investment statement for - Pumpkin Patch investor relations

and distributors. There can be no assurance that thesearrangements once established, will continue. In the eventthat one or more of these arrangements ends or provesunsatisfactory, the Company would seek to negotiateacceptable alternative arrangements, or to open its ownstores.Management of Growth OpportunitiesPumpkin Patch is pursuing new initiatives, including expansionwithin existing markets and into new markets and newdistribution models. Pumpkin Patch expects that growth andincreased operating complexity will place additionaldemands on its systems and its personnel given the additionaltime and space needed to service the greater demand forproduct and to anticipate and meet the particularrequirements of new markets and new initiatives. If theCompany's systems, personnel or distribution networks areunable to keep pace with these demands, the business,operating results and financial condition of Pumpkin Patchmay be adversely affected.If new initiatives cannot be implemented satisfactorily, or onceimplemented, fail to perform satisfactorily, Pumpkin Patch mayneed to withdraw from an activity which may adversely affectearnings and assets.Pumpkin Patch may find that it cannot continue to expand itsbusiness in the New Zealand and Australian market. This mayresult in lower growth or decreased earnings from this market.Stock Market InvestmentThe price of the Shares on the NZX may rise or fall due tonumerous factors which may affect the market price ofPumpkin Patch Shares, including:• General economic conditions, including performance of theNew Zealand dollar on world markets, inflation rates andinterest rates;• Variations in the general market for listed stocks, in general,or for New Zealand stocks, in particular;• Changes to government policy, legislation or regulation; and• General operational and business risks.In particular, the share prices for many companies have inrecent times been subject to wide fluctuations, which in manycases may reflect a diverse range of non-company specificinfluences such as global hostilities, acts of terrorism and thegeneral state of the world economy. Such market fluctuationsmay adversely affect the market price of the Shares.No assurances can be made that Pumpkin Patch’s marketperformance will not be adversely affected by any suchmarket fluctuations or factors.Liquidity and Realisation RiskThere can be no guarantee that an active market in theShares will develop or that the price of the Shares will increase.There may be relatively few or many potential buyers or sellersof the Shares on NZX at any time. This may increase thevolatility of the market price of the Shares. It may also affectthe prevailing market price at which shareholders are able tosell their Shares. This may result in shareholders receiving amarket price for their Shares that is less or more than the pricethat shareholders paid.Investors should also seek professional guidance from theirstockbrokers, solicitors, accountants and other professionaladvisers before deciding whether to invest.44