The document is the earnings report teleconference for 2Q07. It discusses the company's operational results for the second quarter of 2007, including launchings valued at R$428.3 million, a 7% increase from the R$244.1 million in launchings for the same period last year. A chart shows the value of units launched for various projects, with the largest being Viveiro Marilia at R$200 million.