The provisions of the Safe Harbor, to the extent that they relate to regulatory liability, are contained in a number of statutes or treaties. For example, according to the regulatory guidelines of the Securities and Exchange Commission (SEC), the provisions of the Safe Harbor protect management from any liability for the preparation of financial forecasts and forecasts in good faith. The Private Securities Litigation Reform Act of 1995 provides “safe harbor” for certain forward-looking statements. Companies generally add some form of disclaimer stating that any forward-looking statements found in their materials are true only at the time of their preparation, and further maintain that they have no obligation to update such written statements if conditions change or unexpected events subsequently affect the statement. However, these forward-looking statements should be identified by the use of certain prescribed words. This law allows companies to make speculative statements based on current market trends or seek guidance without fear of major impact, while ensuring that potential investors are informed of the speculative nature of the statements. Essentially, these companies can now choose whether their conversion costs fall into the categories of repair or capitalized improvement. Because of this safe haven, companies don`t have to worry about accidentally making the wrong choice and being punished for it later. Workday assumes no obligation and does not intend to update any forward-looking statements. For this reason, taxpayers had to look at a long list of requirements to determine which category their expenses fell into, and the process was confusing. To avoid confusion, the IRS created a Safe Harbor accounting policy for eligible retail and restaurant businesses. Here are some hypothetical examples of forward-looking statements: Similarly, individuals with websites may use a safe harbor provision to protect themselves from copyright infringement based on comments on their websites.
In U.S. business law, a forward-looking statement or safe harbor statement is a statement that cannot be considered mere historical fact. Forward-looking statements predict, predict or use future events as expectations or opportunities. These statements can often be misleading, as they can be mistaken for statements of fact when in fact they are speculation. Pursuant to U.S. Code 15 §78u-5, forward-looking statements may include future economic performance such as revenues or revenues, plans for future operations, or the use of a report prepared by an external auditor.   Under the U.S. Act, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, companies must comply with reporting standards that limit risk factors.
These laws were introduced in part to protect investors from ambiguous language and to prevent them from making a misinformed investment decision based on speculative statements. A safe harbor is a legal provision designed to circumvent or eliminate legal or regulatory liability in certain situations, provided certain conditions are met. Our discussion may include predictions, estimates or other information that could be considered forward-looking. Although these forward-looking statements represent our current assessment of what the future holds, they are subject to risks and uncertainties that could cause actual results to differ materially. We caution you not to place undue reliance on these forward-looking statements, which reflect only our views as of the date of this submission. Please note that we assume no obligation to revise or publicly disclose the results of any revisions to these forward-looking statements as a result of new information or future events. During today`s discussion, we will try to present some important factors related to our business that can influence our forecasts. You should also read our latest Forms 10-K and 10-Q for a more complete discussion of these and other risks, particularly under the heading “Risk Factors”. A PDF copy of our press release and financial tables containing a reconciliation of GAAP to non-GAAP can be viewed and downloaded from Oracle`s Investor Relations website at Oracle.com/investor. Forward-Looking Statements.
Our website may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. We intend that all forward-looking statements will conform to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can generally be identified by the fact that they do not relate solely to historical or current facts and by the use of forward-looking words such as “expect”, “expect”, “believe”, “anticipate”, “may”, “intend”, “believe”, “plan”, “estimate”, “target”, “predict”, “likely”, “search”, “project”, “model”, “ongoing”, “will”, “should”, “forecast”, “forecast”, “Outlook” or similar terminology. These statements are based on and reflect our current expectations, estimates, assumptions and/or projections, as well as our perception of historical trends and current conditions, as well as other factors that we believe are reasonable and appropriate in the circumstances. Forward-looking statements are not predictions or guarantees of future events, circumstances or performance and are inherently subject to known and unknown risks, uncertainties and assumptions that could cause our actual results to differ materially from those expressed in such statements. There can be no assurance that our expectations, estimates, assumptions and/or projections, including with respect to Yum!`s future earnings and returns or capital structure! The marks will prove to be accurate or that our expectations, estimates or forecasts will be met. Many factors could cause our actual results and events to differ materially from those expressed or implied by the forward-looking statements, including, but not limited to: the severity and duration of the COVID-19 pandemic, food safety and foodborne illness issues; health concerns arising from the emergence of a major health epidemic; the success of our franchisees and licensees; our significant exposure to the Chinese market; Changes in economic and political conditions in countries and territories outside the United States. . . .