Included in the net loss for the fourth quarter 2007 were one-time charges that total $24.1 million, or $0.57 per share. Yesterday we reported a net loss of $28.7 million for the fourth quarter 2007, a net loss of $0.68 per share compared to a net loss of $5.1 million in the fourth quarter 2006, representing a net loss of $0.14 per share. Jim will then review the fourth quarter financial highlights in greater detail and then we’ll wrap up with a Q&A session. To start off today’s call, I would like to summarize our fourth quarter 2007 financial performance and then review the restructuring process we are currently implementing to turn the company around. Also with me this morning is Jim Burk, our Chief Financial Officer. Good morning and thank you for joining us.
This call may contain forward-looking statements about future performance and results of operations and involve risks and uncertainties that are more completely described in the risk factors section of Youbet’s Form 10-K for the year Decemand its subsequent filings with the SEC. Thank you, Daryl and good morning, everybody. (Operator Instructions) I would now like to turn the conference over to Mr. Ladies and gentlemen, thank you for standing by.
Sproule - Interim Chief Executive Officer, Chief Operating Officer ( UBET) Q4 2007 Earnings Call Ap9:00 AM ET
