Franklin Covey Co. (FC) Q1 2012 Earnings Conference Call January 5, 2012 5:00 pm ET Executives Derek Hatch – Corporate Controller Robert A. Whitman – President & Chief Executive Officer Stephen D. Young – Executive Vice President, Chief Financial Officer and Corporate Secretary M. Sean Merrill Covey – Executive Vice President Shawn D. Moon – Executive Vice President Analysts Joseph D. Janssen – Barrington Research Group, Inc. John H. Lewis – Osmium Partners, LLC James DeYoung – Credit Suisse William Gibson – Legend Merchant Group, Inc. Joe Janssen – Barrington Research George Santana – Ascendiant Capital Markets LLC Julian Allen – Spitfire Capital LLC PresentationOperator
Good day, ladies and gentlemen, and welcome to the First Quarter 2012 Franklin Covey Earnings Conference Call. My name is Larry and I will be your operator for today. (Operator instructions) I would now like to turn the conference over to your host for today, Mr. Derek Hatch, Corporate Controller. Please proceed. Derek Hatch Good afternoon, everyone, and happy New Year. On behalf of Franklin, I would like to welcome you to our first quarter conference call for fiscal 2012. Before we begin today's presentation, we’d like to simply remind you that our presentation today 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 expectation and are subject to various risks and uncertainties including but not limited to the ability of the company to stabilize and grow revenues; 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 our most recent Annual Report on Form 10-K and other periodic reports filed with the Securities and Exchange Commission.