HONOLULU – go! Mokulele today reported preliminary traffic figures for July 2010 and noted it generated 11.98 million available seat miles and 8.91 million revenue passenger miles versus 13.87 million available seat miles and 10.25 million revenue passenger miles in July 2009. go! Mokulele recorded a 74 percent load factor compared to 74 percent for the same period in 2009 while passenger enplanements were 68,967 compared to 72,573 passengers carried in July 2009.

July Results                                    Jul-10        Jul-09       Change 

Revenue Passenger Miles (000)         8,907        10,247        -13.07% 
Available Seat Miles (000)                11,975        13,871       -13.67% 
Passengers Carried                         68,967         72,573       -4.97% 
Load Factor                                    74.38%        73.87%      0.5 pts

 

                                                                                                                                            

Year-to-date Results                        YTD 10     YTD 09     Change   

Revenue Passenger Miles (000)   51,660    62,908   -17.88% 
Available Seat Miles (000)          75,683    93,091   -18.70% 
Passengers Carried                  391,878  435,790   -10.08% 
Load Factor                            68.26%   67.58%    0.7 pts

“We are encouraged by the continued improvement in the travel market this summer.  With our convenient schedules and low fares we aim to make an important contribution to the growth and development of tourism and other business throughout the state,” said Jonathan Ornstein, Mesa Air Group, Inc. CEO.  “It is our continuing mission to help the state’s friends, families and business people to visit each other more frequently,” he continued.

UPDATE: Mesa currently operates 87 aircraft with over 525 daily system departures to 82 cities, 33 states, Canada and Mexico. Mesa operates as Delta Connection, US Airways Express and United Express under contractual agreements with Delta Air Lines, US Airways and United Airlines, respectively. In June 2006 Mesa launched inter-island Hawai’i service as go! and in October 2009 formed a joint-venture with Mokulele Airlines. The go! Mokulele operation links Honolulu to the neighbor island airports of Hilo, Kahului, Kona, Ho’olehua, Lana’i and Lihu’e utilizing 5 CRJ-200 aircraft operated by Mesa Airlines and 4 Cessna Grand Caravan aircraft operated by Mokulele Flight Service. Mesa, founded by Larry and Janie Risley in New Mexico in 1982, has approximately 2,800 employees. 

This press release contains various forward-looking statements that are based on management's beliefs, as well as assumptions made by and information currently available to management. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable; it can give no assurance that such expectations will prove to have been correct. Such statements are subject to certain risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated, projected or expected.
 
For further information please contact:
Jonathan Ornstein
CEO, Mesa Air Group, Inc.
Tel. +1 602 685 4010
www.iflygo.com

HONOLULU – go! Mokulele today reported preliminary traffic figures for June 2010 and noted it generated 11.40 million available seat miles and 8.09 million revenue passenger miles versus 13.45 million available seat miles and 9.59 million revenue passenger miles in June 2009. go! Mokulele recorded a 71 percent load factor compared to 71 percent for the same period in 2009 while passenger enplanements were 61,962 compared to 67,150 passengers carried in June 2009.

 

June Results                                   Jun-10        Jun-09       Change 

Revenue Passenger Miles (000)         8,090           9,559       -15.37%               

Available Seat Miles (000)                 11,401         13,445      -15.20%               

Passengers Carried                          61,962          67,150     -7.73%                 

Load Factor                                     70.96%         71.10%     (0.1) pts

                                                                                                                                            

Year-to-date Results                        YTD 10     YTD 09     Change   

Revenue Passenger Miles (000)         42,753        52,661     -18.81%               

Available Seat Miles (000)                 63,708        79,220     -19.58%               

Passengers Carried                          322,911       363,217   -11.10%               

Load Factor                                     67.11%        66.47%    0.6 pts

 

“For the past four years, go! Mokulele has consistently brought competition to Hawai’i, bringing lower airfares and the ability for the state’s friends, families and business people to visit each other more frequently,” said Jonathan Ornstein, Mesa Air Group, Inc. CEO.  “We are optimistic that while confidence returns to the travel market this summer, our convenient schedules and low fares will continue to make an important contribution to the growth and development of business throughout the stateI would like to take this opportunity to thank the people of Hawai’i for their continued support and our partners and all the team at go! Mokulele for their commitment and hard work,” he continued.

On June 9, 2010, go! Mokulele celebrated its fourth anniversary of service as Hawai’i’s Low Fare Airline.  The company estimates since its entry into the market lower airfares have saved passengers over half a billion dollars.

 

HONOLULUgo! Mokulele, Hawaii’s Low Fare Airline, today announced on June 9, 2010, it will celebrate its fourth anniversary of service with special one-way fares of $39*.  Starting today, go! Mokulele will sell all available seats for travel on June 9 for only $39*. Tickets must be purchased by June 8, 2010.  Passengers may book travel by visiting www.iflygo.com or by calling (888) iflygo2.  

“For the past four years, go! Mokulele has consistently brought competition to Hawai’i, bringing lower airfares and the ability for the state’s friends, families and business people to visit each other more frequently. This has also enabled Hawai’i residents to spend valuable dollars on other goods and services in the local economy,” said Jonathan Ornstein, Mesa Air Group, Inc. CEO.

“Since our launch of go! four years ago, we estimate the decline of interisland airfares has saved Hawai’i travelers over half a billion dollars,” said Joe Bock, go! Mokulele Chief Marketing Officer.

“I’d like to thank all of our loyal passengers who have shown incredible support over the last four years, as well as all of our crews, employees and vendors who have gone above and beyond the call of duty to help us build our business here in Hawai’i,” Mr. Ornstein continued.

HONOLULU March 8, 2010 – go! Mokulele today reported preliminary traffic figures for February 2010 and noted it generated 9.45 million available seat miles and 6.63 million revenue passenger miles versus 12.00 million available seat miles and 7.95 million revenue passenger miles in February 2009. go! Mokulele recorded a 70.13 percent load factor compared to 66.23 percent for the same period in 2009 while passenger enplanements were 50,590 compared to 56,052 passengers carried in February 2009. go! Mokulele recorded an 82.3 percent on time performance for February 2009.


February Results                        Feb-10          Feb-09        Change
Revenue Passenger Miles (000)     6,630            7,949       -16.60%
Available Seat Miles (000)             9,453          12,002       -21.24%
Passengers Carried                     50,590          56,052       -9.74%
Load Factor                                70.13%         66.23%       3.9 pts


Year-to-date Results                    YTD 10          YTD 09        Change
Revenue Passenger Miles (000)    13,518           16,530       -18.22%
Available Seat Miles (000)            20,696           25,285       -18.15%
Passengers Carried                    100,915         114,268       -11.69%
Load Factor                                 65.31%           65.38%     (0.1) pts

Paul Skellon, Vice President go! said, “While capacity adjustments provided for improved passenger loads, the decline in Hawai’i visitor numbers and the seasonally quiet demand for inter-island travel resulted in fewer overall travelers compared the same period last year.” Mr. Skellon continued, “We are however seeing an encouraging demand for travel in the coming months as people make plans for spring break, the Merrie Monarch festival and the Easter holidays.”

Mesa Air Group Chairman and CEO, Jonathan Ornstein, said, “We are cautiously optimistic that as confidence returns to the travel market in 2010, our convenient schedules and low fares will continue to make an important contribution to the growth and development of tourism and business throughout Hawai’i.” Mr. Ornstein added, “I would like to take this opportunity to thank the people of Hawai’i for their continued support and our partners and all the team at go! Mokulele for their commitment and hard work.”

Mesa currently operates 113 aircraft with over 650 daily system departures to 120 cities, 39 states, Canada and Mexico. Mesa operates as Delta Connection, US Airways Express and United Express under contractual agreements with Delta Air Lines, US Airways and United Airlines, respectively. In June 2006 Mesa launched inter-island Hawaiian service as go! and in October 2009 formed a joint-venture with Mokulele Airlines. The go! Mokulele operation links Honolulu to the neighbor island airports of Hilo, Kahului, Kona, Ho’olehua and Lihu’e. The Company, founded by Larry and Janie Risley in New Mexico in 1982, has approximately 3,500 employees.

This press release contains various forward-looking statements that are based on management's beliefs, as well as assumptions made by and information currently available to management. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable; it can give no assurance that such expectations will prove to have been correct. Such statements are subject to certain risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated, projected or expected.

goTeam , posted on Feb 17 2010, 12:24

HONOLULU February 17, 2010 – go! Mokulele today reported preliminary traffic figures for January 2010 and noted it generated 11.24 million available seat miles and 6.89 million revenue passenger miles versus 13.28 million available seat miles and 8.58 million revenue passenger miles in January 2009. go! Mokulele recorded a 61.26 percent load factor compared to 64.60 percent for the same period in 2009 while passenger enplanements were 50,325 compared to 58,216 passengers carried in January 2009. go! Mokulele recorded an 82.3 percent on time performance for January 2009.

January  Results                             Jan-10                       Jan-09               Change                

Revenue Passenger Miles (000)         6,888                         8,581                 -19.73%               

Available Seat Miles (000)                 11,243                       13,283               -15.36%               

Passengers Carried                          50,325                       58,216               -13.55%               

Load Factor                                     61.26%                      64.60%                 (3.3) pts

                                                                                                                                            

Year-to-date Results                        YTD 10                      YTD 09              Change                

Revenue Passenger Miles (000)         6,888                         8,581                 -19.73%               

Available Seat Miles (000)                 11,243                       13,283               -15.36%               

Passengers Carried                          50,325                       58,216               -13.55%               

Load Factor                                     61.26%                      64.60%                 (3.3) pts

 

Paul Skellon, Vice President go! said, “ While January is typically a quiet month for travel, the decline in visitors coming to Hawaii is also reflected in reduced demand for inter-island travel compared to the previous year.” Mr. Skellon continued, “We are now seeing an encouraging demand for travel in the coming months as people make plans for Spring Break, the Merrie Monarch festival and the Easter Holidays.

Mesa Air Group Chairman and CEO, Jonathan Ornstein said, “We are cautiously optimistic that as confidence returns to the travel market in 2010, our convenient schedules and low fares will continue to make an important contribution to the growth and development of tourism and business throughout Hawaii.”  Mr. Ornstein added, “I would like to take this opportunity to thank the people of Hawaii for their continued support and our partners and all the team at go! Mokulele for their commitment and hard work. 

Mesa currently operates 120 aircraft with over 650 daily system departures to 126 cities, 41 states, Canada and Mexico. Mesa operates as Delta Connection, US Airways Express and United Express under contractual agreements with Delta Air Lines, US Airways and United Airlines, respectively. In June 2006 Mesa launched inter-island Hawaiian service as go! and in October 2009 formed a joint-venture with Mokulele Airlines. The go! Mokulele operation links Honolulu to the neighbor island airports of Hilo, Kahului, Kona, Ho’olehua and Lihue. The Company, founded by Larry and Janie Risley in New Mexico in 1982, has approximately 3,500 employees.

This press release contains various forward-looking statements that are based on management's beliefs, as well as assumptions made by and information currently available to management. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable; it can give no assurance that such expectations will prove to have been correct. Such statements are subject to certain risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated, projected or expected.

 

goTeam , posted on Jan 27 2010, 04:23

HONOLULU January 20, 2010 – go! Mokulele announced preliminary traffic from its joint-venture operations for December 2009. The combined operations generated 12.48 million available seat miles and 8.20 million revenue passenger miles versus 13.23 million available seat miles and 8.89 million revenue passenger miles in December 2008. go! Mokulele recorded a 65.55 percent load factor compared to 67.12 percent for the same period in 2008 while passenger enplanements were 59,857, a 1.74 percent increase over the 58,833 passengers carried in December 2008. go! Mokulele recorded a 77 percent on time performance for December 2009.

December Results                           Dec-09      Dec-08    Change  

Revenue Passenger Miles (000)           8,183        8,881     -7.86%                 

Available Seat Miles (000)                 12,484       13,232     -5.65%                 

Passengers Carried                           59,857      58,833       1.74%                  

Load Factor                                      65.55%      67.12%     (1.6) pts                                                                                                       

Year-to-date Results                        YTD 09        YTD 08    Change 

Revenue Passenger Miles (000)          102,099       116,294     -12.21%               

Available Seat Miles (000)                  152,477        171,896    -11.30%               

Passengers Carried                           714,575        796,507    -10.29%               

Load Factor                                       66.96%        67.65%     (0.7) pts

Paul Skellon, Vice President go! Mokulele said, “We are delighted with the synergies and benefits resulting from our recent joint-venture agreement between go! and Mokulele.” Mr. Skellon continued, “Both brands continue to perform well and have demonstrated they compliment each other nicely.”

“Mesa Air Group Chairman and CEO, Jonathan Ornstein said, “I am cautiously optimistic that as confidence returns to the travel market in 2010 our convenient schedules and low fares will continue to make an important contribution to the growth and development of tourism and business throughout Hawaii.”  Mr. Ornstein added,” I would like to take this opportunity to thank the people of Hawaii for their continued support and wish them, our partners and all the team at go! Mokulele, a safe, prosperous 2010.”

Mesa currently operates 130 aircraft with approximately 700 daily system departures to 127 cities, 41 states, Canada and Mexico. Mesa operates as Delta Connection, US Airways Express and United Express under contractual agreements with Delta Air Lines, US Airways and United Airlines, respectively, and independently as go! Mokulele. This operation links Honolulu to the neighbor island airports of Hilo, Kona, Kahului, Ho’olehua and Lihue. The Company, founded by Larry and Janie Risley in New Mexico in 1982, has approximately 3,500 employees.

This press release contains various forward-looking statements that are based on management's beliefs, as well as assumptions made by and information currently available to management. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable; it can give no assurance that such expectations will prove to have been correct. Such statements are subject to certain risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated, projected or expected.

 

For further information please contact:

Paul Skellon
Vice President go! Mokulele

Tel. + 808 838 7900

goTeam , posted on Jan 07 2010, 08:29

  

Honolulu, December 14, 2009go! Mokulele today reported preliminary traffic figures for November 2009 and noted it generated 11.69 million available seat miles and 8.04 million revenue passenger miles versus 12.74 million available seat miles and 8.14 million revenue passenger miles in November 2008.  go! recorded a 68.75 percent load factor compared to 63.86 percent for the same period in 2008 while passenger enplanements were 55,996, a 0.73 percent increase over the 55,591 passengers carried in November 2008.

 

November Results Nov-09 Nov-08 Change
Revenue Passenger Miles (000) 8,035  8,138  -1.27%
Available Seat Miles (000) 11,688   12,744  -8.29%
Passengers Carried 55,996 55,591 0.73%
Load Factor 68.75% 63.86% 4.9 pts
 
Year-to-Date Results YTD 09 YTD 08 Change
Revenue Passenger Miles (000) 93,916 107,413 -12.57%
Available Seat Miles (000) 139,993 158,664 -11.77%
Passengers Carried 654,718 737,674 -11.25%
Load Factor 67.09% 67.70% (0.6) pts

 

 

Paul Skellon, Vice President go! said, “While year over year passenger numbers were predictably up following our recent joint venture agreement with Mokulele Airlines, prudent matching of capacity with demand remains a focus for us.” Mr. Skellon added, “I would like to thank everyone on the team for their dedication in bringing about this exciting merger in record time.”

 

Mesa Air Group Chairman and CEO, Jonathan Ornstein said, “In spite of the impact that the current economic climate has had on Hawaii’s tourism industry, I remain optimistic that as conditions improve, go! Mokulele is well positioned to succeed as Hawaii’s only low cost carrier.” Mr. Ornstein continued, “Each of us at go! Mokulele reaffirm our commitment to serving the people and businesses of Hawaii with friendly, convenient service and affordable air fares. We thank you for your business and continued support and extend the warmest holiday greetings to each of our customers and partners.”

 

go! Home for the Holidays with our special low fares. Fares begin at $58* each-way (not including government taxes and fees, restrictions apply). With up to 108 daily flights, easily share in the special moments of the season without breaking your holiday budget. Visit www.iflygo.com for details.

Aloha, 

As you may have heard, Mesa Air Group recently announced it has sought protection under Chapter 11 of the Bankruptcy Code. We would like to provide you with additional information regarding this financial restructuring and what it means for go! Mokulele. 

go! has served the Hawaii inter-island market for over three years. We remain fully committed to continuing these services uninterrupted for years to come. Mesa provides regional jet services to go! Mokulele under a fight services agreement. 
The joint venture itself is its own separate entity and is not included in the Mesa Chapter 11 proceedings. 

On behalf of Mesa Airlines, I want to emphasize our commitment to the go! Mokulele operation and assure you that go! Mokulele is operating its full flight schedule. Tickets will be sold and honored, all terms and conditions governing tickets purchased remain the same, our frequent flyer program remains intact, and we intend to continue to service you with the low cost, high quality service you have come to rely on. In fact, this restructuring will be virtually unnoticeable to you! 

Importantly, Mesa Air Group and its subsidiaries are not going out of business. Chapter 11 means reorganization, not liquidation. In fact, Mesa took this action to preserve the business. The Company will continue to operate its business uninterrupted. 

Mesa has sufficient cash to continue funding its day-to-day and ongoing operations, and I and the rest of Mesa’s management team are committed to its long-term future. This future includes continued, uninterrupted service to go! Mokulele. 

Understandably, you may be wondering how and why this happened. Over the past two years, we have worked closely with our lessors, creditors and other constituents to restructure our financial obligations. These efforts have led to the elimination of over $160 million of debt obligations, the return of a number of aircraft, and the restructuring of inventory management and engine overhaul agreements. We are nonetheless faced with an untenable financial situation resulting primarily from our continued lease obligations on aircraft excess to our current requirements. After careful consideration, the Company determined that a Chapter 11 filing provides the most effective and efficient means to restructure with minimal impact on the business and our customers. This process will allow us to eliminate excess aircraft to better match our needs and give us the flexibility to align our business model to the changing regional airline marketplace, ensuring a leaner and more competitive company poised for future success. 

You have our commitment that we will continue to update you throughout this process. Moreover, we invite you to visit the special reorganization section of the website 
www.mesa-air.com/restructuring. We truly value your business and are committed to meeting your travel needs – now and in the future. 

Regards, 

Jonathan G. Ornstein 
Chairman and Chief Executive 
Mesa Air Group 

Customer Q&A

  

MESA ANNOUNCES JOINT VENTURE BETWEEN go! AND MOKULELE

 

PHOENIX, Oct. 13, 2009 /PRNewswire-FirstCall/ -- MESA AIR GROUP, INC. (Nasdaq: MESA) today entered into agreements with Mokulele Flight Service Inc. d/b/a Mokulele Airlines and its majority shareholder to create a joint venture to provide Hawaii inter-island airline service under the go! and Mokulele brand names.  Under the terms of the agreements Mesa will own 75% of the units and Mokulele shareholders will own 25%.  In combination, these agreements will form Hawaii’s second largest inter-island airline and Hawaii’s only low cost carrier, ensuring a strong competitive presence in the inter-island market for the benefit of consumers.  Routes currently served by Mokulele partner Shuttle America will be operated by Mesa Airlines d/b/a go!.  Passengers will continue to book reservations on both go! (visit www.iflygo.com) and Mokulele (visit www.mokulele.com), check in for jet services at the newly co-branded go! Mokulele ticket counters and will have the added benefit of seamless travel to the destinations served by both airlines.  Existing reservations booked with both go! and Mokulele will be honored.

 

Mesa Air Group Chairman and CEO, Jonathan Ornstein said, "We are delighted and privileged to launch this joint venture and build upon go!’s strong reputation as Hawaii’s only low cost provider of inter-island service.  This strategic alliance in partnership with Mokulele is a first among regional airlines and will provide a tremendous platform for the future growth of the go! and Mokulele brands.  We look forward to making a positive contribution to the development of this joint venture and to forging a strong, long-term relationship with our friends at Mokulele and Republic."

 

Mokulele CEO Scott Durgin said, "The partnership announced today is an exciting and positive step for Mokulele and its passengers.  We look forward to working with our new partners at go! and are confident that Mokulele and go! will continue to meet and exceed our passengers’ expectations.  This combination will ensure that the Hawaii inter-island market is served by a strong competitor offering continued low fares to the traveling public and in particular our loyal ohana."

 

Mesa currently operates 136 aircraft with approximately 800 daily system departures to 126 cities, 40 states, the District of Columbia, Canada, and Mexico. Mesa operates as Delta Connection, US Airways Express and United Express under contractual agreements with Delta Air Lines, US Airways and United Airlines, respectively, and independently as Mesa Airlines and go!. In June 2006 Mesa launched inter-island Hawaiian service as go!. This operation links Honolulu to the neighbor island airports of Hilo, Kahului, Kona and Lihue. The Company, founded by Larry and Janie Risley in New Mexico in 1982, has approximately 3,700 employees and was awarded Regional Airline of the Year by Air Transport World magazine in 1992 and 2005. 

Mesa Website: www.mesa-air.com  

 

 

FOR IMMEDIATE RELEASE                                                                 

August 3, 2009

 go! Hawaii's Low Fare Airline Reports July 2009 Traffic

 

Honolulu, HI – go! today reported preliminary traffic figures for July 2009 and noted it achieved a 73.87% load factor compared to 70.40% for the same period in 2008 while passenger enplanements were 72,573, a 5.62% decrease over the 76,895 passengers carried in July 2008. Last month go! generated 13.87 million available seat miles and 10.25 million revenue passenger miles versus 15.67 million available seat miles and 11.03 million revenue passenger miles in July 2008.

 

July Results Jul-09 Jul-08 Change
Revenue Passenger Miles (000) 10,247 11,033 -7.12%
Available Seat Miles (000) 13,871 15,672 -11.49%
Passengers Carried 72,573 76,895 -5.62%
Load Factor 73.87% 70.40% (3.5) pts
 
Year-to-Date Results YTD 09 YTD 08 Change
RPM (000) 62,908 70,374 -10.61%
ASM (000) 93,091 104,010 -10.50%
Passengers Carried 435,790 485,367 -10.21%
Load Factor 67.58% 67.66% 0.1 pts

 

 

Paul Skellon, Vice President go! said, "In spite of the very difficult economic climate which continues to impact Hawaii visitor numbers, we are pleased to have once again achieved a month of higher year over year load factor. It is important we continue to carefully match capacity with demand while maintaining a convenient high-frequency interisland schedule for our business and leisure customers."

 

Mesa Air Group Chairman and CEO, Jonathan Ornstein said, "I would like to pay tribute to everyone throughout our organization whose commitment and hard work has built a solid foundation for go!'s future growth and success. In spite of falling tourism and a difficult economic environment, we remain optimistic that 2009 will be a year of continuing progress and opportunity for go! and we thank the people and businesses of Hawaii for their continued support during these difficult times."

 

Passengers who register for go! Miles frequent flyer program are able to earn go! Miles redeemable for travel and can earn 500 miles just by registering online. Members of the program also receive go!'s monthly newsletter with frequent opportunities to win free neighbor island and mainland vacation getaways! Additional information is available and tickets can be booked online at www.iflygo.com or by calling toll free 1-888-IFLYGO2.

 

Mesa currently operates 144 aircraft with over 800 daily system departures to 108 cities, 38 states, Canada and Mexico. Mesa operates as Delta Connection, US Airways Express and United Express under contractual agreements with Delta Air Lines, US Airways and United Airlines, respectively, and independently as Mesa Airlines and go!. In June 2006 Mesa launched inter-island Hawaiian service as go!. This operation links Honolulu to the neighbor island airports of Hilo, Kahului, Kona and Lihue. The Company, founded by Larry and Janie Risley in New Mexico in 1982, has approximately 5,000 employees and was awarded Regional Airline of the Year by Air Transport World magazine in 1992 and 2005. Mesa is a member of the Regional Airline Association and Regional Aviation Partners.
 

 

This press release contains various forward-looking statements that are based on management's beliefs, as well as assumptions made by and information currently available to management. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable; it can give no assurance that such expectations will prove to have been correct. Such statements are subject to certain risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated, projected or expected.