Good day, ladies and gentlemen, and welcome to the Q4 2009 Asure Software Earnings Call. My name is Melanie and I will be your coordinator today. At this time, all participants are in listen-only mode. We will conduct a question-and-answer session at the end of this conference. (Operator instructions) As a reminder, today’s call is being recorded. I would now like to turn the call over to your host for today’s call, Ms. Lisa Flynn. Please proceed.

Thank you, Melanie. Welcome everyone to Asure Software’s conference call. Before we start, I would like to mention that some of the statements made by management during this call might include projections, estimates, and other forward-looking information. This will include any discussion of the company’s business outlook. These particular forward-looking statements and all of the statements that may be made on this call that are not historical are subject to a number of risks and uncertainties that could affect their outcomes. You are urged to consider the risk factors relating to the company’s business contained in our latest periodic reports on file with the Securities and Exchange Commission. These risk factors are important and they could cause actual results to differ materially. This call is also being recorded on behalf of Asure Software and is copyrighted material. It cannot be recorded or rebroadcast without the company’s expressed permission and your participation implies consent to the call’s recording. After we have completed our review of the quarter, we’ll open up the call for questions. I would now like to turn the call over to David Sandburg, Chairman of the Board.

Thank you, Lisa. Dear shareholders, welcome to Asure’s fourth quarter and fiscal 2009 year-end conference. The facts are what they are so I am just going to be blunt. It’s been a very difficult year for Asure and for Asure’s stockholders. We had to fight incredibly hard against a entrenched prior Board in order to prevent their go private attempt, a go private attempt under which liquidity almost assuredly would have deteriorated, while management would have been less scrutinized due to less stringent reporting requirements. Shareholders voted this down by a wide margin such that Asure cancelled the entire special meeting. We then had to fight equally hard in an annual proxy contest to elect a Board represented by shareholders and with the mindset to stop Asure's massive cash burn witnessed under Asure's former Board and management under which tens of millions of dollars were burned over the prior five years alone. This was not easy and the former Board put up a fight despite not owning much stock themselves. They spent millions of dollars of shareholder money fighting for control, including huge amounts in a lawsuit against no less than 18 of Asure’s shareholders even after they had just lost a lawsuit to Jenkins and Gilchrist, costing shareholders over $4 million. While all of this was occurring, they delayed annual meeting several times and maintained excessive spending which resulted in continued sizeable operating losses and cash burn throughout the year. The end result of all this effort and spend, while the prior Board lost the Director elections by even larger margin more than 2-to-1 despite having the advantage of entrenchment, lost all four times in court and the suit against their shareholders ultimately was dismissed entirely by the courts. Again these are simply the facts. What did this do…

Thanks David. I would like to welcome all the fellow shareholders. And I have been on the job about six weeks. Four weeks as the CEO. I have spent time in that four weeks with clients, employees and shareholders and the members of the Board. In walking away, we have really two solid businesses. And I am looking forward to the day in a not so distant future that they are profitable. What we know today and based on the observations is that we are in a great market. The marketplace for both NetSimplicity and iEmployee is very big and it’s growing and we intend to get our sizeable share of that market share. We have great clients. In the iEmployee base, we have Advanced Auto Parts, DeVry Institute, March of Dimes, Playboy Enterprises, SalesForce.com, Time Magazine. We have NetSimplicity customers which include Boeing, General Electric, Nestle Global, Macy's. So, we have a client list to die for. We are committed to staff, businesses, softwares and service and technology enabled software businesses. And we have some very talented employees. We’re also committed to growing the business. We believe the public market is good and will reward us as we perform in the future. And we will be accountable to perform it. We believe that the NOLs are ultimately a positive and will look to use them in the future. We have a real estate deal that’s problematic and we will have to work through that in the future. But once we do work through it in the future, we will be – it will be much more positive for Asure as the company. And we have cash in the bank and after Q1 really we have no debt. So what we will do is continue to simplify the business, we will grow the business and we will reward shareholders. We are optimistic that the one-time events that David spoke of are mostly behind us and we look forward to a very, very exciting 2010 calendar year. Just a recap of the quarter. Q4, we had a revenue of positive growth of 1%. Our operating expenses increased $4 million. However, we had one-time cost were about $4.4 million, so our loss excluding one-time cost of 799 in the quarter. In Q1, we anticipate that will be approximately EBITDA neutral. We will still have approximately $1.3 million of cost or so. And we mentioned in the press release that we have about $375,000 a quarter of cash burn of the real estate will look to workout a better real estate deal in the future. And in Q1, I can also say that sales bookings in Q1 should be ahead of Q4 which now that we have gotten some of the noise behind us, we think we will be much more optimistic going forward where we can focus on business. With that, I am going to open the floor and the call for questions. David and I will be happy to take questions.

Yes, sir. (Operator instructions) And I show no audio questions at this time.

Okay. If there are no further questions, we have a press release out there. We – I did want to make sure I had somebody in the room say Q1 we are going to be EBITDA neutral excluding some one-time cost. I want to make sure I got across that. We are available to ask any or answer any questions. And if not, we will close the call. But I will leave 30 seconds for answering questions. Okay, we would like to thank you for your time and thank you. That now concludes the Asure quarterly earnings call.

Ladies and gentlemen, thank you for your participation in today’s conference. That does conclude the presentation. You may disconnect. Have a wonderful day.