Now this is a very interesting development right after our first PN E3 meeting. As I type this Mr. Iwata is on stage talking to investors about everything Nintendo. During the conference Iwata had some interesting things to say about this year's E3.
First, we decided not to host a large-scale presentation targeted at everyone in the international audience where we announce new information as we did in the past.
In the past we invited reporters, investors and analysts, industry partners, such as software publishers, and distributors who attended E3 to our large-scale presentations. We also used them as a communication tool in which we broadcast our presentations on the Internet to reach out to video game fans around the globe. I believe that many are expecting us to host a similar event this year.