Good morning and welcome to Mercer International's fourth quarter 2014 earnings conference call. On the call today is Jimmy Lee, President and Chief Executive Officer of Mercer International and David Gandossi, Executive Vice President, Chief Financial Officer and Secretary. I will now hand the call over to David Gandossi. Please go ahead. David Gandossi - Chief Financial Officer, Executive Vice President, Secretary Thank you, Sally. Good morning, everyone. As usual, we will begin with formal remarks, after which we will take your questions. Please note that in this morning's conference call, we will make forward-looking statements according to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Read more