PCI published two previous member directories, one in 2008 and one in 2016. They desire to publish a new directory for us in 2020. The process will take one year, with an estimated data collection start date of September 6, 2019 (after our conference). The 2016 directory brought $60,000 in guaranteed revenues; this directory will be based on a royalty of $10 per directory sold and has the possibility of much less revenue (estimate is $12,000). There is no financial liability to EANGUS. The project will take a year to complete with estimated completion by September 1, 2020. Data collection takes about 6 months and production takes about 6 months.