**Exhibit 99.1*****Item 1A. Risk Factors, such item excerpted in its entirety from Hanover Compressor Company’s Form10-K for the year ended December 31, 2005 as filed with Securities and Exchange Commission on March1, 2006***Item 1A. Risk Factors***We have a substantial amount of debt, including our compressionequipment lease obligations, that could limit our ability to fundfuture growth and operations and increase our exposure during adverseeconomic conditions.***     At December 31, 2005, we had approximately $1,478.9 million of debt, including approximately$48.0 million in borrowings and excluding outstanding letters of credit of approximately $118.6million under our bank credit facility. Additional borrowings of up to $283.4 million wereavailable under that facility as of December 31, 2005.     Our substantial debt could have important consequences. For example, these commitments could: **•** make it more difficult for us to satisfy our contractual obligations;  **•** increase our vulnerability to general adverse economic and industry conditions;  **•** limit our ability to fund future working capital, capital expenditures, acquisitions or othergeneral corporate requirements;  **•** increase our vulnerability to interest rate fluctuations because the interest payments on aportion of our debt are at, and a portion of our compression equipment leasing expense is basedupon, variable interest rates;  **•** limit our flexibility in planning for, or reacting to, changes in our business and our industry;  **•** place us at a disadvantage compared to our competitors that have less debt or fewer operatinglease commitments; and  **•** limit our ability to borrow additional funds.***We will need to generate a significant amount of cash to service our debt, to fund working capital and to payour debts as they come due.***     Our ability to make scheduled payments on our compression equipment lease obligations and ourother debt, or to refinance our debt and other obligations, will depend on our ability to generatecash in the future. Our ability to generate cash in the future is subject to, among other factors,our operational performance, as well as general economic, financial, competitive, legislative andregulatory conditions.     For the year ended December 31, 2005, we incurred interest expense of $136.9 million relatedto our debt, including our compression equipment lease obligations.     Our ability to refinance our debt and other financial obligations at a reasonable cost will beaffected by the factors discussed herein and by the general market at the time we refinance. Thefactors discussed herein could adversely affect our ability to refinance this debt and otherfinancial obligations at a reasonable cost.     Our business may not generate sufficient cash flow from operations, and future borrowings maynot be available to us under our bank credit facility in an amount sufficient to enable us to payour debt,compression equipment lease obligations, operating lease commitments and other financialobligations, or to fund our other liquidity needs. We cannot be sure that we will be able torefinance any of our debt or our
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other financial obligations on commercially reasonable terms or atall. Our inability to refinance our debt or our other financial obligations on commerciallyreasonable terms could materially adversely affect our business.***The documents governing our outstanding debt, including our compressionequipment lease obligations, contain financial and other restrictive covenants.Failing to comply with those covenants could result in an event of defaultwhich, if not cured or waived, could have a material adverse effect on us.***     Our bank credit facility and other debt obligations, including the indentures related to ournotes and the agreements related to our compression equipment lease obligations, contain, amongother things, covenants that may restrict our ability to finance future operations or capital needsor to engage in other business activities. These covenants include provisions that, among otherthings, restrict our ability to: **•** incur additional debt or issue guarantees;  **•** create liens on our assets;  **•** engage in mergers, consolidations and dispositions of assets;  **•** enter into additional operating leases;  **•** pay dividends on or redeem capital stock;  **•** enter into derivative transactions;  **•** make certain investments or restricted payments;  **•** make investments, loans or advancements to certain of our subsidiaries;  **•** prepay or modify our debt facilities;  **•** enter into transactions with affiliates; or  **•** enter into sale leaseback transactions.     In addition, under our bank credit facility we have granted the lenders a security interest inour inventory, equipment and certain of our other property and the property of our U.S.subsidiaries and pledged 66% of the equity interest in certain of our international subsidiaries.     Our bank credit facility also prohibits us (without the lenders’ prior approval) fromdeclaring or paying any dividend (other than dividends payable solely in our common stock or inoptions, warrants or rights to purchase such common stock) on, or making similar payments withrespect to, our capital stock.     Our bank credit facility and other financial obligations and the agreements related to ourcompression equipment lease obligations require us to maintain financial ratios and tests, whichmay require that we take action to reduce our debt or act in a manner contrary to our businessobjectives. Adverse conditions in the oil and gas business or in the United States or globaleconomy or other events related to our business may affect our ability to meet those financialratios and tests. A breach of any of these covenants or failure to maintain such financial ratioswould result in an event of default under our bank credit facility, the agreements related to ourcompression equipment lease obligations and the agreements relating to our other financialobligations. A material adverse change in our business may also limit our ability to effectborrowings under our bank credit facility. If such an event of default occurs, the lenders couldelect to declare all amounts outstanding thereunder, together with accrued interest, to beimmediately due and payable.
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***We have significant leverage relative to our total capitalization, which couldresult in a further downgrade in our credit rating or other adverseconsequences if we do not reduce our leverage.***     As of February 24, 2006, our credit ratings as assigned by Moody’s and Standard & Poor’s were:         **Standard &**  **Moody's** **Poor's**     Outlook Stable StableSenior implied rating B1 BB-Liquidity Rating SGL-3 —2001A equipment lease notes, interest at 8.5%, due September 2008 B2 B+2001B equipment lease notes, interest at 8.8%, due September 2011 B2 B+4.75% convertible senior notes due 2008 B3 B4.75% convertible senior notes due 2014 B3 B8.625% senior notes due 2010 B3 B9.0% senior notes due 2014 B3 BZero coupon subordinated notes, interest at 11%, due March 31, 2007 Caa1 B-7.25% convertible subordinated notes due 2029* Caa1 B- * Rating is on the Mandatorily Redeemable Convertible PreferredSecurities issued by Hanover Compressor Capital Trust, a trust thatwe sponsored. Prior to adoption of FIN 46 in 2003, these securitieswere reported on our balance sheet as mandatorily redeemableconvertible preferred securities. Because we only have a limitedability to make decisions about its activities and we are not theprimary beneficiary of the trust, the trust is a variable interestentity (“VIE”) under FIN 46. As such, the Mandatorily RedeemableConvertible Preferred Securities issued by the trust are no longerreported on our balance sheet. Instead, we now report oursubordinated notes payable to the trust as a debt. These notes havepreviously been eliminated in our consolidated financialstatements. The changes related to our Mandatorily RedeemableConvertible Preferred Securities for our balance sheet arereclassifications and had no impact on our consolidated results ofoperations or cash flow.     We do not have any credit rating downgrade provisions in our debt agreements or the agreementsrelated to our compression equipment lease obligations that would accelerate their maturity dates.However, a downgrade in our credit rating could materially and adversely affect our ability torenew existing, or obtain access to new, credit facilities in the future and could increase thecost of such facilities. Should this occur, we might seek alternative sources of funding. Inaddition, our significant leverage puts us at greater risk of default under one or more of ourexisting debt agreements if we experience an adverse change to our financial condition or resultsof operations. Our ability to reduce our leverage depends upon market and economic conditions, aswell as our ability to execute liquidity-enhancing transactions such as sales of non-core assets orour equity securities.***We are still in the process of improving our infrastructure capabilities,including our internal controls and procedures, which were strained by ourrapid growth, to reduce the risk of future accounting and financial reportingproblems.***     We experienced rapid growth from 1998 through 2001, primarily as a result of acquisitions,particularly during 2000 and 2001, during which period our total assets increased fromapproximately $753 million as of December 31, 1999 to approximately $2.3 billion as of December 31,2001. Our growth exceeded our infrastructure capabilities and strained our internal controlenvironment. During 2002, we announced a series of restatements of transactions that occurred in1999, 2000 and 2001. In November 2002, the SEC issued a Formal Order of Private Investigationrelating to the transactions underlying and other matters
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relating to the restatements. Inaddition, during 2002, Hanover and certain of its officers and directors were named as defendantsin a consolidated action in federal court that included a putative securities class action, aputative class action arising under the Employee Retirement Income Security Act and shareholderderivative actions. The litigation related principally to the matters involved in the transactionsunderlying the restatements of our financial statements. Both the SEC investigation and thelitigation were settled in 2003.     During 2002, a number of company executives involved directly and indirectly with thetransactions underlying the restatements resigned, including our former Chief Executive Officer,Chief Financial Officer and Vice Chairman of our board of directors, Chief Operating Officer andthe head of our international operations.     Under the direction of our board of directors and new management, we have continued to reviewour internal controls and procedures for financial reporting and have substantially enhanced ourcontrols and procedures. Even after making our improvements to our internal controls andprocedures, Hanover’s internal control over financial reporting may not prevent or detectmisstatements. A control system, no matter how well conceived and operated, can provide onlyreasonable, not absolute, assurance that objectives of the control system are met. Futureaccounting and financial reporting problems could result in, among other things, new securitieslitigation claims being brought against us, future investigations of us by the SEC and possiblefines and penalties, including those resulting from a violation of the cease and desist order weentered into with the SEC in December 2003, and a loss of investor confidence which could adverselyaffect the trading prices of our debt and equity securities and adversely affect our ability toaccess sources of necessary capital.***Unforeseen difficulties with the implementation or operation of our enterpriseresource planning system could adversely affect our internal controls and ourbusiness.***     We contracted with Oracle Corporation to assist us with the design and implementation of anenterprise resource planning system that supports our human resources, accounting, estimating,financial, fleet and job management and customer systems. We have substantially completedimplementation of this system. The efficient execution of our business is dependent upon the properfunctioning of our internal systems. Any significant failure or malfunction of our enterpriseresource planning system may result in disruptions of our operations. Our results of operationscould be adversely affected if we encounter unforeseen problems with respect to the operation ofthis system.***We require a substantial amount of capital to expand our compressor rentalfleet and our complementary businesses.***     We invested $155.1 million in property, plant and equipment during the year ended December 31,2005, primarily for maintenance capital and international rental projects. Historically, we havefunded our capital expenditures through internally generated funds, sale and leaseback transactionsand debt and equity financing. While we believe that cash flow from our operations and borrowingsunder our existing $450 million bank credit facility will provide us with sufficient cash to fundour planned 2006 capital expenditures, we cannot assure you that these sources will be sufficient.At December 31, 2005, we had $48.0 million in outstanding borrowings and $118.6 million in lettersof credit outstanding under our bank credit facility. Additional borrowings of up to $283.4 millionwere available under that facility at December 31, 2005. Failure to generate sufficient cash flow,together with the absence of alternative sources of capital, could have a material adverse effecton our business, consolidated financial condition, results of operations or cash flows.***Our ability to substitute compression equipment under our compression equipmentleases is limited and there are risks associated with reaching that limit priorto the expiration of the lease term.***     As of December 31, 2005, we were the lessee in two transactions involving the sale ofcompression equipment by us to special purpose entities, which in turn lease the equipment back tous. We are entitled under the compression equipment operating lease agreements to substituteequipment that we own for equipment owned by the special purpose entities, provided that the valueof the equipment that we are
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substituting is equal to or greater than the value of the equipmentthat is being substituted. We generally substitute equipment when one of our lease customersexercises a contractual right or otherwise desires to buy the leased equipment or when fleetequipment owned by the special purpose entities becomes obsolete or is selected by us for transferto international projects. Each lease agreement limits the aggregate amount of replacementequipment that may be substituted to, among other restrictions, a percentage of the terminationvalue under each lease. The termination value is equal to (1) the aggregate amount of outstandingprincipal of the corresponding notes issued by the special purpose entity, plus accrued and unpaidinterest and (2) the aggregate amount of equity investor contributions to the special purposeentity, plus all accrued amounts due on account of the investor yield and any other amounts owed tosuch investors in the special purpose entity or to the holders of the notes issued by the specialpurpose entity or their agents. In the following table, termination value does not include amountsin excess of the aggregate outstanding principal amount of notes and the aggregate outstandingamount of the equity investor contributions, as such amounts are periodically paid as supplementalrent as required by our compression equipment operating leases. The aggregate amount of replacementequipment substituted (in dollars and percentage of termination value), the termination value andthe substitution percentage limitation relating to each of our compression equipment operatingleases as of December 31, 2005 are as follows:                                   **Substitution**                  **Limitation as**      **Value of**  **Percentage of**      **Percentage of**      **Substituted**  **Termination**  **Termination**  **Termination**  **Lease Termination** **Lease** **Equipment**  **Value(1)**  **Value(1)**  **Value**  **Date**           **(dollars in**                   **millions)**         2001A compressionequipment lease $19.4   14.2% $137.1   25% September 20082001B compressionequipment lease  45.4   17.6%  257.7   25% September 2011                   Total $64.8      $394.8                             (1) Termination value assumes all accrued rents paid before termination.     In the event we reach the substitution limitation prior to a lease termination date, we willnot be able to effect any additional substitutions with respect to such lease. This inability tosubstitute could have a material adverse effect on our business, consolidated financial position,results of operations and cash flows.***A prolonged, substantial reduction in oil or gas prices, or prolongedinstability in U.S. or global energy markets, could adversely affect ourbusiness.***     Our operations depend upon the levels of activity in natural gas development, production,processing and transportation. In recent years, oil and gas prices and the level of drilling andexploration activity have been volatile. For example, oil and gas exploration and developmentactivity and the number of well completions typically decline when there is a significant reductionin oil and gas prices or significant instability in energy markets. As a result, the demand for ourgas compression and oil and gas production and processing equipment would be adversely affected.Any future significant, prolonged decline in oil and gas prices could have a material adverseeffect on our business, consolidated financial condition, results of operations and cash flows.     Erosion of the financial condition of our customers can also adversely affect our business.During times when the oil or natural gas market weakens, the likelihood of the erosion of thefinancial condition of these
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customers increases. If and to the extent the financial condition ofour customers declines, our customers could seek to preserve capital by canceling or delayingscheduled maintenance of their existing gas compression and oil and gas production and processingequipment or determining not to purchase new gas compression and oil and gas production andprocessing equipment. In addition, upon the financial failure of a customer, we could experience aloss associated with the unsecured portion of any of our outstanding accounts receivable.***There are many risks associated with conducting operations in international markets.***     We operate in many geographic markets outside the United States. Changes in local economic orpolitical conditions, particularly in Latin America and Nigeria, could have a material adverseeffect on our business, consolidated financial condition, results of operations and cash flows.Additional risks inherent in our international business activities include the following: **•** difficulties in managing international operations;  **•** unexpected changes in regulatory requirements;  **•** tariffs and other trade barriers that may restrict our ability to enter into new markets;  **•** governmental actions that result in the deprivation of contract rights;  **•** changes in political and economic conditions in the countries in which we operate, including civiluprisings, riots, kidnappings and terrorist acts, particularly with respect to our operations inNigeria;  **•** potentially adverse tax consequences;  **•** restrictions on repatriation of earnings or expropriation of property without fair compensation;  **•** difficulties in establishing new international offices and risks inherent in establishing newrelationships in foreign countries; and  **•** the burden of complying with the various laws and regulations in the countries in which we operate.     We have substantial operations in Argentina and Venezuela. As a result, adverse politicalconditions in Argentina and Venezuela could materially and adversely affect our business.     As a result of continued pressure by Argentina’s unions for increased compensation forworkers, and related civil unrest, we have experienced an increase in operating costs in Argentina.In the past, we have been able to successfully renegotiate some of our contracts to recover aportion of cost increases. While we hope to recover cost increases that we incur, we can provide noassurance that we will be successful in renegotiating our Argentine contracts.     In December 2002, opponents of Venezuelan President Hugo Chávez initiated a country-widestrike by workers of the national oil company in Venezuela. This strike, a two-month walkout, had asignificant negative impact on Venezuela’s economy and temporarily shut down a substantial portionof Venezuela’s oil industry. As a result of the strike, Venezuela’s oil production dropped. Inaddition, exchange controls have been put in place that put limitations on the amount of Venezuelancurrency that can be exchanged for foreign currency by businesses operating inside Venezuela. InMay 2003, after six months of negotiation, the Organization of the American States brokered anagreement between the Venezuelan government and its opponents. Although the accord does offer theprospect of stabilizing Venezuela’s economy, if another national strike is staged, exchangecontrols remain in place, or economic and political conditions in Venezuela continue todeteriorate, our results of operations in Venezuela could be materially and adversely affected,which could result in reductions in our net income.     In addition, our future plans involve expanding our business in international markets where wecurrently do not conduct business. The risks inherent in establishing new business ventures,especially in international markets where local customs, laws and business procedures presentspecial challenges, may
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affect our ability to be successful in these ventures or avoid losses whichcould have a material adverse effect on our business, financial condition, results of operationsand cash flows.***Fluctuations in currency exchange rates in Italy, Argentina and Venezuela couldadversely affect our business.***     We have significant operations that expose us to currency risk in Argentina and Venezuela. Forthe year ended December 31, 2005, our Argentine operations represented approximately 5% of ourrevenue and 8% of our gross profit. For the year ended December 31, 2005, our Venezuelan operationsrepresented approximately 10% of our revenue and 18% of our gross profit. At December 31, 2005, wehad approximately $17.3 million and $18.3 million in accounts receivable related to our operationsin Argentina and Venezuela, respectively.     At December 31, 2005 we also had intercompany advances outstanding to our subsidiary in Italyof approximately $68.7 million. These advances are denominated in U.S. dollars. The impact of theremeasurement of these advances on our statement of operations by our subsidiary will depend on theoutstanding balance in future periods. The remeasurement of these advances resulted in atranslation loss of approximately $10.3 million during the year ended December 31, 2005 and atranslation gain of $3.7 million during the year ended December 31, 2004.     The following table summarizes the exchange gains and losses we recorded for assets exposed tocurrency translation (in thousands):           **Year Ended**   **December 31,**   **2005**  **2004**          Italy $(10,388) $4,170 Argentina  388   (624)Venezuela  3,501   1,165 Canada  (1,705)  105 All other countries  314   406        Exchange gain (loss) $(7,890) $5,222             In February 2003, the Venezuelan government fixed the exchange rate to 1,600bolivars for each U.S. dollar. In February 2004 and March 2005, the Venezuelan government devaluedthe currency to 1,920 bolivars and 2,148 bolivars, respectively, for each U.S. dollar. The impactof any further devaluation on our results will depend upon the amount of our assets (primarilyworking capital and deferred taxes) exposed to currency fluctuation in Venezuela in future periods.     The economic situation in Argentina and Venezuela is subject to change. To the extent that thesituation deteriorates, exchange controls continue in place and the value of the peso and bolivaragainst the dollar is reduced further, our results of operations in Argentina and Venezuela couldbe materially and adversely affected, which could result in reductions in our net income.***Many of our compressor leases with customers have short initial terms, and wecannot be sure that the leases for these rental compressors will be renewedafter the end of the initial lease term.***     The length of our compressor leases with customers varies based on operating conditions andcustomer needs. In most cases, under currently prevailing lease rates, the initial lease terms arenot long enough to enable us to fully recoup the average cost of acquiring or fabricating theequipment. We cannot be sure that a substantial number of our lessees will continue to renew theirleases or that we will be able to re-lease the equipment to new customers or that any renewals orre-leases will be at comparable lease rates. The
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inability to renew or re-lease a substantialportion of our compressor rental fleet would have a material adverse effect upon our business,consolidated financial condition, results of operations and cash flows.***We operate in a highly competitive industry.***     We experience competition from companies that may be able to adapt more quickly totechnological changes within our industry and throughout the economy as a whole, more readily takeadvantage of acquisitions and other opportunities and adopt more aggressive pricing policies. Wealso may not be able to take advantage of certain opportunities or make certain investments becauseof our significant leverage and the restrictive covenants in our bank credit facility, theagreements related to our compression equipment lease obligations and our other obligations. Intimes of weak market conditions, we may experience reduced profit margins from increased pricingpressure. We may not be able to continue to compete successfully in times of weak market conditionsor against such competition. If we cannot compete successfully, we may lose market share and ourbusiness, consolidated financial condition, results of operations and cash flows could bematerially adversely affected.***Natural gas operations entail inherent risks that may result in substantial liability to us.***     Natural gas operations entail inherent risks, including equipment defects, malfunctions andfailures and natural disasters, which could result in uncontrollable flows of gas or well fluids,fires and explosions. These risks may expose us, as an equipment operator or fabricator, toliability for personal injury, wrongful death, property damage, pollution and other environmentaldamage. Our business, consolidated financial condition, results of operations and cash flows couldbe materially adversely affected if we incur substantial liability and the damages are not coveredby insurance or are in excess of policy limits.***Our ability to manage our business effectively will be weakened if we lose key personnel.***     We depend on the continuing efforts of our executive officers and senior management. Thedeparture of any of our key personnel could have a material adverse effect on our business,operating results and financial condition. We do not maintain key man life insurance coverage withrespect to our executive officers or key management personnel.     In addition, we believe that our success depends on our ability to attract and retainqualified employees. There is significant demand in our industry for experienced qualifiedemployees. If we fail to retain our skilled personnel and to recruit other skilled personnel, wecould be unable to compete effectively.***Our business is subject to a variety of governmental regulations.***     We are subject to a variety of federal, state, local and international laws and regulationsrelating to the environment, health and safety, export controls, currency exchange, labor andemployment and taxation. These laws and regulations are complex, change frequently and have tendedto become more stringent over time. Failure to comply with these laws and regulations may result ina variety of administrative, civil and criminal enforcement measures, including assessment ofmonetary penalties, imposition of remedial requirements and issuance of injunctions as to futurecompliance. From time to time as part of the regular overall evaluation of our operations,including newly acquired operations, we may be subject to compliance audits by regulatoryauthorities in the various countries in which we operate.     We may need to apply for or amend facility permits or licenses from time to time with respectto storm water or wastewater discharges, waste handling, or air emissions relating to manufacturingactivities or equipment operations, which subjects us to new or revised permitting conditions thatmay be onerous or costly to comply with. In addition, certain of our customer service arrangementsmay require us to operate, on behalf of a specific customer, petroleum storage units such asunderground tanks or pipelines and other regulated units, all of which may impose additionalcompliance and permitting obligations.     As one of the largest natural gas compression companies in the United States, we conductoperations at numerous facilities in a wide variety of locations across the country. Our operationsat many of these facilities require federal, state or local environmental permits or otherauthorizations. Additionally, natural gas compressors at many of our customer facilities requireindividual air permits or general authorizations
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to operate under various air regulatory programsestablished by rule or regulation. These permits and authorizations frequently contain numerouscompliance requirements, including monitoring and reporting obligations and operationalrestrictions, such as emission limits. Generally, our customers are contractually responsible forany permits on their facilities, however, given the large number of facilities in which we operate,and the numerous environmental permits and other authorizations applicable to our operations, weoccasionally identify or are notified of technical violations of certain requirements existing invarious permits and other authorizations, and it is likely that similar technical violations willoccur in the future. Occasionally, we have been assessed penalties for our non-compliance, and wecould be subject to such penalties in the future. While such penalties generally do not have amaterial financial impact on our business or operations, it is possible future violations couldresult in substantial penalties.     We currently do not anticipate that any changes or updates in response to regulations relatingto the environment, health and safety, export controls, currency exchange, labor and employment andtaxation, or that any other anticipated ongoing regulatory compliance obligations will have amaterial adverse effect on our operations either as a result of any enforcement measures or throughincreased capital costs. Based on our experience to date, we believe that the future cost ofcompliance with existing laws and regulations will not have a material adverse effect on ourbusiness, consolidated financial condition, results of operations and cash flows. However, futureevents, such as compliance with more stringent laws, regulations or permit conditions, a majorexpansion of our operations into more heavily regulated activities, more vigorous enforcementpolicies by regulatory agencies, or stricter or different interpretations of existing laws andregulations could require us to make material expenditures.***Our business has acquired facilities in the past, which could subject us tofuture environmental liabilities.***     We have conducted preliminary environmental site assessments with respect to some, but notall, properties currently owned or leased by us, usually in a pre-acquisition context. Theseassessments have revealed that soils and/or groundwater at some of our facilities are contaminatedwith hydrocarbons, heavy metals and various other regulated substances. With respect to acquiredproperties, we do not believe that our operations caused or contributed to any such contaminationin any material respect and we are not currently under any governmental orders or directivesrequiring us to undertake any remedial activity at such properties. We typically will develop abaseline of site conditions so we can establish conditions at the outset of our operations on suchproperty. However, the handling of petroleum products and other regulated substances is a normalpart of our operations and we have experienced occasional minor spills or incidental leakage belowreportable quantity thresholds in connection with our operations. Certain properties previouslyowned or leased by us were determined to be affected by soil contamination. At one of our ownedsites, we are working with the prior owner who has undertaken the full legal obligations to monitorand/or clean-up contamination at the sites that occurred prior to our acquisition of it. Wherecontamination was identified and determined by us to be our responsibility, we conducted remedialactivities at these previously-held properties to the extent we believed necessary to meetregulatory standards and either sold the owned properties to third parties or returned the leasedproperties to the lessors. Based on our experience to date and the relatively minor nature of thetypes of contamination we have identified to date, we believe that the future cost of necessaryinvestigation or remediation on our current properties will not have a material adverse effect onour business, consolidated financial condition, results of operations, and cash flows. We cannot becertain, however, that clean-up standards will not become more stringent, or that we will not berequired to undertake any remedial activities involving any material costs on any of these currentor previously held properties in the future or that the discovery of unknown or migratorycontamination or third-party claims made with respect to current or previously owned or leasedproperties will not result in material costs.***Our stock price may experience volatility.***     Our stock price, like that of other companies, can be volatile. Some of the factors that couldaffect our stock price are quarterly increases or decreases in revenue or earnings, changes inrevenue or earnings estimates by the investment community, and speculation in the press orinvestment community about our financial condition or results of operations. General marketconditions and U.S. or international economic factors unrelated to our performance may also affectour stock price. For these reasons, investors should not rely on recent trends to predict futurestock prices or financial results.
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