Does Cr3 American Exteriors undertake any duty to update any forward-looking statements?
Cr3_American_Exteriors Franchise · 2025 FDDAnswer from 2025 FDD Document
The Company's forward-looking statements are presented as of the date made, and the Company does not undertake any duty to update any forward-looking statements, whether as a result of new information, future events, or otherwise.
Source: Item 23 — RECEIPTS (FDD pages 53–150)
What This Means (2025 FDD)
According to the 2025 FDD, Cr3 American Exteriors does not commit to updating any forward-looking statements included in the document. The FDD contains forward-looking statements regarding potential impacts related to accounting reviews, audits, and related matters. These statements are based on the company management's current expectations, estimates, projections, beliefs, and assumptions. However, Cr3 American Exteriors explicitly states that there is no assurance that these expectations will be correct.
Because these forward-looking statements involve risks and uncertainties, actual events or results could differ materially from what is discussed. These risks include the loss of key personnel, inability to address accounting matters, identification of material weaknesses, disagreements with auditors, failure to complete audits, adverse effects from stock delisting, and costs related to litigation. Prospective franchisees are cautioned against placing undue reliance on these statements and are advised to consult Cr3 American Exteriors's most recent Annual Report on Form 10-K and other SEC filings for additional risks and uncertainties.
Cr3 American Exteriors explicitly states that these forward-looking statements are presented as of the date they were made, and the company does not undertake any duty to update them, whether due to new information, future events, or other factors. This means that franchisees should not expect to receive updated information on these forward-looking statements, and they should conduct their own due diligence to assess the current state of affairs.