Hello and welcome to the Rocky Mountain Chocolate Factory Fiscal Year 2015 Earnings Conference Call. All participants will be in listen-only mode. There will be an opportunity for you to ask questions at the end of today’s presentation. An operator will give instructions on how to ask questions at that time. Some of the statements made during today's call will be considered forward-looking statements that involve a number of risks and uncertainties. There are several factors that could cause actual results of Rocky Mountain Chocolate Factory to differ materially from these forward-looking statements. These factors include, but are not limited to the potential need for additional financing, the availability of suitable locations for new stores, and the availability of qualified franchisees to support new stores, customer acceptance of new products, dependence upon major customers, economic and consumer spending trends, and other factors listed from time-to-time in public announcements and in Rocky Mountain Chocolate Factory's SEC reports. In addition, please be advised that the financial results for the fiscal periods presented in this call do not necessarily indicate the results that may be expected for any future quarters or the upcoming fiscal year. To Rocky Mountain Chocolate Factory's knowledge, the information relayed in this conference call is correct as of the date of its transmission and the Company does not undertake any obligation to update this information in the future. [Operator Instructions]. Please note this conference is being recorded. I would now like to turn the conference over to Mr. Franklin Crail, Chief Executive Officer. Please go ahead sir.

Thanks Sam. Good afternoon everyone and welcome to Rocky Mountain Chocolate Factory’s fourth quarter and fiscal 2015 year-end conference call. I am Frank Crail, President of Rocky Mountain Chocolate Factory and with me here today is Mr. Bryan Merryman, the Company’s Chief Operating Officer. We’re going to start the call this afternoon with Bryan giving you a summary of both our fourth quarter and fiscal 2015 year-end operating results. And at the conclusion of his presentation, we will be happy to answer any questions that you may have. So at this point, I’ll turn the call over to Bryan.

Thanks, Frank. I would like to also welcome everyone to our call today. I am going to start off with some highlights from the year and then get into more detailed operating results for the year and the quarter. For the year total revenue increased 5.9% to a record $41.5 million. System wide same store sales at domestic Rocky Mountain Chocolate Factory's stores increased 3.1% and sales outside our system of franchise stores increased 16%. Our adjusted EBITDA in non-GAAP measure that does not include depreciation and amortization, equity compensation expense, and impairment and restructuring charges increased 5% in the fourth quarter of fiscal 2015 and a healthy 17% for the full year. Adjusted EBITDA from our frozen yogurt operations increased 227% from 393,000 in fiscal year 2014 to 1,284,000 in the current year validating expectations that the transactions consolidating our yogurt operations would create scale in a profitable company capable of becoming a consolidation force in the frozen yogurt industry. We experienced further international progress with the recent signing of the license agreement for the Republic of Philippines, as well as execution of a license agreement for the Province of British Columbia, Canada by a licensee of U-Swirl, Inc. Subsequent to year end we announced a license agreement for the Province of Ontario, Canada also a by-licensee of U-Swirl, Inc. During the year we repurchased over 3.1 million of our common stock under our previously announced repurchased authorization and we paid $2.7 million in dividends. We finished the year in excellent financial condition with 7.2 million in cash. On March 13th we paid our 47th consecutive quarterly cash dividend and increased our quarterly dividend 9% from $0.11 per share per quarter to $0.12 per share, per quarter. Additionally we reset the buyback authorization to 3 million in January and…

Okay Bryan, thank you and at this time we would like to answer any questions you might have.

Thank you, operator. Again, I would like to thank all of you that attended our year-end conference call. We look forward to talking with you at the end of our first quarter. So have a good day and thank you very much. Bye-bye.

To access the digital replay of this conference, you may dial 1-877-344-7529 or 1-412-317-0088 beginning at 6 PM Eastern today. You will be prompted to enter a conference number, which will be 10065292. You will be prompted to record your name and company when joining. The conference has now concluded. Thank you for attending today's presentation. You may now disconnect.