Ogden Mills Phipps: Good morning everyone and thank you for being here at The Jockey Club’s 58^th Annual Round Table Conference. I would also like to welcome those who will be watching a live video stream of today’s conference and I would like to thank the Roberts Communications Network for their assistance in providing that.

Before we get started, I’d like to take a moment to recognize two individuals who devoted their careers to The Jockey Club and its affiliated companies. They are Alan Marzelli and David Haydon.

Alan spent 26 years at The Jockey Club and was a driving force in the growth of our commercial companies and many of the industry initiatives we support. He retired at the end of last year and we commend him for his service.

David Haydon will retire at the end of this year. David has served in a variety of executive positions at The Jockey Club for the past 36 years. He started at The Jockey Club in June 1974 and he’s headed up just about all of our commercial subsidiaries and still heads up InCompass.

We are grateful for all that he has done as well and appreciate the way he has portrayed The Jockey Club all these years.

Alan isn’t here today but David is and I’d ask him to stand and be recognized.

We have certainly come a long way since the first Round Table Conference was held in 1953 in New York. At that time they had 18 participants.

The size and location of this event have changed but the purpose of this event has not. We are trying to identify and promote initiatives and actions that will benefit the Thoroughbred industry. We will hear about several of them today.

In the first half of the program, we will hear how some organizations are adapting to the changing landscape in our industry; in the second half, you will hear a little bit about how The Jockey Club companies are serving the industry and then progress updates on several initiatives focusing on medication and safety.