Ron Freeman - CFO

Good day and welcome to the Ingles Markets Incorporated first quarter conference call. Today's conference is being recorded. For opening remarks and introductions I would now like to turn the conference over to Chief Financial Officer, Mr. Ron Freeman. Please go ahead sir.

Thank you and good morning. Welcome to Ingles Markets fiscal 2010 first quarter conference call. With me today are Robert Ingle, Founder of the company and Chief Executive Officer, Robert Ingle II, Chairman of the Board, Jim Lanning, President and Tom Outlaw, Vice President of Sales and Marketing. Statements made on this call include forward-looking statements as defined by and subject to the Safe Harbors created by Federal Securities laws. Words such as expect, anticipate, intend, plan, likely, goal, seek, believe and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and involve risks, uncertainties, and assumptions, which are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed on this call. Ingles Markets does not undertake and declines any obligations and update publicly any forward-looking statements whether as a result of new information future events or otherwise. For a description of factors that could cause actual results to differ materially from that anticipated by forward-looking statements, you are referred to the company’s public filings including the Form 10-K for the fiscal year ended September 26, 2009. In accordance with the long standing company policy and in recognition of the extremely competitive nature of our industry this call will not address individual competitors or Ingles Marketing strategies other than what is included in the company’s public filings. This morning I will provide you with a summary of our first quarter results followed by additional comments. After that we will be pleased to take your questions. Our press release issued this morning is available on our website at www.ingles-markets.com. We plan to file our 10-Q for the quarter this afternoon. It will be available on our website as well. Net sales totaled $841 million for the quarter ended December…

Today's question-and-answer session will be conducted electronically. (Operator Instructions). And we'll pause for just a moment to give everyone a chance to signal. (Operator Instructions).

Well it appears we don’t have any questions today, so we'll go ahead and wrap things up. Thank you for listening in today. We appreciate your time and your interest and we look forward to speaking with you again soon. Thank you and have a good day.

That does conclude today's conference. Thank you for your participation.