Operator
Operator
Good day everyone, and welcome to today’s Flexibility Solutions International second quarter 2014 financials conference. [Operator instructions.] At this time, I would turn the conference over to your host for today, Mr. Dan O’Brien, CEO of Flexibility Solutions. Please go ahead, sir. Dan O’Brien: Thank you, operator. Good morning, this is Dan O’Brien, CEO of Flexibility Solutions. Safe Harbor provision, the Private Securities Litigation Reform Act of 1995 provides a Safe Harbor for forward-looking statements. Certain of the statements contained herein which are not historical facts are forward-looking statements with respect to events, the occurrence of which involve risks and uncertainties. These forward-looking statements may be impacted, either positively or negatively, by various factors. Information concerning potential factors that could affect the company is detailed from time-to-time in the company’s reports filed with the Securities and Exchange Commission. Welcome to the FSI conference call for second quarter 2014. Prior to speaking specifically regarding the financials, I’d like to talk about where we are in our product lines and what we expect for the next quarters. NanoChem division represents most of the revenues of FSI. This division makes polyaspartic acid, called TPA for short, a biodegradable protein with many valuable uses. TPA is used in agriculture to increase crop yield. The method of action is through limiting crystal embryo growth between fertilizer ions and other ions in the soil. When embryonic crystals are prevented from transforming into fully crystalline form by TPA, the fertilizer remains available to plants further into the growing season. The firm but light attraction between TPA and the fertilizer ions also reduces fertilizer runoff. Keeping fertilizer easily available to crops results in better yield with the same level of fertilization. In North America alone, the wholesale market is estimated at over $2 billion a year, and most…