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Good afternoon. My name is Sandy and I will be your conference operator today. At this time I would like to welcome everyone to the fourth quarter and full year 2011 earnings conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session. (Operator Instructions).
Thank you. It is now my pleasure to turn the call over to Mrs. Janine Zanelli, Senior Director of Investor Relations at Local Corporation.
Welcome to Local Corporation's fourth quarter and full year 2011 conference call. With me are Local's Chairman and CEO Heath Clarke and our Chief Financial Officer, Ken Cragun. Heath and Ken will discuss our results and outlook for the first quarter and full year 2012 and will then open the line for questions.
Today's discussion includes forward-looking statements that are subject to risks and uncertainties that can cause actual results to differ materially from those expressed in the forward-looking statements. These risks and uncertainties will be outlined at the end of this conference call and are detailed on Local.com's SEC filings. Any forward-looking statements are only made as of the date of this conference call and we undertake no obligation to update such statements to reflect subsequent events or circumstances.