Good day, ladies and gentlemen, and welcome to the Educational Development Corporation Fourth Quarter and Fiscal 2019 Results Conference Call.At this time, all participants are in a listen-only mode. Later we will conduct the question-and-answer session and instructions will follow at that time. [Operator Instructions] As a reminder, this conference call maybe recorded.I'd now like to introduce your host for today’s conference, Mr. Randall White, President and CEO of Educational Development Corporation. Mr. White, you may begin.

Thanks, Josh. Welcome to our company investor call. Here with me today are Heather Cobb, our Chief Sales and Marketing Officer; Craig White, our Chief Operating Officer; and Dan O'Keefe, our Chief Financial Officer. We’re going to start, we have pretty good report here for you. As usual, we will have Dan start and give us a brief review of the fiscal year.

Great, thanks Randall. Net revenues for the fiscal year grew $6.8 million or 6.1% from approximately $112 million reported in fiscal 2018 to $118.8 million reported in fiscal 2019. Earnings before income taxes grew approximately $1.4 million or 17.9% from approximately $7.8 million in fiscal 2018 to $9.2 million in fiscal 2019.Net earnings after taxes grew approximately $1.5 million or 28.8% from approximately $5.2 million in fiscal 2018 to $6.7 million in fiscal 2019. Earnings per share on a fully diluted basis increased $0.17 per share or 26.6% from $0.64 per share reported in fiscal 2018 to $0.81 per share reported in fiscal 2019. This concludes the fiscal 2019 earnings results. And I'll pass the call back to Randall.

Okay. On average, best year. We could have done little better job -- or something. Okay, 7.6%, not bad $120 million, just $119 million, we continue to have growth in both divisions, the retail, retail outlets increased most. Again it's much smaller number but we're excited to see that revenue grow and a lot of it is one major customer by the way and it's made up the bulk of that but we didn't see growth, it didn't meet, it didn't meet our internal expectations today.When you've had 8% growth, 6%, 7% certainly doesn't much of down here. But our fourth quarter revenues grew 5.2% on pure active consultants which is kind of interesting that’s because both we had the previous same quarter last year. This indicates that our active consultant sell more, like more commissions and were more successful. This along with other changes in the organization.We still had confidence that the consultant count can still continue to grow. The headcount I think every year, every call I’ll tell you the headcount is a staff number. And it really gets down to what people feel. We recently returned from the city travel trip and I was talking to even people on the trip and we talked about headcount and we just left things like we always know when someone starts because they sent an application and even like it.We never know when they stop because sometimes you'll stop and after six months we can’t let them and then someone come back and sell again, it is a tough number, the thing that if we haven't, we haven't had the capital growth and that's what we're -- that's what we’re concentrating on as we go into the New Year.That's we hope accomplish by technology that we're developing to make it…

So Josh, let’s turn it over to you for questions.

Okay. Well, I guess that's because it was just a good explanation, not your lack of interest. But either case maybe, thank you guys for coming on the call. We're looking forward to you coming up and trying to regain growth. Thanks for being part of the call guys.

Thank you, everyone.

Thank you. Ladies and gentlemen, thank you for participating in today's conference. This does conclude today's program and you may all disconnect. Everyone have a wonderful day.