Certain statements contained herein are not based on historical facts, but are forward-looking statements that are based upon numerous assumptions about future conditions that may ultimately prove to be inaccurate. Any forward-looking statement may rely on a number of assumptions concerning future events and be subject to a number of uncertainties and other factors, many of which are outside our control, that could cause actual results to differ materially from such statements. We are not obligated to update or revise any forward-looking statements whether as a result of new information, future events or otherwise. With respect to our internal systems, we have identified projects that we deem to be mission critical on a corporate level. These projects have been classified based on the relationships of the systems involved and the impact of these systems on our business.
Some projects involve more than one system.
We deem a project to be mission critical if the failure to timely complete the Y2K remediation for that project would cause substantial disruption in, or cessation of, our business. Corporate mission critical projects include, for example, systems for payroll, general accounting, and telecommunications. We have identified the following distinct areas for EDC's Y2K compliance efforts. These include computer systems and applications relating to operations such as financial reporting, human resources, marketing and sales, purchasing, and general accounting systems. In 1998 we implemented a compliance plan focusing on these critical systems.