Actual results may differ materially from expectations, plans, and prospects contemplated in any forward-looking statements as a result of various factors, including those discussed in our filings with the SEC. I encourage everyone on this call to read our SEC filings, including our 10-K for the year ended December 31, 2011, and 10-Q for the quarter ended March 31, 2012.Additionally, I want to note that today's remarks include certain non-GAAP financial measures, including EBITDA, adjusted EBITDA, adjusted EBITDA margin and free cash flow. Our earnings release includes the full reconciliation of these non-GAAP financial measures to the related GAAP financial measures. Now, I'll turn the call over to Pam. Pamela Patsley Thanks Eric. Good morning everyone. Our business performed well in a challenging environment through creative business initiatives and disciplined execution by our global teams. We achieved impressive growth in sends originating outside of the US, and built upon our positive momentum from the first quarter, despite the impact of the declining euro, economic malaise in southern Europe and high global unemployment. We are driving performance through double-digit growth in agent locations, money transfer transactions and money transfer fee and other revenue. In fact, we had the fifth consecutive quarter of double-digit constant currency money transfer revenue growth. Our expansion in fast growing alternative channels continues and that now represents 5% of money transfer revenue. Bottom line, we continue to outperform our peers in the marketplace and at the same time position MoneyGram for the future. This is a true testament to the strength of the MoneyGram team. I now would like to turn to two foundational items that impacted the second quarter results. First, I’m pleased to report that last week we agreed terms on a proposed settlement in the shareholder derivative litigation in the Delaware Chancery Court. The proposed settlement has been submitted for approval to the court, and provides for an overall settlement at $10 million as divided among several of the defendants and certain other parties.