Welcome and thank you for standing by. At this time, all participant lines are in a listen-only mode. After today's presentation you'll have the opportunity to ask questions. Today's conference call is being recorded. If you have any objections to this, you may disconnect at any time.
Welcome, and thank you for standing by. At this time, all participants are in a listen-only mode. After the presentation, we will conduct a question-and-answer session. (Operator Instructions).