1
Forward-Looking Statements
This
presentation
contains
“forward-looking
statements,”
within
the
meaning
of
the
federal
securities
laws
that
involve
risks
and
uncertainties.
All
statements
herein
that
address
activities,
events
or
developments
that
the
Company
expects
or
anticipates
will
or
may
occur
in
the
future,
including
the
Company’s
estimates
of
financial
performance
and
such
things
as
business
strategy,
measures
to
implement
strategy,
competitive
strengths,
goals,
references
to
future
success
and
other
events,
are
generally
forward-looking
statements.
As
previously
announced,
the
Company
has
restated
certain
of
its
previously
issued
financial
statements.
The
fiscal
2006
financial
statements
and
the
first
quarter
2007
financial
statements
(together
with
the
restatements
of
the
relevant
prior
corresponding
periods)
have
been
completed.
The
remainder
of
fiscal
2007
financial
statements
(as
well
as
the
restatement
of
any
relevant
corresponding
periods
of
fiscal
2006
(the
“Remaining
Restatement”))
are
in
the
process
of
being
prepared
and
accordingly
all
statements
herein
with
respect
to
such
fiscal
2007
financial
performance
are
preliminary
estimates
and
are
subject
to
revision
pending
completion
of
such
financial
statements.
The
Company’s
actual
results
may
differ
materially
from
its
estimates.
Whether
actual
results,
events
and
developments
will
conform
to
the
Company’s
expectations
is
subject
to
a
number
of
risks
and
uncertainties
and
important
factors,
many
of
which
are
beyond
the
control
of
the
Company.
Among
the
risks
and
uncertainties
which
could
cause
the
Company’s
actual
results
to
differ
from
those
contemplated
by
its
forward-looking
statements
are
the
risk
that
the
Company’s
actual
financial
results
may
change
as
a
result
of
the
completion
of
the
fiscal
2007
audit
and
the
review
of
the
second
and
third
quarters
of
fiscal
2007
and
the
Remaining
Restatement;
the
Company
may
not
be
able
to
successfully
develop
its
magazine
operations
so
that
they
continue
to
generate
sufficient
cash
flow
to
enable
the
Company
to
meet
its
obligations
under
its
senior
credit
facility
and
bond
indentures,
including
the
financial
covenants
under
its
senior
credit
facility;
actions
of
rating
agencies;
industry
and
general
economic
conditions;
the
Company’s
ability
to
realize
its
expected
benefits
from
cost
savings
and
revenue
enhancement
initiatives;
the
Company’s
ability
to
implement
and
maintain
an
effective
system
of
internal
controls
over
financial
reporting;
and
the
risks
and
uncertainties
contained
in
the
Company’s
periodic
reports
filed
with
the
Securities
and
Exchange
Commission.
Consequently,
all
forward-looking
statements
made
herein
are
qualified
by
these
cautionary
statements
and
there
can
be
no
assurance
that
the
results,
events
or
developments
referenced
herein
will
occur
or
be
realized.
Exhibit 99.1


The following information was filed by American Media Operations Inc on Monday, May 14, 2007 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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