Choice Hotels International, Inc. (CHH)
Q1 2012 Earnings Call
April 27, 2012 10:00 AM ET
Steve Joyce – President and CEO
Dave White – SVP and CFO
Felicia Hendricks – Barclays
Shaun Kelly – Choice Hotels
Tim Wengerd – Deutsche Bank
Good morning, and welcome to the Choice Hotels International First Quarter 2012 Earnings Conference Call. At this time, all lines are in a listen-only mode. Later, there will be a question-and-answer session and further instructions will be given at that time. As a reminder, today's call is being recorded.
During the course of this conference call, certain predictive or forward-looking statements will be used regarding the Company's goals, plans and projections. These statements constitute forward looking statements within the meaning of the private securities litigation reform act of 1995 and generally can be identified by words such as believes, expects, anticipates, foresees, forecasts, estimates, plans and other words or phrases of similar import. Such statements are based on current expectations and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements.
Please consult the Company's Form 10-K for the year ended December 31, 2010, and its other SEC filings for about information risk factors affecting the Company that you should be consider. We caution you, do not place undue reliance on forward-looking statements which reflect our analysis only and speak only as of today's date.