UFC on FOX conference call updates and LIVE blog today (Nov. 2) at 2 p.m. ET

Ultimate Fighting Championship (UFC) will hold a special media conference call today (Nov. 2, 2011) to promote UFC on FOX 1: Velasquez vs. dos Santos, which is scheduled for Nov. 12, 2011.

The call, which is scheduled to begin at 2 p.m. ET, will feature UFC President Dana White, as well as the headlining fighters of the evening, Cain Velasquez and Junior dos Santos.

Velasquez is the current UFC heavyweight champion. The undefeated American Kickboxing Academy product stopped Brock Lesnar via first round technical knockout to capture the title and has been on the mend rehabbing from shoulder surgery for a year now.

His challenger, Junior dos Santos, defeated Roy Nelson at UFC 117 to become number one contender. However, when Velasquez was sidelined, he instead opted to coach against Brock Lesnar on season 13 of The Ultimate Fighter (TUF). Lesnar was also scratched with an injury and dos Santos dominated Shane Carwin to regain his position.

Join us for complete LIVE updates of the UFC on FOX conference call after the jump:

Brian Hemminger here. The conference call is scheduled to begin at 2 p.m. ET.

Dana White: Fuel TV will air the weigh-ins live at 4 p.m. pacific time.

Dana White: There's gonna be a lot of breaking down the fighter, features going backstage. The first time we've ever done this, an interview with the guys before they come out. It's a work in progress. We've been working hard on this thing, man. We've been working hard on figuring this thing out. The major changes to our production won't start until January.

Dana White: Here's the thing, we've been doing this for over 10 years now. The day of the event, we rehearse the thing like we've never done it before. On Saturday, we'll be rehearsing and rehearsing and rehearsing. We'll be adding new things to this FOX show and we'll begin rehearsing on Thursday most likely. We'll be using FOX's model on how they handle and cover sports and our model on how we handle fights.

Dana White: The heavyweight championship fight is going to be the only fight that's aired on FOX, even if it's only 10 seconds. 

Dana White: We've been working on Mexico for a long time. Believe me, Mexico is very important to us. Mexico has taken longer than we planned but we're aggressively working on Mexico. Getting out there and maneuvering in other countries isn't easy. When you do all this business in all these different countries, it's tough to get things done. We just got on television in America in 2006 and now we're on all these major networks in all these countries. It takes time.

Cain Velasquez: (asked two questions in Spanish and answers it in Spanish. I've got no clue what they talked about).

Dana White: We're gonna keep doing pay-per-view, but the way we look at it, I became a big boxing fan growing up from ABC's wide world of sports. Once that pay-per-view model came out, boxing put all their big fights on pay-per-view. Our goal has always been to bring big free fights back to television and we're looking at it as, we're gonna take a hit on the pay-per-view side, but we're looking long term.

Dana White: You don't make money on free TV. This is an investment in the company. In no way shape or form did we come even close to making our money back. We're gonna get smashed on this fight but we're making an long-term investment in the business.

Cain Velasquez: There's definitely butterflies there, but for me, that means that I'm ready. It's no more than usual.

Junior dos Santos: I have waited a long time for this fight. I began preparing for it a long time ago and I began preparing for it again recently. I want to show great things in there. Waiting was hard but in the interim, the UFC gave me great opportunities. It's a really exciting time and I want to go in there and show my best. 

Dana White: I'm confident in Junior and Cain. We made this fight the first fight on free TV for a reason. They're both aggressive and I know for a fact, that's why I made this fight. It's going to be an awesome fight. It's going to be a great fight. It's the first time in a long time that I've been worried about production. I've always been a freak about making sure we give people the best product. The fact that we'll be rehearsing this thing so early, there's a lot of pressure to pull this off.

Dana White: I dont' look at what anybody else has ever done in the industry. One of the things, if you look at traditional sports, football, basketball, even boxing, a lot of things that we do in our show isn't normal in sports broadcasting. It was one of the problems that I had with HBO. When you deal with a network and you're doing things they aren't used to doing, it's difficult. The fight is the least of my worries. That's why they're in the spotlight.

Dana White: The event down in Brazil was so successful, that's how we ended up on GLOBO. GLOBO is the monster network down there and the UFC was so successful that we got the deal done.

Junior dos Santos: I'm very happy to be a part of this event. Everything the UFC has brought to my life has been wonderful. GLOBO is really the eyes of Brazil. It means so much to be a part of the great champions that have come from Brazil.

Dana White: I don't know about the weigh-ins but yes, we're gonna be in Canada, Australia, New Zealand, the Phillippines, Ireland, the UK, (many more that I missed).

Dana White: Mixed martial arts, kids are growing up taking it and it's spreading all over the world. There's literally not a country on the map that we couldn't get a fighter from. I made the announcement last week about The Ultimate Fighter Brazil and the amount of talent that they'll bring to us is ridiculous. To get all these countries rolling at the same time and have a winner and do a world cup where each country's champion faces off against each other. That's my dream.

Junior dos Santos: Everything has happened very fast for me so I didn't have much time to think and doubt. I just gave 100 percent so I've just worked very hard. I just believe if you apply yourself and do your best, good things happen to you. I just started training mixed martial arts and jiu-jitsu six years ago and now I'll be fighting for the UFC title. I've applied myself and that's what got me here.

Dana White: Like I said when we announced this deal, there's so many milestones that we've had over the last 10 years. People that have been following this sport since day one, no one knows as hard as I do how hard it was to take this sport off the ground. To see the World Series and FOX NFL, to see commercials airing during that is the proudest moment in the business for me. We know how talented of athletes these are, how smart these guys are and to finally see these guys on the same level as the other athletes. That's what I love to see.

Cain Velasquez: I've been treating this like any other fight that I had. I don't think about what's going on on the outside. I think about what's going on in the gym and just studying my opponent. I don't think about the magnitude of the fight, I just focus on the training and the fight itself.

Dana White: The whole format is going to change for the new Ultimate Fighter. We're gonna be filming this thing live for 13 weeks. Normally these guys will go home but we'll go right into the Finale while they're still here and the coaches will fight a week later and they'll be training during the show as well.

Dana White: Those guys should have never ever been on network TV. It didn't make sense for the organizations that were on there and it didn't make sense for the networks. If they did things right, they'd still be there. The deals were wrong, everything was wrong. You had guys cutting in deals to go on national television that had no clue what they were doing. It made no sense. I could have been on network television six years ago but the deal wasn't right. 

Junior dos Santos: Nothing has changed, I'm a very focused guy and all these opportunities that have come into my life have all been for the better. At the end of the day, I'm a lucky guy. Originally when Cain was injured, I got time to be on TUF, I got time to work on my strategy, I got to have a great fight against Shane Carwin and now I get to be on global TV against Cain Velasquez.

Dana White: First of all, we wouldn't do a deal with any network unless we had control of it. That's been well documented. I would never go to a network and just hand production to somebody else. We don't even start as business partners with FOX until January and they're already the best partner we've ever had. I have a lot of respect for David Hill and I like his ideas. 

Cain Velasquez: This is a great opportunity, just for the UFC to choose our fight to headline. November 12th is a great honor. I'm hoping to make it an exciting fight for the fans. Dos Santos is a great opponent and we're gonna go out there and throw down. That's pretty much it and fans will love to see that.

Junior dos Santos: Truly I am very proud. I'm very proud to be a part of history. I'm proud of my work and I'm proud of myself for getting myself to this point. I truly believe Cain Velasquez is the greatest heavyweight in the world. He's undefeated and I'm very honored to fight him. I want to defeat him and become the number one heavyweight in the world.

Cain Velasquez: With every fight, it seems like more and more in terms of media stuff. It's part of the job and I'm honored to do it. It hasn't been overwhelming thus far. It's been good and I'm happy with it.

Junior dos Santos: I believe that we reap what we sow and people wind up getting what they deserve. It's true I came from a very humble family and a difficult childhood. I'm thankful and I understand the value of what I've achieved. My life has already changed for the better. It's changed for me and it's changed for my family. I thank god and to get the title would change my family's life. 

Dana White has left the call.

Junior dos Santos: I've been training for about three months in Bahia and it's been very tough and vigorous training. I've been counting on Big Nog, Doria and several others. I count on the help of Big Nog and Fabio Maldonado and several local fighters for my sparring sessions. It's a great opportunity but I'm very confident in my ability. I believe I can come out of that fight a winner. 

Junior dos Santos: I've been doing two sparring sessions a week for six rounds each plus my physical conditioning has been very good. I will be ready for five rounds but personally I think this fight will not last five rounds. I know Cain's been out for a while but he's a great fighter. I don't want to fight an injured Cain Velasquez, I want the best Cain Velasquez. I look forward to meeting him at his best, that's the guy I want to fight.

Cain Velasquez: Rehab went fine. The doctor said that it takes a while for it to heal. I've done all the rehab in the beginning and I've just not been doing anything to aggravate my shoulder. The first couple months were frustrating but once I got the green light to take the next step, I built up on it from there. It just took time to get better but I'm happy that I went through it and didn't rush it and now it's 100 percent. 

Cain Velasquez: Right after the Brock fight, six weeks after, the doctors said that maybe just rehabbing it would make it heal itself and not require surgery. Once we got back after six weeks, it was still torn and the doctor said we needed surgery now. We got surgery in January and it was until July until we got training that we were given the green light to go 100 percent.

Cain Velasquez: It was definitely frustrating at times. I'm a guy that likes to stay active and getting that taken away from you is definitely tough. I tried to get my head in other things. i did stuff for the UFC, signing, stuff for my family and to take my head away from being hurt, just staying positive.

Cain Velasquez: Just like his other fights, he was impressive, dangerous in all areas. His wrestling, there's not one aspect of his game that he's short on. His wrestling looked good, his takedown defense, he even took Shane Carwin down. He's gonna bb tough in all areas and that's what we expect from him.

Cain Velasquez: I like to see as much video and footage on my opponents as possible. Even a little bit would help. I'm definitely happy I got to see that [JDS wrestling]

Cain Velasquez: A big part of training camp, the kind of guys we brought in, we have multiple guys that we spar with, not just one guy. Paul Buentello, guys from other camps came in. Usually when I spar, I spar with two other guys and that's tougher.

That's a wrap folks