Thank you, Steve. I want to take this opportunity to remind listeners that this call will contain forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. The Private Securities Litigation Reform Act of 1995 provided a Safe Harbor for forward-looking statements. All statements made in this conference call other than statements of historical facts are forward-looking statements.
Forward-looking statements include, but are not limited to words like “belief,” “expect,” “anticipate,” “estimate,” “will,” and other similar statements of expectations identifying forward-looking statements. Investors should be aware that any forward-looking statements are based on assumptions, and are subject to risks and uncertainties that could cause actual results to differ materially from those discussed here today.
These risk factors are explained in detail in the Company’s filings with the securities and exchange commission, including the Form 10-K for the fiscal year ended December 31, 2011 which will be filed and the previous 10-K quarterly reports which are currently filed. Crexendo does not undertake any obligation to publicly update or revise any forward-looking statement, whether it’s a result of new information, future events or otherwise.
I’d now like to turn the call back to Steve. Steve?
Steven G. Mihaylo
Thank you, Jeff. Our Crexendo business continues to transition and I continue to be excited by what I see and the progress we’ve made. While I’m disappointed with the sales due to regulatory approval, I am pleased with the changes we have made to our sales process and the hiring process, including our training program. And I’m excited about our future prospects.
As we discussed before, we’ve registered our telecom services as a local exchange carrier in most jurisdictions. We did this to show and demonstrate our belief in our products and services and to make sure we could provide interstate calls in locations that require registration.