Welcome to the Mannatech Incorporated Second Quarter 2016 Earnings conference call. [Operator Instructions]. Now I'd like to introduce our moderator for the call today, Mr. David Johnson, Chief Financial Officer. Mr. Johnson, you may begin.

Thank you. Good morning everyone. This is David Johnson, and welcome to Mannatech's second quarter 2016 earnings call. Today, you will hear from both me and Mannatech's President and Chief Executive Officer, Al Bala. Before we begin the call, I will first read the Safe Harbor statement. During this conference call, we may make forward-looking statements which can involve future events or future financial performance. Forward-looking statements generally can be identified by the use of phrases or terminologies such as will, continue, may, believe, intend, expect, potential, should, could, would, anticipate, estimate, project, predict, hope, feel and plan, or similar words or the negative of such terminologies. We caution listeners that such forward-looking statements are subject to certain events, risks, uncertainties and other factors, and speak only as of today. We also refer our listeners to review our SEC submissions. At this time, I will make a few comments concerning our second quarter 2016 operating results. Net loss was $1.3 million or $0.49 per diluted share for the second quarter of 2016 as compared to $3.1 million net income or $1.15 per diluted share for the second quarter of 2015. The second quarter of 2016 net sales increased $2.1 million or 4.5% to $48.8 million compared to net sales of $46.7 million for the second quarter of 2015. We're proud of the launch of our new fat loss system TruHealth in the U.S. and Korea which is the first market of a global rollout of the product to new regions through 2016. The net sales comparisons for the quarter were affected by foreign exchange rate. During the second quarter of 2016 we faced these foreign currency headwinds especially in our major currencies of Korean Won, Australian Dollar and the South African Rand On a constant dollar basis which is a…

Thank you, David. Hello everyone and thank you for joining us in our second quarter earnings call of 2016. I'm Mannatech's CEO and President and I would like to discuss the Company's second quarter of 2016. In the second quarter we saw the results of two years of planning and investing and effort in creating a new Mannatech tick. We were pleased to have a highest net sales quarter in the past seven quarters. We saw an increase in net sales quarter over quarter, an increase of 8.1 million to 48.8 million in a year over year growth of 2.1 million. Though the continued investment in transforming Mannatech was reflected in our bottom-line results as just explained by our CFO, Mr. Dave Johnson. Our cash position is stronger overall growth recognized in the quarter, give us some indication that our investment and strategy are on target. Specifically in the second quarter we continue to invest heavily in global deployment of the new Mannatech that included a new company brand, state of the art back office technology and new consumer friendly products. The resulting growth during the quarter can be attributed ready acceptance of the new global brand and sales of Mannatech new fat loss system called TruHealth. A clear demonstration of the expected of the new Mannatech could be seen in two important event during the quarter, our global manifest event held in Dallas on the first week of April and the [indiscernible] Mannatech Vision Program event held during the last week of June. 1000s of associates attended this event and experienced the new brand and embraced the TruHealth product line resulting in sales of TruHealth that were above expectation. Our associates enthusiastic response to TruHealth at these event that book ended the second quarter played an important part in…