Good morning, ladies and gentlemen. Welcome to our meeting on e-cigarettes.
We apologize for the brief delay. We're just getting our laptops and PowerPoints and everything else set up.
We have a number of guests here. We have two panels today. We have three guests this morning, from 11 until 12, and we have a couple of guests from 12 until 1 o'clock.
We'll start off first with Neil Collishaw, and we'll go from my left to right.
Good morning, and welcome. You have 10 minutes or so to present.