Worth, Kansas City, and San Francisco. To remain competitive, we must continue to enhance and improve the functionality and features of our websites and technology infrastructure. From Karate, gymnastics, ballet and swimming. Any such access, disclosure or other loss of information could result in legal claims or proceedings, liability under laws that protect the privacy of personal information, and regulatory penalties, disrupt our operations and the services we provide to customers, and damage our reputation, and cause a loss of confidence in our products and services, which could adversely affect our business or operating margins, revenues and competitive position. We want our children to discover new activities they love, so we sign them up for art, swimming, music, and soccer.
Vargas Wrigley has the benefit of pitching Pearachute in front of Mark Cuban and Guest Shark Chris Sacca on Shark Tank. Our business is subject to risks relating to increasing competition for the leisure time and discretionary spending of consumers. And this market is only going to get bigger. We face competition with respect to any products that we may seek to develop or commercialize in the future. On some occasions, this pricing pressure results in lower revenue from a supply partner than we had anticipated based on our previous agreement with that supply partner. Last week we did a day in the Southlake area and experienced some of the offerings there. Product development requires substantial investments for research, refinement, and testing.
For example, changes in consumer needs and preferences could change the desirability of certain classes and activities offered on our platform. Traction: The parenting and tech worlds love Pearachute! Gift card purchases are nonrefundable. We've reduced churn to the lowest in the industry, one month getting as low as 1. If you feel the information provided is insufficient, you should not invest in the Company. It requires planning, patience, perseverance and thick skin. Declines in economic conditions in the United States may adversely impact our consolidated financial results.
If yes, who do you believe is the best candidate for the exemption? Investments in private companies are particularly risky and may result in total loss of invested capital. Not only did it bring in additional capital, but it really helped inspire some great conversations with other players in the space and got us in front of several interesting investors for our next round. Worth is a very large area so I was worried that there was only going to be classes far away from me but I was so happy to see fun options close by. Have you heard of Pearachute Kids? Republic is owned by OpenDeal. Our agreements with advertisers, advertising agencies, customers and other third parties may include indemnification provisions under which we agree to indemnify them for losses suffered or incurred as a result of claims of intellectual property infringement, damages caused by us to property or persons, or other liabilities relating to or arising from our products, services or other contractual obligations. In order to achieve the Company's near and long-term goals, the Company will need to procure funds in addition to the amount raised in the Offering. Recruiting and retaining highly qualified personnel is critical to our success.
A number of factors could adversely affect our operating results, including additional government-imposed increases in minimum wages, overtime pay, paid leaves of absence and mandated health benefits, mandated training for employees, increased tax reporting and tax payment, changing regulations from the National Labor Relations Board and increased employee litigation including claims relating to the Fair Labor Standards Act. Our past operating results may not be accurate indicators of future performance, and you should not rely on such results to predict our future performance. Insightful and innovative, Local Profile is the cultural compass of Collin County. The increasing availability of content on such devices, the improved video quality of the content on such devices and faster wireless delivery speeds may make individuals less likely to purchase our services. Increased competition may adversely affect our business and results of operations. These changes could lower cost barriers for our competitors desiring to enter into, or expand their presence in, the interactive services business. To date, the sharks have invested more than in various companies after engaging in numerous bidding wars and shark fights.
Then we headed off to open swim at Aquafit in Plano, where the girls got to glide like fishes through the water and play with toys provided. I checked in at the front and since I was with Pearachute everything was all set. The secure processing, maintenance and transmission of this information is critical to our operations and business strategy. Although we believe that our tax estimates are reasonable: i there is no assurance that the final determination of tax audits or tax disputes will not be different from what is reflected in our income tax provisions, expense amounts for non-income based taxes and accruals; and ii any material differences could have an adverse effect on our financial position and results of operations in the period or periods for which determination is made. Technical developments, client requirements, programming languages, and industry standards change frequently in our markets. The quintessential multi-tasker, she splits her time with her children and navigating the city. Despite our security measures, our information technology and infrastructure may be vulnerable to attacks by hackers or breached due to employee error, malfeasance or other disruptions.
What if I told you there was a way to do a variety of fun kids classes for one low monthly cost? The point is — those packages of lessons are non-refundable. We may be exposed to liability if we lose or terminate a subcontractor or teaming partner due to a dispute, and subsequently have difficulty engaging an appropriate replacement or otherwise performing their functions in-house, such that we fail to fulfill our contractual obligations to our customer. We have been blown away by the success of the Republic campaign. They are constantly growing and adding more classes and hopefully expanding to more locations as well. Any such breach could compromise our networks and the information stored there could be accessed, publicly disclosed, lost or stolen. Republic does not verify information provided by companies on this Portal and makes no assurance as to the completeness or accuracy of any such information.
When we finished there, we headed to Central Market, where the girls got their pick of yummy food and got to play with other kiddos on the outdoor playspace. Adding the ability to book birthday parties. We do not have the internal infrastructure necessary, and are not required, to complete an attestation about our financial controls that would be required under Section 404 of the Sarbanes-Oxley Act of 2002. From cuisine to current events, Local Profile delivers compelling content to a diverse, active, influential and involved readership. Gift cards can be used by both new and existing members.
From there we headed to Sweet and Sassy, where the girls got their hair cut and styled in a fun way. We then receive a discounted rate from our supply partners on the courses they offer to our users. The failure to attract and retain personnel or to develop such expertise could delay or halt the development and commercialization of our product candidates. A disruption, infiltration or failure of our information infrastructure systems or any of our data centers as a result of software or hardware malfunctions, computer viruses, cyber attacks, employee theft or misuse, power disruptions, natural disasters or accidents could cause breaches of data security, loss of critical data and performance delays, which in turn could adversely affect our business. Pearachute is not just about the bond between children and the people who care for them. But most important, we've discovered with confidence that we've created a product that people love, that brings families closer together and fuels local businesses. Our hope is that these women owners contribute to and benefit from the successful outcome of Pearachute.
Desiree Vargas Wrigley: I absolutely recommend running an equity crowdfunding campaign as long as companies are aware of the cost and time commitment and as long as they have the plan, network, and guidance to be successful. Connect with Pearachute on and. Inability to introduce or implement new or enhanced products in a timely manner could result in loss of market share if competitors are able to provide solutions to meet customer needs before we do, give rise to unanticipated expenses related to further development or modification of acquired technologies as a result of integration issues, and adversely affect future performance. As a former general partner at LightBank, Paul led investments in several successful internet firms, such as Udemy, CoffeeMeetsBagel, ElaCarte, Talentbin, Cleversense, and Contently. The Company is dependent on Desiree Vargas Wrigley in order to conduct its operations and execute its business plan, however, the Company has not purchased any insurance policies with respect to those individuals in the event of their death or disability. The potential entrants may have competitive advantages over us, such as greater name recognition, longer operating histories, more varied services and larger marketing budgets, as well as greater financial, technical and other resources. As a result, success in current markets and new markets will depend upon our ability to enhance current products, address any product defects or errors, acquire or develop and introduce new products that meet client needs, keep pace with technology changes, respond to competitive products, and achieve market acceptance.