GLOBAL SIGNAL INC

GLOBAL SIGNAL INC is listed on NYSE (GSL). Global Signal, formerly known as Pinnacle Holdings Inc., is one of the largest wireless communications tower owners in the United States, based on the number of towers owned. On June 2, 2004, we completed our initial public offering through the issuance of 8,050,000 shares of our common stock, par value $0.01 per share (Common Stock) at $18.00 per share of Common Stock. Our strategy is to grow our Adjusted EBITDA and Adjusted Funds From Operations (1) organically by adding additional tenants to our towers, (2) by acquiring towers with existing telephony tenants in locations where we believe there are opportunities for organic growth and (3) by financing these newly acquired towers, on a long-term basis, using equity issuances combined with low-cost fixed-rate debt obtained through the issuance of mortgage-backed securities. Through this strategy we will seek to increase our dividend per share over time.

Global Sources Ltd.

Global Sources Ltd. is listed on NASDAQ (GSOL). We are a leading facilitator of global merchandise trade. Our business began in 1971 in Hong Kong when we launched Asian Sources, a trade magazine to serve global buyers importing products in volume from Asia. Today, we are one of Asia's leading providers of trade information in print, online and face-to-face, meeting the marketing and sourcing needs of our supplier and buyer communities. While our core business facilitates exports from Asia to the world, we also facilitate trade from the world to Asia. In 1985, we launched Electronics News for China for this purpose.

Hornbeck Offshore Services ..ced, new generation OSVs serving the offshore oil and gas industry, primarily in the U.S. Gulf of Mexico and in select international markets. The focu..

Household Finance Corp ..ned subsidiary of Household International, Inc. On March 28, 2003, Household was acquired by HSBC Holdings plc (HSBC) by way of merger with H2 Acquisi..

Intervideo Inc. ..nd DVD burning software, television viewing and recording software and InstantON software that allows personal computer (PC) users to quickly access m..

International Game Technology ..specializing in the design, development, manufacturing, distribution and sales of computerized gaming machines and systems products. We strive to main..

Intermagnetics General Corporation ..ration of its two recently acquired medical device businesses and sold its instrumentation business resulting in a new Intermagnetics that serves the ..

InfoSpace Inc. ..at involve risks and uncertainties. The statements contained in this report that are not purely historical are forward-looking statements within the m..

Ionatron Inc. ..rward-looking statements for purposes of the securities laws. Forward-looking statements include all statements that do not relate solely to the histo..

Investors Title Company .. operates through its subsidiaries and was incorporated in the State of North Carolina in February 1973. The Company became operational on June 24, 19..

Ituran Location and Control Ltd. ..ocation-based services, consisting of stolen vehicle recovery and tracking services. We also provide wireless communication products used in connectio..

James Hardie Industries NV ..ies N.V. from RCI Netherlands Holdings B.V. in July 2001 when our legal form was converted from a besloten vennootschap met beperkte aansprakelijkheid..

Kinetic Concepts Inc. ..ogy company with leadership positions in advanced wound care and therapeutic surfaces. We design, manufacture, market and service a wide range of prop..

K-V Pharmaceutical Company ..e the words we, our, us, our company or KV we are referring to K-V Pharmaceutical Company and its wholly-owned subsidiaries, including Ther-Rx Corpora..

Kensey Nash Corporation ..tements relating to future events and our future financial performance. These statements are only predictions and actual events or results may differ ..

Keithley Instruments Inc. .. organized as an Ohio corporation in 1955. Its principal executive offices are located at 28775 Aurora Road, Solon, Ohio 44139; telephone (440) 248-04..

Lee Enterprises Incorporated .. associated companies, publishes 58 daily newspapers in 23 states and more than 300 weekly, classified and specialty publications, along with associat..

LaSalle Hotel Properties ..e investment trust on January 15, 1998 to buy, own and lease primarily upscale and luxury full-service hotels located in convention, resort and major ..

LightPath Technologies Inc. ..) manufactures optical components and higher level assemblies including precision molded glass aspheric optics, isolators, proprietary fiber-optic col..

LSB Corporation ..rom the discussion respectively under the captions entitled FINANCIAL HIGHLIGHTS on page 4, BUSINESS on pages 5 through 7, MANAGEMENT'S DISCUSSION AND..

Manhattan Associates Inc. ..ed solutions to improve the effectiveness of and the efficiencies within and across the supply chain. Our solutions, which consist of software, servic..

M&F Worldwide Corporation ..orated in Delaware on June 1, 1988 and is a holding company that conducts its operations through its indirect wholly owned subsidiary, Mafco Worldwide..

Medical Properties Trust Inc. .. that acquires, develops, leases and makes other investments in healthcare facilities providing state-of-the-art healthcare services. We lease our fac..

Methanex Corporation .. producer and marketer of methanol and the largest supplier of methanol to the major international markets of North America, Asia Pacific and Europe a..

Merchants Bancshares Inc. ..ny originally organized under Vermont law in 1983 for the purposes of owning all of the outstanding capital stock of Merchants Bank and providing grea..

Monro Muffler Brake Inc. ..6 Company-operated stores and 16 dealer-operated stores providing automotive undercar repair and tire services in the United States. At March 26, 2005..

Moscow CableCom Corp. .. Group, Inc. until February 24, 2004, has been incorporated under the laws of the State of Delaware since 1998. From 1951 to 1998, the Company had bee..

Margo Caribe Inc. .. Margo Caribe, Inc. with the Securities and Exchange Commission, in its press releases or other public or shareholder communications, or in oral state..

Maidenform Brands Inc. ..er to various trademarks, service marks and trade names that we use in our business. Maidenform, Flexees, Lilyette, Self Expressions, Sweet Nothings, ..

Maxygen Inc. ..r protein optimization and modification technologies to create and develop novel therapeutic and industrial products. We are a leader in the field of ..

Navigators Group Inc. (The) .. consisting of the accounts of The Navigators Group, Inc., a Delaware holding company established in 1982, and its wholly owned subsidiaries are prepa..

Nationwide Financial Services Inc. ..November 1996. NFS is the holding company for Nationwide Life Insurance Company (NLIC) and other companies that comprise the domestic life insurance a..

Northern Indiana Public Service Company ..any whose subsidiaries provide natural gas, electricity and other products and services to over 3.7 million customers located within a corridor that r..

NL Industries Inc. ..oration in 1891, has operations through majority-owned subsidiaries and less than majority-owned affiliates in the component products and chemicals in..

Inergy L.P. ..s Gas Products, Inc. (Atlas), headquartered in Costonia, OH. Atlas delivers propane to approximately 7,000 customers from three retail locations. On O..

North American Galvanizing & Coatings Inc .. Tulsa, Oklahoma. As used in this report, except where otherwise stated or indicated by the context, North American Galvanizing (the Company and the R..

Northwest Bancorp Inc. ..ormed on June 29, 2001, as the successor to a Pennsylvania corporation of the same name. Both the Federal corporation and its Pennsylvania predecessor..

Oil-Dri Corporation Of America ..nd marketing sorbent products and related services for the consumer, specialty, crop production and horticulture and industrial and automotive markets..

Olin Corporation ..orated in 1892, having its principal executive offices in Clayton, MO. We are a manufacturer concentrated in three business segments: Chlor Alkali Pro..

Old National Bancorp Capital Trust I .. holding company incorporated in the State of Indiana and maintains its principal executive office in Evansville, Indiana. Old National, through its w..

OSI Pharmaceuticals Inc. ..ocused on the discovery, development and commercialization of high quality oncology products that both extend life and improve the quality-of-life for..

Parlux Fragrances Inc. ..ware in 1984 and is engaged in the creation, design, manufacture, distribution and sale of prestige fragrances and beauty related products marketed pr..

PC-Tel Inc. ..thin the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements include, among ..

Pacific Ethanol Inc. ..D RELATED TO THE HISTORIC AND CURRENT BUSINESS ACTIVITIES OF THE COMPANY. HOWEVER, THE COMPANY IS CURRENTLY ENGAGED IN A TRANSACTION WHICH, IF CONCLUD..

Pogo Producing Company ..d in oil and gas exploration, development, acquisition and production activities on its properties located offshore in the Gulf of Mexico, onshore in ..

Phillips-Van Heusen Corporation ..e, our or us refer to Phillips-Van Heusen Corporation and its subsidiaries taken as a whole. Our fiscal years are based on the 52-53 week period endin..

China Automotive Systems Inc. ..-looking statements within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. These sta..

PrimeEnergy Corporation ..at are based on management's current expectations, estimates and projections. Words such as expects, anticipates, intends, plans, believes, projects a..

Praxair Inc. ..1907 and became an independent publicly traded company in 1992. Praxair was the first company in the United States to produce oxygen from air using a ..

Pearson Plc ..h its principal operations in the education, business information and consumer publishing markets. We have significant operations in the United States..

Protherics Plc ..rmaceutical company engaged in the development, manufacture and sale of pharmaceutical products largely for the treatment of human diseases. The Compa..

Penn Virginia Resource Partners LP ..e limited partnership formed by Penn Virginia Corporation (Penn Virginia) in 2001 to primarily engage in the business of managing coal properties in t..

QuadraMed Corporation .., is dedicated to improving healthcare delivery by providing innovative healthcare information technology and services. We provide healthcare informat..

Rand Capital Corporation .. incorporated under the law of New York on February 24, 1969. Commencing in 1971, Rand operated as a publicly traded, closed-end, diversified manageme..

Richmont Mines Inc. ..ny is Richmont Mines Inc. The Company is a corporation domiciled in Quebec, Canada. The Company was incorporated pursuant to Part 1A of the Companies ..

Rinker Group Limited ..ith respect to market size information represent the judgment of the management of Rinker, based on records and experience of Rinker and its subsidiar..

Rotonics Manufacturing Inc. ..inois Corporation, and was reincorporated in Delaware in December 1986. Effective July 1, 1991, the Company merged with Rotonics Molding, Inc.-Chicago..

Rockwood Holdings Inc. ..ise requires, any references to we, our, us, the Company or Rockwood refer to Rockwood Holdings, Inc. and its consolidated subsidiaries. General Rockw..

Raytheon Company ..ales of $20.2 billion, is an industry leader in defense and government electronics, space, technical services, and business and special mission aircra..

SeaBright Insurance Holdings Inc. ..l workers' compensation insurance. We are domiciled in Illinois, commercially domiciled in California and headquartered in Seattle, Washington. We are..

ServiceMaster Company (The) ..g both residential and commercial customers. ServiceMasters services include lawn care and landscape maintenance; termite and pest control; home warra..

Serologicals Corporation ..products, enabling technologies and services to a diverse customer base that includes major life science companies and leading research institutions. ..

Southwest Water Company ..hwest Water, the Company, we, us or our, except where the context requires otherwise) provide a broad range of services including water production, tr..

Sands Regent (The) .. and our) operate casinos and tourist-based facilities through our wholly-owned subsidiaries: Zante, Inc., which owns and operates the Sands Regency C..

Siliconware Precision Industries Company Ltd. ..sion Industries Co., Ltd. We were incorporated under the ROC Company Act as a company limited by shares on May 17, 1984 and our shares were listed on ..

Sunoco Logistics Partners LP ..formed by Sunoco, Inc. on October 15, 2001 to own, operate and acquire a geographically diversified portfolio of complementary pipeline, terminalling,..

TGC Industries Inc. ..engaged in the geophysical service business, primarily conducting Three-D (3-D) surveys for clients in the oil and gas business. TGC's principal busin..

Tripos Inc. ..roducts and services enable life science companies to enhance their drug discovery capabilities. We combine our resources in computer-aided molecular ..

Tesco Corporation ..three years, TESCO has maintained its business as an innovative oilfield drilling technology company and growing oilfield service and equipment suppli..