Thank you, Kenny. I would like to welcome all of you and I thank you for joining us today. We're very pleased with our results of the first quarter, particularly with a strong growth in our subscriber base in the past three months. Ituran has been in business for over two decades, and this quarter we experienced the fastest growth in subscribers by a long stretch in our history. We added 28,000 net new subscribers in the quarter. This very much demonstrates that our core business continued to grow very soundly and remains as strong as ever. Subscriber base demonstrates that fundamentals underpinning our business are especially strong. The substantial strengthening of the U.S. dollar versus the local currencies in which we sell in, in particular the Brazilian Real, which has devaluated by 25% in one [year] [ph], and the Israel Shekel which is devaluated by about 13% made it hard to show growth in U.S. dollar terms. However, in local currency terms, revenues overall grew by 11%, while subscription revenues grew by 15%. Our operating income would have shown 9% growth over the last year. As I've talked about in the past, every new subscriber has a minimal cost to us as we already have the infrastructure to support them. So as our subscriber base grows, our margins grow, and this is fairly apparent in the longer term changes in our gross margin. In the two years since the end of 2012, we've grown our gross margins by 400 basis points from around 49% to 53% now. Given the accelerating growth in the subscriber base, I expect to continue the trend of improving margins. We're generating operating cash flow in the quarter of $8.7 million, ending the quarter with $35.3 million in cash and equivalents. During the first quarter, we declared a dividend of $3.4 million, representing 50% of our net profit in the quarter. I would like to provide you with a brief update with regard to our performance in our two main regions, Brazil and Israel. Firstly in Brazil, we're growing very nicely and the worsening economic environment there is not having a significant effect on our success there. We've broadened our corporation with insurance companies and this enabled us to expand the audience we're marketing. At the same time, we also see increased interest in growth from the private market, allowing us to move away from dependency on the insurance companies. This has allowed us to achieve record subscriber acquisitions, and Brazil remains a major contributor to our overall subscriber growth. Looking ahead, U.S. [ph] the Brazilian economy is weak. We see more and more costs in this major market incorporate Telematic technology in this huge market. We see our business as still at an early stage in the market with low penetration, with potential to grow substantially, and we expect to continue growing quickly for a foreseeable future even in the face of a slowing economy. In Israel, as the major player, our business continues to grow in line with new car sales, which remain at high levels. At the same time, we continue to penetrate the lower segment of the market through our Ituran save service. Overall, we remain pleased with the strength and stability of the Israeli business and it is supporting our overall growth in net subscribers. In summary, we've started 2015 in excellent shape, and we're very pleased with our performance. Despite the recent currency headwinds, we couldn’t be better positioned to benefit in the coming quarters from our strong growth in subscribers. While the dollar strength has masked the financial strength of our business performance, we remain very pleased with our start to 2015. Baring negative exchange rate fluctuation, we're confident that 2015 will be another year of growth and improved profitability and I'll now hand the call over to Eli for a financial review, Eli?
