Premier Exhibitions, Inc. (PRXI) F3Q11 (Qtr End 11/30/2010) Earnings Call January 11, 2011 9:00 am ET Executives John Stone - CFO Chris Davino - President and CEO Analysts Bill Vlahos - Odyssey Value Partners PresentationOperator
Good morning and welcome to Premier Exhibitions' third quarter fiscal year 2011 earnings results conference call. Today's conference is being recorded. I will remind everyone that we will be making forward-looking statements on today's call. These forward-looking statements are based on our current expectations and are subject to a number of risks and uncertainties. Actual results may differ materially. Please refer to the factors identified in our Form 10-K for the period ending February 28, 2010 and our subsequent filings with the Securities and Exchange Commission. Now I'd like to turn the call over to Mr. John Stone, Chief Financial Officer of Premier Exhibitions, Inc. John Stone Regarding the third quarter results, obviously posting a gross profit margin loss is a painful thing. And I will walk you through the mechanics of what has occurred, the source of the problem as we have identified it, and then I'll let Chris talk more specifically about what we are going to do about that going forward. First of all, we had all of our shares open during the second quarter, and by design kept them in place through Labor Day. By Labor Day, almost every show had been in market for its planned run and was scheduled to move, and we did in fact move thirteen of our shows in the third quarter.