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Good day ladies and gentlemen, and welcome to the ASUR's First Quarter 2012 Results Conference Call. My name is Jesenia (ph) and I will be your operator for today. At this time, all participants are in a listen-only mode. We will conduct a question-and-answer session towards the end of this conference.
For opening remarks and introductions, I would like to turn the call over to Mr. Adolfo Castro, Chief Executive Officer. Please proceed.
Adolfo Castro Rivas
Thank you Jesenia (ph) and good morning everyone. Thank you for joining us today for the conference call for the first quarter 2012 results. Allow me to remind you that certain statements made here in the course of our discussion today may constitute forward looking statements which are based on current management expectations and beliefs, and are subject to a number of risks and uncertainties that could cause actual results to differ materially, including those that may be beyond our Company's control. For an explanation of these risks, please refer to ASUR's filings with the Securities and Exchange Commission and the Mexican Stock Exchange.
On today's call, I will provide an update on the operations and traffic performance for the quarter and afterwards a brief review of the results. In terms of our international expansion strategy, as anticipated on March 15 we presented our indicative beep for the privatization of San Juan de Puerto Rico Airport and we are now one of the two participants shortlisted to present the final piece. We do not have technical date for when these have to take place but we believe the final piece would have to be presented sometime in May.