Shannon Greene - Interim Chief Executive Officer and Chief Financial Officer Mark Angus - Interim President and Senior Vice President

Good day, ladies and gentlemen and welcome to the Tandy Leather Factory Incorporated Fourth Quarter 2015 Earnings Conference Call. [Operator Instructions] As a reminder, today’s conference call maybe prerecorded. I would now like to introduce your first speaker for today, Shannon Greene. You have the floor, ma’am.

Thank you. Welcome to our 2015 earnings conference call. We will be discussing our fourth quarter and year end 2015 results as well as our plans and expectations for 2016. I am Shannon Greene, Interim CEO as well as CFO and I am joined today by Mark Angus, Interim President and Senior Vice President. The earnings release and related SEC filings are available on our Investor Relations section of our website and a replay of this webcast will be available later today. I need to remind everyone that there maybe forward-looking statements on the call today statements would include words like expect, believe, anticipate, plan, intend, target or words with similar meanings and are based on our beliefs and expectations and are subject to certain risks and uncertainties that may cause actual results to differ materially from our forward-looking statements about those results. These risks are detailed in our various filings with the SEC such as the most recent Form 10-K and 10-Q as well as the news releases and other communications. We do not undertake to update or revise any forward-looking statements which speak only as of the time they are made. Our results – our 2015 results lend themselves to the perfect glass half full, glass half empty exercise. If you are a glass half empty person, you might interpret our results as follows. Sales growth was minimal, only 1%. Earnings were down 17% from a year ago, conclusion, that’s not a good year, because earning decreases are never a good thing. If you are a glass half full person, you might interpret our results differently. The company beat its 2015 sales and earnings guidance with higher than expected sales and a smaller decline in earnings than predicted. Conclusion, it’s a good year, because sales grew and the…

Very good. Thank you for participating in our earnings conference call today. We look forward to speaking with you next quarter. Have a great day.

Ladies and gentlemen, thank you again for your participation in today’s conference call. This now concludes the program and you may all disconnect telephone lines at this time. Everyone have a great weekend.