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Good day, ladies and gentlemen; thank you for standing by. Welcome to the Carrols Restaurant Group Q1 2012 Earnings Conference Call. (Operator instructions.) This conference is being recorded today, Tuesday May 8, 2012. And now I’d like to turn the conference over to Paul Flanders, Carrols’ Chief Financial Officer. Please go ahead, sir.
Good afternoon, everyone. By now you’ve had access to the announcement that was released earlier which can also be found on the website at
www.carrols.com under the Investor Relations Section. Before we begin our remarks I want to remind everyone that our discussion today will include forward-looking statements and comments regarding our strategies, intentions or plans. These statements are not guarantees of future performance and therefore undue reliance should not be placed on them.
We also refer you to our filings with the SEC for a more detailed discussion of the risks that could impact our business and financial results. I also want to point you to certain fillings with the SEC that have either been made today or that we intend to make over the next few days. Fiesta Restaurant Group will file a Form 8(k) today which will include the Q1 financial results on a standalone basis for Fiesta. This filing also includes certain pro forma information regarding lease accounting changes occurring upon the spinoff.