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Bitstream Management Discusses Q2 2011 Results - Earnings Call Transcript

Bitstream (BITS)

Q2 2011 Earnings Call

August 15, 2011 4:30 pm ET

Executives

Unknown Speaker -

James Dore - Chief Financial Officer, Principal Accounting Officer and Vice President

Costas Kitsos - Vice President of Engineering

Analysts

Unknown Analyst -

George Guppy

Presentation

Operator

Good day, ladies and gentlemen, and welcome to the Bitstream Earnings Release Conference Call. [Operator Instructions] As a reminder, this conference call is being recorded. I would now like to turn the conference over to your host today, Jim Dore, Vice President and Chief Financial Officer. Please begin.

James Dore

Hello, and welcome to Bitstream Inc. Second Quarter 2011 Conference Call. I am James Dore, Vice President and Chief Financial Officer, Bitstream. And here with me today are Costas Kitsos, Bitstream's Vice President of Engineering, who is currently focused on our Publishing division; John Collins, Vice President and Chief Technology Officer currently focused on our MyFonts.com e-commerce business; and Sampo Kaasila, Vice President of Research and Development, who is focused on our browsing and OEM-type product lines.

Amos Kaminski, our Executive Chairman and CEO, has asked me to read the following statements.

Good afternoon. I apologize for not being able join the call today. As a results of ongoing exploration of strategic alternatives, the company continues to actively pursue a sale of the business in full or in part. No definitive agreements or understandings have been reached and there can be no assurance that any such transaction will be consummated. Also, regarding our search for a new CEO, several potential candidates have been identified, for the selection process is a part of the company's broad strategic review. As such, nothing further can be said at this time. We will begin this conference call with highlights from the quarter, followed by a question-and-answer session

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