Franklin Covey Co. (FC) F3Q10 (Qtr End 05/29/10) Earnings Call Transcript July 1, 2010 5:00 pm ET Executives Derek Hatch – Corporate Controller, Central Services, Finance Bob Whitman – Chairman and CEO Steve Young – CFO David Covey – Co-COO, Global Operations Stephan Mardyks – Co-COO, Global Operations Sean Covey – Chief Product Officer, Education Practice Leader, Head of Alternate Distribution Channels Analysts Joe Jansen [ph] – Barrington Research James Maher – ThinkEquity LLC Kevin Henehan – KMH Capital Advisors PresentationOperator
Good day, ladies and gentlemen, and welcome to the fiscal third quarter 2010 Franklin Covey Company conference call. My name is Sally and I will be your operator for today. At this time, all participants are in listen-only mode. Later, we will conduct a question-and-answer session. (Operator instructions) As a reminder, this conference is being recorded for replay purposes. I would now like to turn the conference over to your host for today, Derek Hatch, Corporate Controller. Please proceed, sir. Derek Hatch Good afternoon, everyone. Welcome to our earnings call for the third quarter of fiscal 2010. Before we get started, I’d like to remind everybody this afternoon that this presentation contains 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, and also like to add, expectations surrounding the recognition of revenue in future periods, 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 in the periodic reports filed with the Securities and Exchange Commission.