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March 29, 2012 5:00 p.m. ET
Derek Hatch – Corporate Controller
Robert A. Whitman – President & Chief Executive Officer
Shawn D. Moon – Executive Vice President
Joe Janssen - Barrington Research
Bill Gibson - Legend Merchant
Good day, ladies and gentlemen, and welcome to the second quarter 2012 Franklin Covey earnings conference call. [Operator instructions.] I would now like to turn the conference over to your host for today, Mr. Derek Hatch, corporate controller. And you have the floor sir.
Thank you operator. On behalf of Franklin Covey, I’d to welcome everybody to our investor call this afternoon to discuss the financial results through the quarter ended February 25, 2012. However, before we get started, I’d like to remind everybody that this presentation will contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are based upon management’s current expectations and are subject to various risks and uncertainties including, but not limited to, the ability of the company to stabilize and grow revenues; the ability of the company to hire productive sales professionals; general economic conditions; competition in the company’s targeted marketplace; market acceptance of new products or services and marketing strategies; changes in the company’s market share; changes in the size of the overall market for the company’s products; changes in the training and spending policies of the company’s clients; and other factors identified and discussed in the company’s most recent annual report on Form 10-K and other periodic reports filed with the Securities and Exchange Commission.