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Citizens Inc.

Citizens Inc. is listed on NYSE (CIA). Citizens, Inc. (Citizens) operates primarily as an insurance holding company. We were incorporated in Colorado in 1977. We are a parent company that directly or indirectly owns 100% of 15 operating subsidiaries that are listed in the table below. Collectively, Citizens and its subsidiaries are referred to herein as the Company, we or us. Information concerning our subsidiaries follows. Year State of Business Subsidiary Incorporated Incorporation Activity Citizens Insurance Company of America 1968 Colorado Life insurance (CICA)

Citrix Systems Inc.

Citrix Systems Inc. is listed on NASDAQ (CTXS). Citrix Systems, Inc. (Citrix), a Delaware corporation founded on April 17, 1989, is a leading supplier of access infrastructure software and services that enable the effective and efficient enterprise-wide deployment and management of applications and information, including those designed for Microsoft® Windows® operating systems, for UNIX® operating systems, such as Sun SolarisTM, HP-UX or IBM® AIX® (collectively UNIX operating systems) and for Web-based information systems. The Company's MetaFrame® products permit organizations to provide secure access to Windows based, Web-based and UNIX applications without regard to location, network connection, or type of client hardware platforms. The Company markets and licenses its products through multiple channels such as value-added resellers, distributors, system integrators and independent software vendors, managed by the Company's worldwide sales force.

Central Virginia Bankshares Inc. ..res, Inc. was incorporated as a Virginia corporation on March 7, 1986, solely to acquire all of the issued and outstanding shares of Central Virginia..

Volume Services America Holdings Inc. ..cessions, catering and merchandise services in sports facilities, convention centers and other entertainment facilities. We operate throughout the Uni..

Famous Daves of America Inc. .. incorporated as a Minnesota corporation in March 1994 and opened its first restaurant in Minneapolis in June 1995. As of January 2, 2005, there were ..

Desarrolladora Homex ..A. de C.V. is a corporation (sociedad anónima de capital variable) registered in Culiacán, Sinaloa, Mexico under the Mexican Companies Law (Ley Genera..

Delphi Financial Group Inc. .. whose subsidiaries provide integrated employee benefit services. The Company was organized as a Delaware corporation in 1987 and completed the initia..

Dun & Bradstreet Corporation (The) ..usiness information, tools and insight, and has enabled customers to Decide with ConfidenceTM for over 160 years. D&B's proprietary DUNSRightTM qualit..

DTE Energy Company ..ichigan. Our utility operations consist primarily of Detroit Edison and MichCon. We also have numerous non-utility subsidiaries engaged in energy mark..

Dynegy Inc. .. all of our business operations through our subsidiaries. Our current business operations are focused primarily in two areas of the energy industry: p..

Ecolab Inc. ..in 1924. Our fiscal year is the calendar year ending December 31. Effective January 2004, we reorganized our businesses serving the janitorial and hea..

NIC Inc. ..ps governments use the Internet to reduce costs and provide a higher level of service to businesses and citizens. We accomplish this currently through..

Emmis Communications Corporation ..dcasting, television broadcasting and magazine publishing operations. We operate the eighth largest publicly traded radio portfolio in the United Stat..

Enterprise Products Partners L.P. ..ompany providing a wide range of services to producers and consumers of natural gas, natural gas liquids or NGLs, and crude oil, and we are an industr..

Embratel Participacoes SA ..argest telecommunications services providers, operating domestic and international long distance, data communications and local services. Embratel Hol..

ENSCO International Incorporated ..(ENSCO) is an international offshore contract drilling company. As of February 15, 2005, the Companys complement of offshore drilling rigs includes 43..

Fairchild Semiconductor International Inc. ..t on Form 10-K, the terms we, our, the company, Fairchild and Fairchild International refer to Fairchild Semiconductor International, Inc. and its con..

Franklin Credit Management Corp ..ily engaged in the acquisition, origination, sale, servicing and resolution of performing, sub-performing and non-performing residential mortgage loan..

Flushing Financial Corporation ..ration organized in May 1994 at the direction of Flushing Savings Bank, FSB. The Bank was organized in 1929 as a New York State chartered mutual savin..

MTC Technologies Inc. ..e in April 2002 and holds all of the capital stock of MTC Technologies, Inc., an Ohio corporation incorporated in 1985 that was formerly known as Mode..

Furniture Brands International Inc. ..ection of John T. (Tom) Foy as President and Chief Operating Officer of the Company. On February 13, 2004, the Company announced the appointment of Ra..

First Potomac Realty Trust ..f-administered Maryland real estate investment trust that focuses on owning and operating industrial and flex properties in the Washington, D.C. metro..

First Tennessee National Corporation .. corporation headquartered in Memphis, Tennessee and incorporated in 1968. The Corporation is registered as a bank holding company under the Bank Hold..

Greater Community Bancorp ..on incorporated in New Jersey in 1984. It is registered as a bank holding company with the Board of Governors of the Federal Reserve System (Federal R..

MediaBay Inc. ..g company specializing in spoken audio content, whose industry-leading businesses include direct response and interactive marketing, retail product di..

Golden Telecom Inc. ..grated telecommunication and Internet services in major population centers throughout Russia and other countries of the Commonwealth of Independent St..

Grupo Aeroportuario del Sureste S.A. de C.V. ..ASUR, is a corporation (sociedad anonima de capital variable) organized under the laws of Mexico. We were incorporated in 1998 as part of the Mexican ..

Gottschalks Inc. ..cialty store chain based in Fresno, California. As of January 29, 2005, the Company operated 63 full-line Gottschalks department stores located in 6 W..

GTECH Holdings Corporation .. solutions worldwide with over $1.25 billion in revenues and more than 5,300 employees on six continents. We leverage our global lottery experience an..

Harleysville Savings Bank ..nnsylvania corporation headquartered in Harleysville, Pennsylvania. The Company became the bank holding company for Harleysville Savings Bank in conne..

Hudson Technologies Inc. ..laws of New York on January 11, 1991, together with its subsidiaries (collectively, Hudson), is a refrigerant services company providing innovative so..

Hilton Hotels Corporation ..h its subsidiaries, in the ownership, management and development of hotels, resorts and timeshare properties and the franchising of lodging properties..

Holly Corporation ..ly Corporation and its consolidated subsidiaries. In accordance with the Securities and Exchange Commission's (SEC) Plain English guidelines, this Ann..

Healthcare Services Group Inc. ..ing, laundry, linen, facility maintenance and food services to the health care industry, including nursing homes, retirement complexes, rehabilitation..

Harris & Harris Group Inc. ..company specializing in tiny technology that operates as a non-diversified business development company (BDC) under the Investment Company Act of 1940..

Imperial Industries Inc. ..on, which, through its predecessor corporation, has been in existence since 1968. The Company's executive offices are located at 1259 Northwest 21st S..

InterDigital Communications Corp. .. solutions, which we make available for license or sale to semiconductor companies and equipment producers. Our advanced technology solutions are comp..

IMA Exploration Inc. .. the Company has been engaged, through its subsidiaries, in the acquisition and exploration of mineral properties, with a primary focus in Argentina a..

Innodata Isogen Inc ..services that help organizations create, manage, use and distribute information more effectively and economically. We provide outsourced content servi..

Intrusion Inc. ..d herein, the discussion in this Form 10-KSB contains certain forward-looking statements, within the meaning of Section 27A of the Securities Act of 1..

ImageWare Systems Inc. ..ware-based identity management solutions, providing biometric, secure credential, law enforcement and digital imaging technologies. Scalable for world..

Jameson Inns Inc. ..ale hotels in the southeastern and midwestern United States. As of December 31, 2004, we owned 90 Jameson Inns and franchised an additional 12 Jameson..

General Growth Properties Inc. ..ootnotes to the Consolidated Financial Statements of General Growth Properties, Inc. (General Growth) as included in this Annual Report on Form 10-K (..

Kirby Corporation ..anuary 31, 1969 as a subsidiary of Kirby Industries, Inc. (Industries). The Company became publicly owned on September 30, 1976 when its common stock ..

Kroger Company (The) ..d in 1902. As of January 29, 2005, the Company was one of the largest retailers in the United States based on annual sales. The Company also manufactu..

Kendle International Inc. ..ablished in 1989, is a contract research organization (CRO) that provides a broad range of Phase I through IV clinical research and drug development s..

Quidel Corporation ..eport refer to Quidel Corporation and its subsidiaries. Overview and Recent Developments We commenced our operations in 1979 and launched our first pr..

Lexington Corporate Properties Trust ..d Maryland statutory real estate investment trust that acquires, owns and manages a geographically diverse portfolio of net leased office, industrial ..

Luminent Mortgage Capital Inc ..rily in U.S. agency and other highly-rated, single-family, adjustable-rate, hybrid adjustable-rate and fixed-rate mortgage-backed securities, which we..

Longs Drug Stores Corporation ..in Oakland, California by two brothers, Tom and Joe Long. Today, we operate in two business segments, retail drug stores and, through our RxAmerica su..

Lightbridge Inc. ..and supports products and services primarily for businesses that sell products or services online and for communications providers. Lightbridge's four..

MAF Bancorp Inc. ..of the state of Delaware in 1989, as the holding company for Mid America Bank, fsb (Bank), our banking subsidiary. The Bank, which was organized as a ..

Contango Oil & Gas Company ..as and oil company. The Company's core business is to explore, develop, produce and acquire natural gas and oil properties primarily offshore in the G..

Midway Games Inc. ..oftware. We, and our predecessors, have been in the business of creating videogames for more than 20 years and have published over 400 titles in that ..

Magellan Midstream Partners L.P. ..laws of the State of Delaware in August 2000. Our general partner is Magellan GP, LLC, which is a Delaware limited liability company. On September 1, ..

Mamma.com Inc ..n July 5, 1985, pursuant to the Business Corporations Act (Ontario), promulgated under the laws of the Province of Ontario, Canada. The Company's prin..

MIND C.T.I. Ltd. ..l as well as commercial purposes. We were incorporated under the laws of the State of Israel on April 6, 1995 as a company with limited liability, and..

Monster Worldwide Inc. ..rent company of Monster, the leading global online careers property. We also own TMP Worldwide, one of the worlds largest recruitment advertising agen..

MineFinders Corp. Ltd. .. in the business of exploration and development of precious and base metal properties. Interests in these properties are currently held directly and i..

Mattson Technology Inc. ..rocessing equipment used in the fabrication of integrated circuits (ICs). According to Gartner Dataquest, an independent research firm, in 2003, we we..

Natural Alternatives International Inc. ..te label contract manufacturing services to companies that market and distribute vitamins, minerals, herbs, and other nutritional supplements, as well..

Network Equipment Technologies Inc. ..ss as net.com since 2000, is a global provider of networking technology platforms that are used for mission-critical communications solutions and adap..

Northgate Minerals Corporation .. summarizes the approximate impact on the Corporations 2005 earnings and cash flow of the variations in the commodity prices and foreign exchange rate..

Insightful Corporation .. analysis solutions designed to facilitate decision-making by revealing patterns, trends and relationships. We are a supplier of software and services..

OceanFirst Financial Corp. ..oard of Directors of OceanFirst Bank for the purpose of acquiring all of the capital stock of the Bank issued in connection with the Bank's conversion..

Oil States International Inc. ..diaries, is a leading provider of specialty products and services to oil and gas drilling and production companies throughout the world. We operate in..

Perry Ellis International Inc. .. United States. We control a portfolio of major men's and women's brands, some of which were established over 100 years ago. We design, source, market..

PolyMedica Corporation ..y, through our primary segment, Liberty Diabetes, we are a leading provider of direct-to-consumer diabetes testing supplies, primarily to seniors. We ..

PSi Technologies Holdings Inc. ..evelopment of our Company Our legal name is PSi Technologies Holdings, Inc. We are incorporated under the Corporation Code of the Philippines, Batas P..

Questcor Pharmaceuticals Inc. ..rein, the following discussion contains forward-looking statements that involve risks and uncertainties. Questcor's actual results could differ materi..

Transocean Inc. ..d predecessors, unless the context requires otherwise, Transocean, the Company) is a leading international provider of offshore contract drilling serv..

Ryder System Inc. ..d in 1955, is a leader in transportation and supply chain management solutions. Our business is divided into three business segments: Fleet Management..

Senesco Technologies Inc .., a Delaware corporation incorporated in 1999, and its wholly-owned subsidiary, Senesco, Inc., a New Jersey corporation incorporated in 1998, collecti..

Smart and Final Inc. ..porated in 1991 and headquartered in Commerce, California that conducts its business through various subsidiaries. References in this Annual Report to..

Starwood Hotels & Resorts Worldwide Inc. ..eisure companies. Starwood's status as one of the leading hotel and leisure companies resulted from the 1998 acquisitions of Westin Hotels & Resorts W..

Silverstar Holdings Ltd ..inesses fitting a predefined investment strategy. We are the parent company of Fantasy Sports, Inc., which operates the Fantasycup.com website, and sp..

Telefonos de Mexico SA de CV Ser A Spons ADR ..lecommunications system in Mexico, where we are the only nationwide provider of fixed-line telephony services and the leading provider of fixed local ..