Thank you for standing by ladies and gentlemen, and welcome to the Seanergy Maritime Conference Call on the Third Quarter and nine months 2013 financial results. We have with us Mr. Stamatis Tsantanis, Chief Executive Officer of the company. At this time all participants are in a listen-only mode. I must also advise you that the conference is being recorded today, on February 20, 2014. Please be reminded that the company publically released financial results today before the markets opened at New York where it is available to download on the Seanergy website which is www.seanergymaritime.com. If you do not have a copy of the press release, you may contact Capital Link at 212-661-7566 and they will be happy to email or fax a copy to you. Before turning the call over to Mr. Tsantanis, we would like to remind you that this conference call contains forward-looking statements as defined in section 27A of the Securities Act of 1933, as amended on Section 21E of the Securities Exchange Act of 1934, as amended. Concerning future events and the Company's growth strategy and measures to implement such strategy, words such as "expects," "intends," "plans," "believes," "anticipates," "hopes," "estimates," and variations; such words and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks and are based upon a number of assumptions and estimates, which are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to competitive factors in the markets in which the Company operates; risks associated with operations outside the United States, change in rules and regulations applicable to the shipping industry, another risk factors included from time to time in the company’s annual report on form 20-F and other filings with the Securities and Exchange Commission, the SEC. The company’s fillings can be obtained free of charge on the SEC’s website at www.sec.gov, The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. Now, I will pass the floor to Mrs. Tsantanis, please go ahead sir.

Thank you, operator. Good morning everyone and thank you for joining our call. Today I will first discuss our recent corporate development and then I will go through our third quarter and nine months 2013 results. During the third quarter 2012, we had focused on the restructuring of our standing indebtness (Ph) in order to resolve an unsustainable debt burden. Our primary aim has been to overhaul our balance sheet which would enable the company to re-grow on a solid capital structure. Yesterday, we announced that we have entered into the single agreement with our final lender for the sale of our four remaining vessels. In exchange, Seanergy has achieved the full satisfaction of approximately 145 million of outstanding debt and accrued interest along with the extinguishment of any liabilities under the corporate guarantee. The transaction is expected to close by the end of the first quarter of 2014. As we have mentioned in the previous announcements, in 2013 we reduced our indebtedness from $209 million at the beginning of the year to a $135 million as of September 30, 2013 through the sale of eight ships and vessel owning subsidiaries. Following the closing of our remaining transaction, our debt will be reduced to zero. This is a development of paramount importance for a company as its result in leveled balance sheet and the financial flexibility to pursue and create investor acquisitions at a favorable point in the shipping market site. We will now briefly go over our third quarter and nine months financial results. For the three months ended September 30, 2013; our net revenues were $4.3 million, down 63% compared to the same period last year. The decrease reflects the operation of a smaller fleet at an average of 4.6 vessels in the third quarter of 2013 compared…

Thank you. That does conclude the conference call today. Thank you for participating. You may disconnect.