Private Media Group Inc.

Private Media Group Inc. is listed on NASDAQ (PRVT). This Report includes forward-looking statements. Statements other than statements of historical fact included in this Report, including the statements under the headings Management's Discussion and Analysis of Financial Condition and Results of Operations, Business and elsewhere in this Report regarding future events or prospects, are forward-looking statements. The words may, will, expect, anticipate, believe, estimate, plan, intend, should or variations of these words, as well as other statements regarding matters that are not historical fact, constitute forward-looking statements. We have based these forward-looking statements on our current view with respect to future events and financial performance. These views involve a number of risks and uncertainties which could cause actual results to differ materially from those we predict in our forward-looking statements and from our past performance.

PrivateBancorp Inc.

PrivateBancorp Inc. is listed on NASDAQ (PVTB). We organized PrivateBancorp as a Delaware corporation in 1989 to serve as the holding company for a Chicago-based de novo (or start-up) bank designed to provide highly personalized financial services primarily to affluent individuals, professionals, entrepreneurs and their business interests. In 1991, The PrivateBank and Trust Company was one of the first banks newly formed in the Chicago area at that time. The organizers had significant senior level banking experience and many potential client contacts from prior banking positions. As the financial industry has consolidated, and smaller, independent banks have been acquired by national, multi-bank holding companies, many financial institutions have focused on a mass-market approach using automated customer service which de-emphasizes personal contact.

Ronson Corporation ..incorporated in 1928. The Company is engaged principally in the following businesses: 1. Consumer Products; and 2. Aviation-Fixed Wing Operations and ..

Res-Care Inc. ..vides residential, therapeutic, job training and educational supports to people with developmental or other disabilities, to youth with special needs ..

SAFECO Corporation ..rters in Seattle. We had 9,200 employees at February 25, 2005. We've been in business since 1923 serving the insurance needs of drivers, home owners a..

Security National Financial Corporation ..in three main business segments: life insurance, cemetery and mortuary, and mortgage loans. The life insurance segment is engaged in the business of s..

SkyePharma PLC ..c limited company organized under the laws of England and Wales with its registered office at 105 Piccadilly, London W1J 7NJ, telephone number + 44 (0..

Spartan Motors Inc. ..corporation on September 18, 1975, and is headquartered in Charlotte, Michigan. The Company began development of its first product that same year and ..

Sigma-Aldrich Corporation ..the laws of the State of Delaware in May 1975. Effective July 31, 1975 (Reorganization), the Company succeeded, as a reporting company, Sigma Internat..

Sinclair Broadcast Group Inc. ..ny that owns or provides certain programming, operating or sales services to more television stations than any other commercial broadcasting group in ..

St. Paul Companies Inc. (The) ..orporated as a general business corporation under the laws of the State of Minnesota. The St. Paul and its subsidiaries constitute one of the oldest i..

Sonesta International Hotels Corporation ..s engaged in the operation of hotels that it owns or leases in Boston (Cambridge), Massachusetts; Key Biscayne, Florida; and New Orleans, Louisiana. I..

Susquehanna Bancshares Inc. ..g company that provides a wide range of retail and commercial banking and financial services through our subsidiaries in the mid-Atlantic region. In a..

Stamps.com Inc. ..ctive Internet based services for mailing or shipping letters, packages or parcels anywhere in the United States and at anytime. Our mailing and shipp..

Strattec Security Corporation ..n which appears on pages 5 through 10 of the Company's 2005 Annual Report to Shareholders is incorporated herein by reference. For information as to e..

Stereotaxis Inc. ..tions entitled Business and Managements Discussion and Analysis of Financial Condition and Results of Operations, contains forward-looking statements...

Southwestern Energy Company ..y company primarily focused on the exploration and production of natural gas. We were organized under the laws of Arkansas over 75 years ago and origi..

Telefonica De Argentina SA ..f the largest companies in Argentina in terms of net revenues. We have a non-expiring license to provide telecommunications services in Argentina. We ..

Tech Data Corporation ..anked 111th of the FORTUNE 500 in 2004, is a leading global provider of information technology (IT) products, logistics management and other value-add..

TiVo Inc. ..es for digital video recorders, or DVRs, a rapidly growing consumer electronics category. Our subscription-based TiVo service improves home entertainm..

Tellabs Inc. ..K are described in the Glossary, which appears at the end of this Item 1. Tellabs, Inc. was incorporated in 1975 as an Illinois corporation and was su..

Transmeridian Exploration Inc ..s incorporated in the State of Delaware in April 2000. We are engaged in the business of development and production of oil and gas properties. Our act..

Triumph Group Inc. ..thin the meaning of the Private Securities Litigation Reform Act of 1995 relating to our future operations and prospects, including statements that ar..

Trinity Industries Inc. ..s, Inc. (we, Trinity) was incorporated in 1933 and is one of the nation's leading diversified industrial companies providing a variety of products and..

Tata Motors Ltd ..lic limited liability company under the Indian Companies Act VII of 1913 as Tata Locomotive and Engineering Company Limited. Our name was changed to T..

Texas United Bancshares Inc. ..bank holding company formed in June 1998 as a result of the merger of South Central Texas Bancshares, Inc. with and into Premier Bancshares, Inc. At t..

United Bankshares Inc. ..k Holding Company Act of 1956, as amended, United's present business is community and mortgage banking. As of December 31, 2003, United's consolidated..

Universal American Financial Corp. ..versal American) is a specialty health and life insurance holding company, with an emphasis on providing a broad array of health insurance and managed..

United Rentals Inc. ..pany in North America. We offer for rent over 600 types of equipment-everything from heavy machines to hand tools-through our network of more than 730..

Vail Resorts Inc. ..ng company in 1997 and operates through various subsidiaries (collectively). The Companys operations are grouped into three segments: Mountain, Lodgin..

Vion Pharmaceuticals Inc. ..development of novel therapeutics for the treatment of cancer. We were incorporated in March 1992 as a Delaware corporation and began operations on Ma..

Vasogen Inc. ..development of technologies targeting the chronic inflammation underlying cardiovascular and neurological disease. The Companys lead product, the Cela..

Veritas DGC Inc. ..sical information and services to the petroleum industry worldwide. Our customers include major, national and independent oil and gas companies that u..

Wayne Savings Bancshares Inc. ..ederal corporation which was organized on August 5, 1997. The Company was majority-owned by Wayne Savings Bankshares, M.H.C., a federally-chartered mu..

Waters Corporation ..ent manufacturer, designs, manufactures, sells and services, through its Waters Division, high performance liquid chromatography (HPLC), ultra perform..

Watson Wyatt & Company Holdings ..any Holdings completed the acquisition of assets and assumptions of liabilities of Watson Wyatt LLP (WWLLP) (the acquisition), a privately held limite..

Worldgate Communications Inc. .. Delaware in 1996 to succeed to the business of our predecessor, WorldGate Communications, L.L.C., which commenced operations in March 1995. In April ..

Xerox Corporation ..Corporation and its subsidiaries unless the context specifically states or implies otherwise. Xerox is a $15.7 billion technology and services enterpr..

YPF Sociedad Anonima ..a was created on June 2, 1977, under the laws of the Republic of Argentina as a governmental entity. On January 1, 1991, through Decree No. 2,778-90, ..

China Telecom Corp Ltd ..structuring and Initial Public Offering We were incorporated under the laws of China on September 10, 2002 as a joint stock company with limited liabi..

ABX Air Inc. ..rgo transportation and, through a network of 19 hubs, provides package sorting, handling and line-haul services within the United States. We operate a..

Acxiom Corporation ..echnology to create and deliver customer and information management solutions for many of the largest, most respected companies in the world. The core..

Aetrium Incorporated ..ctromechanical equipment used in the handling and testing of semiconductor and passive electronic devices, such as integrated circuits, or ICs, and di..

ASSURED GUARANTY LTD .. is a Bermuda-based holding company providing, through our operating subsidiaries, credit enhancement products to the public finance, structured finan..

Albany International Corporation ..e engaged in three business segments, each segment involving similar products or services. The Engineered Fabrics segment includes paper machine cloth..

Acambis plc ..velopment of Acambis COMPANY SECRETARY, REGISTERED OFFICE AND GROUP HEADQUARTERS Elizabeth Brown Peterhouse Technology Park 100 Fulbourn Road Cambridg..

Alvarion Ltd. ..aws of the State of Israel. Since our inception, we have devoted substantially all of our resources to the design, development, manufacturing and mark..

Ampex Corporation ..nd licensor of visual information technology. During our 60-year history, we have developed substantial proprietary technology relating to the electro..

Advisory Board Company (The) .. hospitals, health systems, pharmaceutical and biotech companies, health care insurers and medical device companies in the United States, focusing on ..

Aracruz Celulose S.A. ..lopment of Aracruz We conduct our operations under our legal and commercial name, Aracruz Celulose S.A. We are a corporation (sociedade anônima), with..

Arkansas Best Corporation ..gaged through its subsidiaries primarily in motor carrier transportation operations and intermodal transportation operations. Principal subsidiaries a..

Artesian Resources Corporation .. or the Company, operates as the parent holding company of Artesian Water Company, Inc., Artesian Water, our principal subsidiary, Artesian Water Penn..

Atlantic BancGroup Inc ..ntic BancGroup, Inc. (Holding Company or Atlantic) was incorporated in the State of Florida. On April 3, 1999, the shareholders of Oceanside Bank (Oce..

Avalon Holdings Corporation .. April 30, 1998 as a subsidiary of American Waste Services, Inc. (AWS). Pursuant to the terms of a Contribution and Distribution Agreement dated as of..

American Express Company ..idated subsidiaries (American Express, the Company), is a leading provider of travel related services, payment services, financial advisory services a..

Brunswick Corporation ..ter of leading consumer brands, including: Mercury and Mariner outboard engines; MerCruiser sterndrive and inboard engines; MotorGuide trolling motors..

Brandywine Realty Trust ..ny refer to Brandywine Realty Trust, a Maryland real estate investment trust, individually or together with its subsidiaries, including Brandywine Ope..

Berkshire Hathaway Inc. ..istrant) is a holding company owning subsidiaries engaged in a number of diverse business activities. The most important of these are insurance busine..

Berkshire Income Realty Inc. ..t on Form S-11 with the SEC with respect to its offers (the Offering) to exchange its 9% Series A Cumulative Redeemable Preferred Stock (Preferred Sha..

Biomet Inc. ..rporated in 1977, and its subsidiaries design, manufacture and market products used primarily by musculoskeletal medical specialists in both surgical ..

CTBI PFD CAP TR II ..ompany registered with the Board of Governors of the Federal Reserve System pursuant to Section 5(a) of the Bank Holding Company Act of 1956, as amend..

Britton & Koontz Capital Corporation .. as a Mississippi business corporation in July 1982. Later that year, the Company became a one-bank holding company registered under the Bank Holding ..

Compania Mina Buenaventura S.A. ..e Perus largest publicly-traded precious metals company, and are engaged in the exploration, mining and processing of gold, silver and, to a lesser ex..