GORDON SIMPSON: Good morning, ladies and gentlemen. It's nice to see a full house at this time in the day, and we're running short of time, so we're going to quickly move into the first part of the business. The conference will be in two sections, the first will be the announcement of Ernie's new project, and then we'll talk about Wentworth and the tournament.
First of all, I'll introduce the top able, at the end of the table obviously is Ernie himself and next to Ernie is Victor Fidalgo, who is the president of Cape Verde Investment; and Keith Haslam, operations director of PGA Golf Management. It's appropriate that we start with Ernie, I think this is the biggest project you've undertaken.