Thank you for standing by ladies and gentlemen, and welcome to the Seanergy Maritime Conference Call on the First Quarter 2014 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. There will be a presentation followed by a question-and-answer session. (Operator Instructions) I must advise you this conference is being recorded today, July 3, 2014. Please be reminded that the Company publicly released financial results today before the market opened in New York, where it is available to download on the Seanergy Web site 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’d 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, and 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 of 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 the actual results to differ materially include, but are not limited to competitive factors in the market in which the Company operates; risks associated with operations outside the United States, change in rules and regulations applicable to the shipping industry, and other 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 filings can be obtained free of charge on the SEC’s Web site 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’ll pass the floor to Mr. Tsantanis. Please go ahead sir.

Thank you, operator. Good morning everyone, and thank you for joining our call. Today, I will discuss our recent corporate developments, and then I will briefly go through our first quarter 2014 financial results. During the first quarter of 2014, we completed a significant financial restructuring, which led to the elimination of all of our indebtedness and has positioned the company favorably to take advantage of future growth opportunities. Over the past few years, we’ve been able to release the company from a total of $346 million of bank liabilities and all associated corporate guarantees have been fully released. Contrary to many of our peers, this was achieved without having to resort court protections or diluting the shareholders. Lastly, the Company’s listing on NASDAQ Stock Market has been fully preserved. Additionally, a number of important transactions have been agreed with our major shareholders after the end of the first quarter. In June of 2014, as part of the Company’s balance sheet strengthening efforts, certain of our major shareholders have made a cash contribution in Seanergy in return of newly issued shares apart from supporting our equity position of this interim period. This transaction shows the confidence of our shareholders in the Company’s strategy and long-term growth prospects. These particular shareholders now own 50.1% of the Company’s outstanding stock. Secondly, as previously announced, our major shareholders have agreed to contribute four modern Capesize vessels to the Company in exchange for newly issued common shares. The current net asset value of the four Capesize vessels is estimated at approximately $90.4 million. Pursuant to the terms of the relevant purchase agreement, the completion of the transaction is expected to take place by the end of the third quarter. As a result, these transactions -- as a result of this transaction, Seanergy will be…

Would you like me to poll for questions for you now, sir?

Yes, please. Yes.

Thank you very much. (Operator Instructions) Mr. Tsantanis, I repeat we have no questions at this time, sir. So, I shall pass the floor back to you for closing remarks.

Yes. Well, I’d like to thank our investors once again for taking the time and listening our call. We are looking forward to present our second quarter financials in the next few weeks. And basically the company in this hindering period will have no (indiscernible) until the completion of the announced transaction. This is expected to happen by the end of the third quarter. So, thank you very much for listening to our call, and we’ll keep you posted of all the developments regarding Seanergy in the next few weeks. Thank you.

And with many thanks to our speaker today, that does conclude the conference. Thank you for participating. You may now disconnect. Thank you, sir.

Bye-bye. Thank you.

Thank you. Bye-bye.