For the second quarter, our net loss totaled $1.2 million or $0.10 per basic and diluted share compared to a net loss of approximately $1.5 million or $0.14 per basic and diluted share for the same period last year. Net loss for the second quarter of 2011 included an income of about $14,000 from discontinued operations related to eCOST.com, compared to a loss of $0.4 million from discontinued operations for the same period last year.

We continue to maintain a solid financial position with total cash and restricted cash as of June 2011 of approximately $20.2 million. During the quarter, we also completed a renewal of a credit facility for our Business and Retail Connect business segment to support its financing needs.

Our capital expenditure so far in 2011 have reached approximately $4.7 million. This includes new client start-up integration activity that is generally funded by clients. In addition we continue to make investments in technology and infrastructure to support our growth and enhance productivity.

Now I’d like to turn the call back to Mark for some closing comments.

Mark C. Layton, Chairman & Chief Executive Officer

Great. Thanks, Tom. I hope that our prepared remarks today, which you heard from myself and Mike and Tom, give you a little insight to the feel that I and our entire team here at PFSweb are currently experiencing. Seeing the finished product of great client names like Procter & Gamble, Starbucks, kate spade new york, Carter’s and so many others and watching many of these clients’ businesses experienced strong growth as a result of the new technology platform, marketing programs and site features that have been implemented, is incredibly rewarding not only for our clients, but for our PFSweb team as well.

I can feel within our business and our staff an awesome buzz of excitement and expectation that feels a lot to me like the dot.com boom years in the late 90s, but with what I believe is a whole different universe of tangible and financially sustainable growth opportunities. It is exciting times, lots going on and we look forward to continue to update you on our progress in the coming quarters.

With that, that concludes our prepared comments for today. Operator, we’ll be available for a few questions.