Royal Bank Of Canada

Royal Bank Of Canada is listed on NYSE (RY). GENERAL DEVELOPMENT OF THE BUSINESS THREE YEAR HISTORY In 2003, we introduced our new vision always earning the right to be our clients' first choice which reinforces our commitment to client satisfaction, retention, and growing our share of clients' business. In order to achieve the strategic priority of superior client experience, we continued to focus on providing a better client experience across all our business segments. As well, we continued to expand our business through strategic acquisitions, which continued into 2004 with acquisitions in our U.S. banking and investment businesses. In 2004, we also acquired the Canadian operations of a large U.S. insurance company. Additional information about our acquisitions and dispositions can be found in the Acquisitions and Dispositions chart on page 5. In 2004, we began an intensive process to examine our operations and structures to better realize our client vision.

Royal Caribbean Cruises Ltd.

Royal Caribbean Cruises Ltd. is listed on NYSE (RCL). Royal Caribbean International was founded in 1968. The current parent corporation, Royal Caribbean Cruises Ltd., was incorporated on July 23, 1985 in the Republic of Liberia under the Business Corporation Act of Liberia. We are the world's second largest cruise company with 29 cruise ships and 60,590 berths. We operate two brands, Royal Caribbean International and Celebrity Cruises, in the cruise vacation industry. The cruise vacation industry is comprised of the budget, contemporary, premium and luxury segments. Our ships operate on a selection of worldwide itineraries that call on approximately 160 destinations.

Sanders Morris Harris Group Inc. ..ion formed in 1998 (SMHG), provides a broad range of financial and other professional services through its operating subsidiaries. Our financial and o..

Sharper Image Corporation ..any, The Sharper Image, and it) is a leading specialty retailer of innovative, high quality products that are useful and entertaining and are designed..

Span-America Medical Systems Inc. ..ooking statements that describe anticipated results for Span-America Medical Systems, Inc. (Span-America). These statements are estimates or forecasts..

Greenhill ..m that (i) provides financial advice on significant mergers, acquisitions, restructurings and similar corporate finance matters and (ii) manages merch..

STERLING BANCORP ..rant) is a bank holding company and a financial holding company as defined by the Bank Holding Company Act of 1956, as amended (the BHCA), which was o..

Sunair Services Corporation ..us, we or our) is a Florida corporation organized in 1956. We changed our corporate name from Sunair Electronics, Inc. to Sunair Services Corporation ..

Syniverse Holdings Inc. ..l technology services to wireless carriers worldwide for over 17 years. We were founded in 1987 as GTE Telecommunication Services Inc., a unit of GTE,..

Stanley Furniture Company Inc. ..dential wood furniture exclusively targeted at the upper-medium price range. We offer diversified product lines across all major style and product cat..

Timberland Company (The) ..e on December 20, 1978. We are the successor to the Abington Shoe Company, which was incorporated in Massachusetts in 1933. We refer to The Timberland..

Telephone and Data Systems Inc. ..sified telecommunications service company with wireless telephone and wireline telephone operations. At December 31, 2004, TDS served approximately 6...

Tri-Valley Corporation ..med in 1971, is in the business of exploring, acquiring and developing prospective and producing petroleum, industrial minerals and precious metals pr..

Meridian Resource Corporation (The) .. independent oil and natural gas company that explores for, acquires and develops oil and natural gas properties utilizing 3-D seismic technology. Our..

TierOne Corporation .. 10-K and the accompanying 2004 Annual Report which are not historical facts may be forward-looking statements as that term is defined in the Private ..

TEPPCO Partners L.P. ..e limited partnership, is a master limited partnership formed in March 1990. We operate through TE Products Pipeline Company, Limited Partnership (TE ..

TORCHMARK CAPITAL TR I ..lding company, was incorporated in Delaware in 1979, as Liberty National Insurance Holding Company and was renamed Torchmark Corporation in 1982. Its ..

Microvision Inc. ..sion, Inc. (Microvision) and Lumera Corporation (Lumera), a subsidiary that was consolidated prior to July 2004. In July 2004, Lumera completed an ini..

Unica Corporation ..al Report on Form 10-K, which we refer to as this Annual Report, contain forward-looking statements that involve risk and uncertainties. Our actual re..

UMB Financial Corporation ..nder Missouri law for the purpose of becoming a bank holding company registered under the Bank Holding Company Act of 1956. In 2001, the Company elect..

United Parcel Service Inc. ..y and a global leader in supply chain solutions. We were founded in 1907 as a private messenger and delivery service in Seattle, Washington. Today, we..

United States Cellular Corporation .. provides wireless telephone service to 4,945,000 customers through the operations of 175 majority-owned (consolidated) wireless licenses throughout t..

Virginia Commerce Bancorp ..g business through the Bank, its sole direct operating subsidiary. The Banks customer base includes small-to-medium-sized businesses, including firms ..

Valentis Inc. ..orward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act ..

Vodavi Technology Inc. ..nge of business telecommunications solutions, including traditional, converged, and IP-based telephone systems and telephony applications, as well as ..

W&T Offshore Inc. ..in this Annual Report to W&T, we, us and our refer to W&T Offshore, Inc. and its consolidated subsidiaries. We are an independent oil and natural gas ..

Weatherford International Inc. ..'s leading providers of equipment and services used for the drilling, completion and production of oil and natural gas wells. Weatherford, as we know ..

White Electronic Designs Corporation ..oelectronic and display components and systems for inclusion in high technology products for military, industrial and commercial markets. Our microele..

Windrose Medical Properties Trust ..istered and self-managed real estate company, operating as a real estate investment trust (REIT) for federal income tax purposes. The Company invests ..

Wright Medical Group Inc. .. Technology, Inc. and other operating subsidiaries, is a global orthopaedic medical device company specializing in the design, manufacture and marketi..

YM BioSciences Inc. ..s of Ontario on August 17, 1994 and on December 11, 2001 the Corporation continued into the Province of Nova Scotia under the Nova Scotia Companies Ac..

ALCON INC ..Inc. was originally incorporated in Switzerland in 1971 as Société Fromagère Nestlé S.A., and, after a change of our name to Alcon Universal S.A. in 1..

Ambac Financial Group Inc. ..York City, is a holding company whose subsidiaries provide financial guarantee products and other financial services to clients in both the public and..

American Claims Evaluation Inc. .. in the State of New York and commenced operations in April 1982. The Company provides a full range of vocational rehabilitation and disability manage..

ADA-ES Inc. ..tements within the meaning of Section 27A of the Securities Act of 1933 that involve risks and uncertainties. In particular such forward-looking state..

AES TR III .. operations in 27 countries on five continents. A Delaware corporation formed in 1981, AES is a holding company that, through its subsidiaries, operat..

Allied Irish Banks p.l.c. .. at Bankcentre, Ballsbridge, Dublin 4, Ireland. (Telephone number +353-1-660 0311) Additional statistical information may be found elsewhere as follow..

Allete Inc. ..segments. REGULATED UTILITY includes retail and wholesale rate regulated electric, water and gas services in northeastern Minnesota and northwestern W..

Astronics Corporation ..ctronic systems for the global aerospace industry. The Company designs and manufactures its products for aircraft original equipment manufacturers (OE..

AMIS Holdings Inc. ..is annual report on Form 10-K contains forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as m..

AMB Property Corporation ..acquires, develops and operates primarily industrial properties in key distribution markets throughout North America, Europe and Asia. We commenced op..

Apache Corporation ..in 1954, is an independent energy company that explores for, develops and produces natural gas, crude oil and natural gas liquids. In North America, o..

Ares Capital Corporation ..r loans and long-term mezzanine debt. First and second lien senior loans generally are senior debt instruments that rank ahead of subordinated debt of..

Ashworth Inc. .. incorporated in Delaware on March 19, 1987. As used in this report, the terms we, us, our, Ashworth and the Company refer to Ashworth, Inc., its pred..

Apogee Technology Inc. .. and markets silicon based products that incorporate proprietary technologies. The Company's patented all-digital, high efficiency Direct Digital Ampl..

Equity Income Fund First Exchange Series ..AT&T Shares was formed in 1983 as a unit investment trust under New York law and in accordance with the Investment Company Act of 1940 by a trust inde..

Avant Immunotherapeutics Inc. ..fer to AVANT Immunotherapeutics, Inc., a Delaware corporation organized in 1983. We are a biopharmaceutical company that uses novel applications of im..

Aurizon Mines Ltd. ..e name 343318 B.C. Ltd., by filing a memorandum and articles with the Registrar of Companies under the BCCA. On August 10, 1988, Aurizons name was cha..

Baldor Electric Company ..in Missouri in 1920. The Company operates in one industry segment, which includes the design, manufacture, and sale of electric motors, drives, genera..

Savannah Bancorp Inc. (The) ..Georgia business corporation on October 5, 1989, for the purpose of becoming a bank holding company. The Company became a bank holding company within ..

Natural Resource Partners L.P. ..rship formed in April 2002, and we completed our initial public offering in October 2002. We engage principally in the business of owning and managing..

Boots and Coots International Well Control Inc. ..uston, Texas, provides a suite of integrated oilfield services centered on the prevention, emergency response and restoration of blowouts and well fi..

Bar Harbor Bankshares Inc. .., 1984. As of March 7, 2005, the Company's securities consisted of one class of common stock, par value of $2.00 per share, of which there were 3,076,..

BREMER CAP TR I ..al services company with $6.1 billion in assets as of December 31, 2004, operating 102 offices in Minnesota, Wisconsin and North Dakota. We offer a wi..

Buckeye Partners L.P. ..er limited partnership organized in 1986 under the laws of the state of Delaware. The Partnership's principal line of business is the transportation, ..

Carrington Laboratories Inc. ..ries, Inc. (Carrington) is a research-based biopharmaceutical, medical device, raw materials and nutraceutical company engaged in the development, man..

Captaris Inc. ..apture, process, deliver, manage and archive data and documents enabling customers to reduce costs and increase the performance of critical business i..

CCF Holding Company ..rganized in March 1995 at the direction of Clayton County Federal Savings and Loan Association in connection with the Bank's conversion from a mutual ..

Comm Bancorp Inc. ..ted in 1983 as a Pennsylvania business corporation and are headquartered in Clarks Summit, Pennsylvania. We have two wholly-owned subsidiaries, Commun..

Caremark Rx Inc. .. services companies in the United States, with net revenue of approximately $25.8 billion (including approximately $4.6 billion of retail copayments) ..

Cagles Inc. ..s first incorporated in Georgia in 1953, and its wholly owned subsidiary (Cagles Farms, Inc., formerly Strain Poultry Farms, Inc.) produce, market, an..

Citizens Inc. .. insurance holding company. We were incorporated in Colorado in 1977. We are a parent company that directly or indirectly owns 100% of 15 operating su..

Corus Entertainmt Incorporated ..ss activities are conducted through three operating groups: Radio, Television and Content, as described below. RADIO Description of the Industry The C..

Cooper Industries Ltd. ..ndustries, Ltd., which was incorporated under the laws of Bermuda on May 22, 2001, and became the successor-registrant to Cooper Industries, Inc. on M..

Coldwater Creek Inc. ..ts regarding our current strategies, financial position, results of operations, cash flows, operating and financial trends and uncertainties, as well ..

Cytyc Corporation ..rds we, us, our and Cytyc refer to Cytyc Corporation and all of its affiliates and subsidiaries taken as a whole, and our board of directors refers to..

Digirad Corporation ..d distribution of solid-state medical imaging products and services to physician offices, hospitals and imaging centers for the detection of cardiovas..

ECC Capital Corp. ..1, 2004 in the state of Maryland. ECC Capital was formed by Encore Credit Corp. solely for the purpose of effecting a restructuring of Encore Credit C..