Good day and welcome to the Snap Interactive Second Quarter 2017 Earnings Conference Call. Today's conference is being recorded, and at this time, I would like to turn the conference over to Mr. Mike Cole with Investor Relations. Please go ahead, Sir.

Thank you. Good afternoon and welcome to the Snap Interactive Second Quarter 2017 Earnings and Business Update Call. Again, my name is Mike Cole and I am with MZ Group Investor Relations for Snap. Hosting the call today are Alex Harrington, Chief Executive Officer, and Judy Krandel, Chief Financial Officer. Before I turn the call over to management, I would like to remind everyone that earlier today, we issued a presentation to accompany this call. This presentation can be accessed on the Company’s website, snap-interactive.com under the Quarterly Earnings tab of the Investor Relations section or by following the link on Snap’s homepage. I'd like to inform everyone in attendance that certain statements made today during - during today's conference call that are not statements of historical fact, including those concerning future plans, objectives, goals, strategies or performance and those related to the Company’s integration efforts following the completion of its merger with AVM Software doing business as Paltalk, are forward-looking statements. These statements reflect the good faith beliefs and judgments of the Company and are based upon currently available information only as of the date of this conference call. These statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from current expectations. These factors include those described in the Risk Factors section of the Company's periodic reports that are filed with the Securities and Exchange Commission. Forward-looking statements are not guarantees of future performance and the Company expressly disclaims any obligation to update earlier statements as a result of new information, except as required by law. Certain non-GAAP measures may be discussed during today’s presentation including adjusted EBITDA. Adjusted EBITDA has been calculated consistent with the manner in which it is defined in Snap’s periodic reports filed with the Securities and Exchange Commission. Adjusted EBITDA has been reconciled for the nearest applicable GAAP measure in this presentation and in Snap’s earnings release, which is also available under the Press Releases tab of the Investor Relations section of Snap’s website, again, snap-interactive.com. With that, I’ll turn the call over to Alex Harrington, Snap’s Chief Executive Officer. Alex, the call is yours.

Thank you, Mike, and thank you all for joining us on today's call. As Mike said, I encourage you all to access the Q2 2017 earnings call presentation available on our website, www.snap-interactive.com. As Mike mentioned, it's on the homepage if you scroll down on the left-hand side of the page. Today, we are going to review the quarter from the standpoint of Snap’s strategic mission and progress towards that mission and then turn it over to Judy Krandel, our CFO to highlight the financial performance for the quarter. Starting on Page 4 of the presentation, as we have previously shared, our mission over the next three years is to enhance the company's position as a leader in delivering live video social experiences in a mobile world. Through our products Paltalk, Camfrog and Tinychat, we host one of the world's largest collections of video chat communities. And through these services and our interactive dating properties, millions of users per month across 180 countries meet people, share common interests and find entertainment. Live video over web and mobile is the basis for the company's most innovative product and we continue to see live video as one of the most exciting, high growth consumer technology trend that is having a sweeping disruptive effect on a broad spectrum of social and entertainment application. We are solely dedicated as an enterprise to innovation in interactive live video and staying at the vanguard of this emerging medium, we believe, positions the company well to create shareholder value. On Slide 6, we highlight some disruptive trends that we see live video on the web and mobile creating new market opportunities. There are three areas that I will highlight, digital video entertainment, messaging apps and interactive dating. First, digital video entertainment such as CrowdSource, the CrowdSource variety…

Thank you, Alex and thanks to everyone joining us today on the call. Before I begin, I’d like to remind everyone that on October 7th, 2016, we completed our previously announced merger with AVM Software. The merger has been accounted for as a reverse merger under the acquisition method of accounting for business combinations with AVM being treated as the accounting acquirer of Snap. Accordingly, the financial results I will discuss reflect the operations of AVM for the second quarter of 2016, and the operations of the post-merger company for the second quarter of 2017. I'd now like to begin reviewing Snap’s financial performance for the second quarter, of which you can find the highlights on Page 11. Turning to Page 12, total revenues for the second quarter of 2017 were $6.2 million, an increase of 43.3% from the same period last year. The increase in revenues from the prior year were predominantly due to the contribution of pre-merger Snap. Revenues for the quarter were comprised of $5.7 million from subscriptions and about $0.5 million from advertising. Subscription revenue grew 48.3% from the prior period, also due to the contribution of pre-merger Snap. This is offset somewhat by a decline in subscription revenue from products attributable to pre-merger AVM. We believe that this trend was driven in part by an anticipated decrease in new transactions in the Paltalk product as we shift management attention and resources to new higher growth opportunities in the live video market, as Alex addressed. We also experienced a decline in the Middle East, where a decline in monthly active users and a change in the contractual arrangement with our primary payment processor in the region led to reduced paid usage. We have since brought on additional resources to address the problem and are reexamining our…

Thank you, Judy. In closing, and before we open the call for questions, I'd like to reinforce our excitement. Our investment thesis is simple. As a player in live video social application, we believe we are in a large market with explosive growth potential. We have a technological, commercial and financial platform that we believe gives us a competitive advantage in this exciting market and we are in the process of expanding our existing businesses and building new businesses to capture this growth wave. In addition, we have a successful track record of leveraging acquisition for a strategic and financial springboard and are actively seeking M&A transactions. And for Investors who want to place a bet on internet live video, to our knowledge, we are the only public company that has made it their core focus. And with that, I'd love to turn it over to questions.