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Q3 2009 New Frontier Media, Inc. Earnings Conference Call - Final.

Article Excerpt
OPERATOR: Welcome to the third-quarter fiscal 2009 earnings release conference call. During today's presentation, all parties will be in a listen-only mode. Following the presentation, the conference will be open for questions. (Operator Instructions). This conference is being recorded today, February 9, 2009. I would now like to turn the conference over to Grant Williams, Chief Financial Officer. Please go ahead, sir.

GRANT WILLIAMS, CFO, NEW FRONTIER MEDIA, INC.: Thank you. Good morning, and welcome to the New Frontier Media fiscal 2009 third-quarter results conference call.

With me this morning are Michael Weiner, Chief Executive Officer of New Frontier Media; Ken Boenish, President of New Frontier Media; Scott Piper, Chief Technology Officer of New Frontier Media; and Marc Callipari, General Counsel.

For the call this morning, Michael will begin with highlights from the quarter and comments on our strategic direction and then I will run through our financial results. Michael will then provide some closing comments before we open up the call for questions.

A replay of this conference call will be available for seven days at 1-800-405-2236 using the pass code 11126222#. This call will be archived for 12 months on our website at NOOF.com, under "Investor Relations," "Webcasts and Events." This call is also being webcast.

During the question-and-answer segment, those of you listening via the Internet will be able to ask questions. Please submit your question via e-mail to HPatton@NOOF.com.

During this call, we will make references to certain non-GAAP financial measures. This information, including a reconciliation to the most directly comparable GAAP financial measures, is available in today's earnings release. A copy of our earnings release is available at our website at NOOF.com under "Investor Relations," "News Releases."

All information discussed during the conference call is current only as of today or as of the date of the applicable financial results and the Company assumes no obligation to update information discussed during this conference call. During this conference call, management may make forward-looking statements within the meaning of Section 27a of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements regarding the Company's expected financial position and operating results, its business strategy, its financing plans, and the outcome of contingencies. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth or implied by any forward-looking statements and should be considered in conjunction with the cautionary statements included in our press release and our most recent reports containing risk factors filed with the Securities and Exchange Commission, including our most recently filed Forms 10-Q and 10-K.

With that being said, I'd now like to turn the call over to New Frontier Media's Chief Executive Officer, Michael Weiner.

MICHAEL WEINER, CEO, SECRETARY, DIRECTOR AND CHAIRMAN OF THE BOARD, NEW FRONTIER MEDIA, INC.: Thank you, Grant, and good morning, everyone. Like many companies, we are navigating through a tough economic environment. While these challenges have impacted our non-core Film Production segment, our core Transactional TV segment is solid and growing. We believe that our strong balance sheet, our reputation and ability to move quickly when opportunities present themselves will enable us to emerge successfully from this difficult...

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