Year 2000 Readiness Disclosure Statement
Many currently installed computer systems and software products are coded to accept only two-digit entries in the date code field. Beginning in the year 2000, these date code fields will need to accept four-digit entries to distinguish the 21st century dates from 20th century dates. As a result, in less than one year, computer systems and/or software used by many companies may need to be upgraded to comply with such "Year 2000" requirements. Management has a continuing Year 2000 program, which has already identified several systems that are not yet Year 2000 compliant. The Company has substantially completed an inventory of its systems, software and embedded chips, and is in the process of obtaining confirmations from critical third parties with respect to their computers, software and systems. Many systems have already been replaced over the past two years in the ordinary course of Company plans for upgrading its equipment, software and systems. The Company has initiated the removal and exchange of other non-compliant systems and expects to continue such replacement or other remedial programs to assure that its computers, software, and other systems will continue to operate in the Year 2000. The Company's costs to date to resolve its Year 2000 problems is not material; however, the total amount it will spend to remediate such issues remains uncertain. The Company believes such costs will not have a material effect on the Company's consolidated financial position or results of operations. There can be no assurance, however, that the Company's computer systems and applications of other companies on which the Company's operations rely, will be timely converted, or that any such failure to convert by another company will not have a material adverse effect on the Company systems. Moreover, a failure of (i) the Company's scientific, manufacturing and other equipment to operate at all or operate accurately, (ii) clinical trial site medical equipment to perform properly, (iii) necessary materials or supplies to be available to the Company when needed, or (iv) other equipment, software, or systems as a result of Year 2000 problems, could have a material adverse effect on the Company's business or financial condition.
This information is updated from time to time. Please check Alliance's publicly-filed documents, including 10-Qs and 10-Ks, and this Web page from time to time for updated information on Alliance's Year 2000 readiness status.