Welcome and thank you for joining IDT's [break in audio] 2009 conference earnings webcast. The webcast will begin with remarks by Jim Courter, CEO for IDT Corporation. Thank you, sir. You may begin.

Thank you very much, and good afternoon. This is Jim Courter. [Break in audio] with me. This announcement is pre-recorded but it's not edited so, if I make a mistake, I'll just go over it and we'll just keep on going. First of all, IDT's CFO, Bill Pereira, and I will be reporting to you, as you know, on IDT's financial and operational results for the fourth quarter of our 2009 fiscal year - that, of course, is the three months ending July 31, 2009 - and also reporting on the full 2009 fiscal year. This quarter we are filing the exact same format we announced in the prior quarter. We're doing it to minimize costs. We did not post our earnings release over the wire. You can view or download a copy at the Investor Relations page of IDT Corporation's website at www.IDT.net. That's www.IDT.net. We also will file the release on Form 8-K with the SEC to ensure compliance with all disclosure requirements. Today we are again giving our remarks via a pre-recorded webcast and are soliciting questions regarding the company and our fourth quarter and annual results in writing rather than during the webcast. As our longer-term stockholders will recall, the number of questions asked by shareholders using the old conference call format had declined steadily, until the point at the end of the second quarter we had absolutely no questions. Significantly and contrariwise, we experienced a significant uptick in the volume of questions from stockholders with the new written format we used the last quarter and, as such, are going to use it again on this call and probably in the future as well. If you have a question for us after listening to our remarks and reading the accompanying earnings release, please, if you have…

Thank you, Jim. Jim, I just want to take a moment to share with you what a great pleasure it has been working with you during your tenure as CEO of IDT. I have appreciated the wise counsel and leadership you were always willing to provide, and I very much look forward to continuing to work with you in your capacity as Vice Chairman of IDT's Board of Directors. And I take great comfort in knowing that we will continue to share your experience, knowledge and steady guiding hand. I would like to start our Q4 and fiscal year 2009 discussion by pointing out that Q4 was a remarkably productive quarter, with considerable operational accomplishments that further contributed to the drastic improvement in our financial performance this fiscal year. In addition, during the fourth quarter we consummated several important transactions that we believe will strengthen the company's financial and operational position. We paid off our outstanding balance with the IRS stemming from their audit of our fiscal years 2001 through 2004. We sold off significant real estate holdings in two separate transactions. We purchased the outstanding interest in our UTA calling card distribution company. And we closed on a significant commercial and financing agreement with BP Energy. Together, these transactions bring to fruition many months of hard work by our employees to strengthen and better position our core businesses while at the same time enhancing the company's financial stability. Let's begin by taking a look at operating results for the fourth quarter and a few highlights for the full fiscal year 2009. Our fourth quarter revenues of $352.6 million reflect a decline of 21.6% year-over-year led by declines of 51% in IDT Energy and 15.7% in IDT Telecom. For the full fiscal year IDT's revenues were $1.54 billion, a 12.4%…