Good afternoon, everybody. I'm Mike Grant, one chairman of the department of nautical engineering. We have a very special event today, a lecture on the regulations that govern the American space enterprise. As many of you know, this industry is regulated by a special set of rules, including ITAR, and these regulations are particularly important for our astronautical engineering students and graduates who work in the space and defense industries, as well as government space research and development centers. Despite their importance, these regulations remain a mystery to many, which is why we have this special lecture today. Our speaker is Mr. Daniel Shapiro, the director of research compliance at USC. He will introduce himself momentarily. Please hold your questions until the end, unless it's something urgent. We'll have a question and answer session at the end. We encourage you to take advantage of this unique opportunity and ask questions on this topic. The lecture is being recorded by the Victor B's distance education network and will be posted on the web later. We are grateful to the Tourbus distance education for their support. Now, without further ado, Mr. Daniel Shapiro. Thank you for being here today.
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