By Ludo Saenz Luaces, in Cancun

Over 900 people from every part of the world arrived Monday morning for the WBC's 48th Annual Convention. The setting for the opening ceremony was at the lounge "Sun, Sea and Sand" at the exclusive Royal Hotel and was preceded by some words from WBC president, Jose Sulaiman, the WBC board members and local political leaders.

Erik Morales, Fernando Montiel and Miguel Cotto sit side by side at the convention.

Devon Alexander and his promoter Don King watch the presentation.