Watch the UFC 127: Penn vs. Fitch Press Conference Live at 7 p.m. EST / 4 p.m. PST (VIDEO)

Tune in right here at 7 p.m. EST / 4 p.m. PST today, Tues., Feb. 23 for live streaming video of the UFC 127: Penn vs. Fitch press conference. The presser will take place at the Star City Casino in Sydney, Australia. The card is headlined by former UFC Lightweight and Welterweight Champion BJ Penn (#2 Welterweight) and perennial welterweight challenger Jon Fitch (#3), with the winner promised a shot at the UFC Welterweight Championship. The catch is that its possible that the championship will be vacant by the time either man gets his shot, as UFC President Dana White has stated that if Georges St-Pierre (#1) – who has beaten both Penn (twice) and Fitch (once) – beats Jake Shields (#4) at UFC 129, he will vacate his belt to fight at 185 pounds.

UFC 127: Penn vs. Fitch will air live on pay per view in the United States on Sat., Feb. 26 with two preliminary fights airing on ION Television and two preliminary fights streaming on Facebook.com/UFC. Go here to view the full UFC 127: Penn vs. Fitch fight card.