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Greg Conrad - Our ticket sales are tracking about 35 percent ahead of the Women's Open at this time. If that holds true, we're looking at well over 130,000 spectators. The X-factor is the weather. If it rains for a week straight and you've got muddy conditions, that's not conducive to people walking around. Or if it's horribly hot like last year. That obviously keeps people away, but you cross your fingers and hope the conditions allow for spectators to have an enjoyable time.

Our ticket sales are tracking about 35 percent ahead of the Women's Open at this time. If that holds true, we're looking at well over 130,000 spectators. The X-factor is the weather. If it rains for a week straight and you've got muddy conditions, that's not conducive to people walking around. Or if it's horribly hot like last year. That obviously keeps people away, but you cross your fingers and hope the conditions allow for spectators to have an enjoyable time.

Greg Conrad
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Hamish Dodds - Hard Rock Cafe's like-for-like sales continue to improve and this was supported by exceptional performance in the hotel and casino division with revenue continuing to exceed projections. In 2005, we also successfully relocated our New York cafe from 57th Street to our new flagship location at the Paramount Theatre in Times Square. As we look forward to 2006, we will be commemorating our 35th anniversary with a global music celebration. We are also already engaged in a number of exciting new projects, including the opening of Hard Rock Hotel Madrid, the first Hard Rock Hotel in Europe.

Hard Rock Cafe's like-for-like sales continue to improve and this was supported by exceptional performance in the hotel and casino division with revenue continuing to exceed projections. In 2005, we also successfully relocated our New York cafe from 57th Street to our new flagship location at the Paramount Theatre in Times Square. As we look forward to 2006, we will be commemorating our 35th anniversary with a global music celebration. We are also already engaged in a number of exciting new projects, including the opening of Hard Rock Hotel Madrid, the first Hard Rock Hotel in Europe.

Hamish Dodds
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