per share for the first quarter of 2004 in the range of $0.10 to $0.12, compared to earlier management guidance of $0.05 to $0.07. &nbsp;Diluted earnings per share for the first quarter of 2003 were $0.06.</P>
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<P style="margin:0pt; font-family:Times New Roman" align=justify>&#147;During the first quarter of 2004, the continuing economic recovery resulted in strong international activity overcoming weak domestic priority volumes,&#148; explained James R. Crane, Chairman and Chief Executive Officer. &nbsp;&#147;March shipments were stronger than expected, especially on the heels of the continued growth of our U.S. import and export activity. &nbsp;In addition, increased volumes in Europe, Asia and the Middle East provided further evidence that our low cost business model is positioned to benefit from the economic recovery. &nbsp;Based on our preliminary results as of the end of the first quarter, we expect our diluted earnings per share to surpass our previous guidance.&#148;</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><B>Earnings Conference Call</B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; font-family:Times New Roman" align=justify>EGL, Inc. plans to host a conference call for shareholders and the investing community on May 6, 2004 at 11 a.m. Eastern time (8 a.m. Pacific) to review results for the quarter ended March 31, 2004. The call can be accessed by dialing (719) 457-2680, access code 544965 and is expected to last approximately 60 minutes. Callers are requested to dial in at least 5 minutes before the start of the call. The call will also be available through live webcast on the company's website, <FONT COLOR=#0000FF><U>www.eaglegl.com</U></FONT>, on the Investor Relations page. &nbsp;An audio replay will be available until Thursday, May 20, 2004 at (719) 457-0820, access code 544965.</P>
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<P style="margin-top:5pt; margin-bottom:5pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>___________________</P>
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<P style="margin-top:0pt; margin-bottom:6pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><I>Houston-based EGL, Inc. operates under the name EGL Eagle Global Logistics. &nbsp;EGL is a leading global transportation, supply chain management and information services company dedicated to providing superior flexibility and fewer shipping restrictions on a price competitive basis. With 2003 revenues exceeding $2.1 billion, EGL&#146;s services include air and ocean freight forwarding, customs brokerage, local pick up and delivery service, materials management, warehousing, trade facilitation and procurement, and integrated logistics and supply chain management services. The Company&#146;s shares are traded on the NASDAQ National Market under the symbol &#147;EAGL&#148;.</I></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>___________________</P>
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<P style="margin-top:0pt; margin-bottom:6pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>CAUTIONARY STATEMENTS</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><I>The statements in this press release (and statements in the conference call referred to above) regarding projected profitability, adding to growth and initiatives in Asia, Europe and the Middle East, first quarter results and diluted earnings per share, our ability to outperform the economy and other statements which are not historical facts, are forward looking statements. &nbsp;Such statements involve risks and uncertainties including, but not limited to, general economic conditions, risks associated with operating in international markets, the results of litigation, the timing and effects of any improvements in the regions and industry sectors in which the Company&#146;s customers operate, construction of new facilities and other infrastructure improvements, ability to manage and continue growth, competition and other factors detailed in the Company's 2003 Form 10-K, proxy statement/prospectus and other filings with the Securities and Exchange Commission. &nbsp;Should one or more of these risks or uncertainties materialize (or the consequences of such a development worsen), or should underlying assumptions prove incorrect, actual outcomes may vary materially from those forecasted or expected. &nbsp;&nbsp;The Company disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.</I></P>
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SECURITIES AND EXCHANGE COMMISSION
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
April 5, 2004
EGL, Inc.
(Exact name of registrant as specified in its charter)
Texas
000-27288
76-0094895
(State or other jurisdiction
(Commission
(IRS Employer
of incorporation)
File Number)
Identification No.)
15350 Vickery Drive, Houston, Texas
77032
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including area code:
(281) 618-3100
1
Item 7.
Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits
The following exhibit is furnished pursuant to Item 12:
99.1
Press Release, dated April 5, 2004, revising guidance for the period ended March 31, 2004.
Item 12.
Results of Operation and Financial Condition
The press release attached hereto as Exhibit 99.1 reports certain financial results for the first quarter of 2004.
All of the information furnished in Item 12 and the accompanying exhibit will not be incorporated by reference into any registration statement filed by EGL, Inc. ("EGL") under the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated therein by reference.  The furnishing of the information in this report is not intended to, and does not, constitute a determination or admission by EGL that the information in this report is material or complete, or that investors should consider this information before making an investment decision with respect to any security of EGL or any of its affiliates.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date:  April 9, 2004
EGL, INC.
By:
/s/ Elijio V. Serrano
Elijio V. Serrano
Chief Financial Officer
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EGL
Eagle Global Logistics
World Headquarters
15350 Vickery Drive
Houston, TX  77032
Elijio Serrano
Chief Financial Officer
281-618-3665
Mike Slaughter
Investor Relations
281-618-3428
NEWS RELEASE
FOR IMMEDIATE RELEASE
Monday, April 5, 2004
EGL, INC. Increases First Quarter Earnings
Guidance On Strong March Volumes
HOUSTON, April 5, 2004 – EGL, Inc. (NASDAQ: EAGL)
announced today that it expects to report fully diluted earnings per share for the first quarter of 2004 in the range of $0.10 to $0.12, compared to earlier management guidance of $0.05 to $0.07.  Diluted earnings per share for the first quarter of 2003 were $0.06.
"During the first quarter of 2004, the continuing economic recovery resulted in strong international activity overcoming weak domestic priority volumes," explained James R. Crane, Chairman and Chief Executive Officer.  "March shipments were stronger than expected, especially on the heels of the continued growth of our U.S. import and export activity.  In addition, increased volumes in Europe, Asia and the Middle East provided further evidence that our low cost business model is positioned to benefit from the economic recovery.  Based on our preliminary results as of the end of the first quarter, we expect our diluted earnings per share to surpass our previous guidance."
Earnings Conference Call
EGL, Inc. plans to host a conference call for shareholders and the investing community on May 6, 2004 at 11 a.m. Eastern time (8 a.m. Pacific) to review results for the quarter ended March 31, 2004. The call can be accessed by dialing (719) 457-2680, access code 544965 and is expected to last approximately 60 minutes. Callers are requested to dial in at least 5 minutes before the start of the call. The call will also be available through live webcast on the company's website,
www.eaglegl.com
, on the Investor Relations page.  An audio replay will be available until Thursday, May 20, 2004 at (719) 457-0820, access code 544965.
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Houston-based EGL, Inc. operates under the name EGL Eagle Global Logistics.  EGL is a leading global transportation, supply chain management and information services company dedicated to providing superior flexibility and fewer shipping restrictions on a price competitive basis. With 2003 revenues exceeding $2.1 billion, EGL's services include air and ocean freight forwarding, customs brokerage, local pick up and delivery service, materials management, warehousing, trade facilitation and procurement, and integrated logistics and supply chain management services. The Company's shares are traded on the NASDAQ National Market under the symbol "EAGL".
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CAUTIONARY STATEMENTS
The statements in this press release (and statements in the conference call referred to above) regarding projected profitability, adding to growth and initiatives in Asia, Europe and the Middle East, first quarter results and diluted earnings per share, our ability to outperform the economy and other statements which are not historical facts, are forward looking statements.  Such statements involve risks and uncertainties including, but not limited to, general economic conditions, risks associated with operating in international markets, the results of litigation, the timing and effects of any improvements in the regions and industry sectors in which the Company's customers operate, construction of new facilities and other infrastructure improvements, ability to manage and continue growth, competition and other factors detailed in the Company's 2003 Form 10-K, proxy statement/prospectus and other filings with the Securities and Exchange Commission.  Should one or more of these risks or uncertainties materialize (or the consequences of such a development worsen), or should underlying assumptions prove incorrect, actual outcomes may vary materially from those forecasted or expected.   The Company disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.