18-time Olympic gold medalist Michael Phelps is holding an exclusive press conference at 1:45 a.m. PT and 4:45 a.m. ET today to announce being named as head & shoulders Confidence Ambassador. One of his first duties as Confidence Ambassador will be giving the Confidence award to seven year-old William Watson III of Knoxville, Tennessee. Watson who not only lost his father who was shot and killed in April of this year, also faced a near drowning experience. He has put his effort into swimming at a local youth centre every day, and has overcome his fear of swimming. Phelps will awarding the young man this morning and granting $25,000 to the youth centre where Watson swims. Phelps and P&G will also pay tribute to William's mother who has been instrumental despite the difficulties their family has faced. To view the press conference and Michael's Q&A with the media, please scroll down to the video below at 1:45 a.m. PT/4:45 a.m. ET. The press conference will be available on-demand after the event for those who were unable to watch it live.