These products provide effective, proven airway managementand are used in various clinical environments, including procedural sedation,pain management, operating rooms, critical care units, post-anesthesia careunits, emergency medical services, transport, alternate care and othersettings where patients' ventilation may be compromised and at risk.Certain statements made herein that are not historical areforward-looking within the meaning of the Private Securities LitigationReform Act of 1995. The words "estimate" "project" "intend" "expect""believe" and similar expressions are intended to identify forward-lookingstatements. These forward-looking statements involve known and unknown risksand uncertainties. Many factors could cause the actual results, performanceor achievements of the Company to be materially different from any futureresults, performance or achievements that may be expressed or implied by suchforward-looking statements, including, among others, our ability to maintainprofits, the market demands for our Capnography products, our ability tofocus our team on the Capnography business, changes in general economic andbusiness conditions, inability to maintain market acceptance to the Company'sproducts, inability to timely develop and introduce new technologies,products and applications, rapid changes in the market for the Company'sproducts, loss of market share and pressure on prices resulting fromcompetition, introduction of competing products by other companies, inabilityto manage growth and expansion, loss of key OEM partners, inability toattract and retain qualified personnel, inability to protect the Company'sproprietary technology.Furthermore, this press release does not constitute an offer to sell or asolicitation of an offer to buy any securities. The Company's shares issuedhave not been, and will not be, registered under the US Securities Act of1933, as amended (the "Securities Act"), or under any of the relevantSecurities Laws of any state of the United States. The Company's shares maynot be offered, sold or delivered, directly or indirectly, to, or for, theaccount of any US person (as defined in regulation S under the SecuritiesAct) in or into the United States, or by use of the US mail, or by any meansor instrumentality of United States interstate commerce, absent registration,or an exemption from registration under the Securities Act.For further Oridion information please contactAlan Adler, Chairman and Chief Executive OfficerWalter Tabachnik, Chief Financial OfficerElena Gerberg, Investor Relationse-mail: website: http:// 972-2-589-9159address: Oridion Systems Ltd., P.O. Box 45025, 91450 Jerusalem, IsraelSOURCEOridion Systems Ltd.For further Oridion information please contact: Alan Adler, Chairman and ChiefExecutive Officer, Walter Tabachnik, Chief Financial Officer, Elena Gerberg,Investor Relations, e-mail: , phone: 972-2-589-9159,address: Oridion Systems Ltd., P.O Box 45025, 91450 Jerusalem, Israel.
Tightening credit has also made itdifficult for potential buyers to get financing. Honda, Japan's second-biggest automaker, this week announcedfurther production cuts of 50,000 vehicles for the year toend-March, on top of the 370,000 that had been planned in NorthAmerica, Europe and Japan. ID:nT71705 "The sales environment is changing faster than we were ableto predict," Honda Executive Vice President Koichi Kondo told anews conference, noting that four profit warnings in a singleyear was probably unprecedented in Honda's history "We don't expect conditions in the U.S. to improve in thefirst half of next year, and we can only hope they will start torecover in the second half," he added. Struggling to clear bloated inventory, Honda is scheduled toclose its UK factory for four months starting in February.ID:nLG639292 Kondo said it would likely take until June or July to bringglobal inventory down to appropriate levels. Honda said it expected an operating profit for the year toend-March of 140 billion yen ($1.6 billion), down from a record953 billion yen last year and below its previous profit forecastof 180 billion yen.
Half of that will likely come from its motorcycle business,Kondo said, noting the segment's high level of local productionand parts procurement helped to shield Honda more effectivelyagainst currency swings compared with other Japanese carmakers. Honda expects annual net profit of 80 billion yen instead of185 billion yen. ID:nT190735 Analysts have said automakers' final results for this yearcould change dramatically depending on how much and how earlythey set aside reserves against financing losses and other coststo start the new year on a cleaner slate. Honda said it now sees losses from soured credit and fallingresidual values of used cars to total almost 100 billion yen thisyear, double what it had foreseen three months ago.