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Supertel Hospitality Inc.

Supertel Hospitality Inc. is listed on NASDAQ (SPPR). We are a self-administered real estate investment trust (REIT), and through our subsidiaries, we own 69 limited service hotels in 16 states. Our hotels operate under several national franchise brands. Our significant events for 2004 include: . The payment of dividends during each quarter, for a total of $.20 per share in 2004, up from $.17 per share in 2003; . the appointment of Royal Host to manage our hotels in August in connection with the termination of the management contract with Humphrey Hospitality Management, Inc. . the relocation of the corporate offices from Columbia, MD to our office building in Norfolk, NE; . the election of Paul J.

Supertex Inc.

Supertex Inc. is listed on NASDAQ (SUPX). This Annual Report on Form 10-K includes forward-looking statements. These forward-looking statements are not historical facts, and are based on current expectations, estimates, and projections about our industry, our beliefs, our assumptions, and our goals and objectives. Words such as anticipates, expects, intends, plans, believes, seeks, and estimates, and variations of these words and similar expressions, are intended to identify forward-looking statements. Examples of the kinds of forward-looking statements in this report include statements regarding the following: (1) we expect to undertake research and development of more than thirty new product projects during fiscal 2006, (2) our expectation that our wafer fabrication facility (fab) will fulfill our wafer manufacturing capacity needs, (3) our belief that our current backlog will be shipped in fiscal 2006, (4) our belief that our patents may have value and may be useful for cross-licensing, (5) our be

Cash Technologies Inc. .., incorporated in August 1995. Unless the context otherwise requires, references herein to we, our or Cash Tech refers to Cash Technologies, Inc., and..

Toreador Resources Corporation ..tion (Toreador, we, us, our,), is an independent international energy company engaged in oil and natural gas exploration, development, production, lea..

TTI Team Telecom International Ltd. ..ecom International Ltd. We were incorporated under the laws of the State of Israel in February 1990. We are domiciled in Israel. Our legal form is a c..

Texas Instruments Incorporated .. Dallas, Texas, and has manufacturing, design or sales operations in more than 25 countries. We have three separate business segments: 1) Semiconducto..

UGI Corporation ..tes and markets energy products and related services through subsidiaries and joint venture affiliates. We are a domestic and international retail dis..

UPM-Kymmene Oyj ..rporation organized under the laws of the Republic of Finland. We were incorporated in the Republic of Finland on April 30, 1996 as a result of the me..

United Surgical Partners International Inc. ..ther with its subsidiaries, we, the Company or USPI) owns and operates short stay surgical facilities including surgery centers and private surgical h..

Universal Display Corporation ..ommercialization of organic light emitting diode, or OLED, technologies for use in a variety of flat panel display and other applications. OLEDs are t..

Video Display Corporation ..manufacturer and supplier of a wide range of display devices and component parts for military, medical, industrial and consumer display applications. ..

Vista Gold Corporation .. acquisition and exploration of gold exploration and potential development projects. The Corporations approach to acquisitions of gold projects has ge..

Waste Connections Inc. ..anized in 1997, is an integrated solid waste services company that provides solid waste collection, transfer, disposal and recycling services in mostl..

Washington Group International Inc. ..ur refer to Washington Group International, Inc. (Washington Group International) and its consolidated subsidiaries; references to 2004 are references..

Witness Systems Inc. ..software suite that enables global enterprises to capture customer intelligence and optimize workforce performance. Our solution is comprised of Voice..

WPP Group plc ..ed global, multinational and national advertising and marketing services companies that are organised into four business segments. Our largest segment..

Wireless Telecom Group Inc. ..tion , develops, manufactures and markets a wide variety of electronic noise sources, passive microwave components and electronic testing and measurin..

U.S. Xpress Enterprises Inc. ..t may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Secu..

Zix Corporation .. provides easy-to-use-and-deploy e-communication services that protect, manage, and deliver sensitive information to enterprises and consumers in heal..

Abitibi-Consolidated Inc. ..rincipal operations produce and market newsprint and value-added groundwood papers. The Companys operations also include the manufacturing and marketi..

Alfacell Corporation ..y primarily engaged in the discovery and development of a new class of therapeutic drugs for the treatment of cancer and other pathological conditions..

Actuate Corporation ..ng Application Platform, a unified software platform that enables large organizations and packaged application software vendors to develop and deploy ..

Assurant Inc. ..n, formed in connection with the Initial Public Offering (IPO) of its Common Stock, which began trading on the New York Stock Exchange (NYSE) on Febru..

Angelica Corporation .. management services to the U.S. healthcare industry. We have developed a comprehensive service offering that allows healthcare providers to outsource..

Akamai Technologies Inc. ..thin the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to risks and uncertainties and are based on the..

Allos Therapeutics Inc. ..mpany that is focused on developing and commercializing innovative small molecule drugs for improving cancer treatments. Small molecule drugs, in gene..

Amerco ..ng and storage operator through our subsidiary U-Haul International, Inc. U-Haul is synonymous with do-it-yourself moving and storage and is a leader ..

AMERIPRISE FINANCIAL SERVICES INC. ..oducts and services that are designed to offer solutions for our clients' asset accumulation, income and protection needs. As of December 31, 2005, we..

Answers Corporation ..business model, announced on January 3, 2005 with the launch of Answers.com. For information regarding our previous business model, on the basis of wh..

APTIMUS INC ..stributes advertisements for direct marketing advertisers across a network of third-party web sites and company-owned and licensed email lists. Advert..

Alexander & Baldwin Inc. ..orporation with most of its operations centered in Hawaii. It was founded in 1870 and incorporated in 1900. Ocean transportation operations, related s..

America First Tax Exempt Investors L.P. ..nership) was formed on April 2, 1998 under the Delaware Revised Uniform Limited Partnership Act for the purpose of acquiring, holding, selling and oth..

Ames National Corporation ..and bank holding company registered under the Bank Holding Company Act of 1956, as amended. The Company owns 100% of the stock of five banking subsidi..

Auburn National Bancorporation Inc. ..lding company registered with the Board of Governors of the Federal Reserve System (the Federal Reserve) under the Bank Holding Company Act of 1956, a..

Accelr8 Technology Corporation ..tion was incorporated on May 26, 1982. The Companys office and laboratory are located at 7000 North Broadway, Building 3-307, Denver, Colorado 80221, ..

BankAtlantic Bancorp Inc. .., the matters discussed in this document contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amende..

Bell Microproducts Inc. ..forward-looking statements within the meaning of the Private Litigation Reform Act of 1995 regarding future events and the future results of Bell Micr..

Bio-Imaging Technologies Inc. ..rvice organization, providing services that support the product development process of the pharmaceutical, biotechnology and medical device industries..

Bank of South Carolina Corp. ..e-chartered financial institution, which was organized on October 22, 1986, and opened for business on February 26, 1987. The Bank is a wholly-owned s..

Banco Santander Central Hispano S.A. .. is the parent bank of the Santander Group. It was established on March 21, 1857 and incorporated in its present form by a public deed executed in San..

BioScrip Inc. ..hich delivers innovative pharmacy benefit management, specialty pharmaceutical management and delivery services and other pharmacy-related healthcare ..

Boston Scientific Corporation ..oper, manufacturer and marketer of medical devices that are used in a broad range of interventional medical specialties including interventional cardi..

Brooke Corporation .. services to individuals and small businesses through our network of over 385 franchised locations. We provide our franchisees with wealth creation op..

Meta Financial Group Inc. ..cipal assets of which are all the issued and outstanding shares of MetaBank and MetaBank West Central. (In January of 2005, the Company changed its na..

CBIZ Inc. ..ng through its subsidiaries, provides professional business services to businesses of various sizes, as well as individuals, governmental entities and..

Capital One Financial Corporation ..oration organized in 1972. The Company became a bank holding company in 1973 and a financial holding company in 2000. As of December 31, 2004, the Com..

CDW Corporation ..s, CDW) is a leading direct marketer of multi-brand computers and related technology products and services in the United States. The Company was found..

Coast Financial Holdings Inc. ..ompany or Coast Financial) headquartered in Bradenton, Florida, is a bank holding company registered under the Bank Holding Company Act of 1956 primar..

Chaparral Steel Company ..005, as a wholly-owned subsidiary of Texas Industries, Inc. (TXI) to serve as the holding company for its steel business in anticipation of our spin-o..

Seagate Technology Holdings ..arketing of rigid disc drives. Rigid disc drives, which are commonly referred to as disc drives or hard drives, are used as the primary medium for sto..

Euro Tech Holdings Company Limited ..e Company was organized under the laws of the British Virgin Islands on September 30, 1996 for the purposes of raising capital and for acquiring all t..

Competitive Technologies Inc. ..e corporation incorporated in 1971 to succeed an Illinois corporation incorporated in 1968. CTT and its subsidiary (collectively, the registrant, we, ..

Cohn & Steers Inc ..ed in 2004, together with its wholly-owned subsidiaries, is a manager of high-income equity portfolios, specializing in U.S. real estate investment tr..

Conceptus Inc. ..vative and proprietary non-incisional permanent birth control device for women which was approved for marketing in the United States in November 2002 ..

CryoLife Inc. .., 1984 in Florida, develops and commercializes implantable medical devices and preserves and distributes human tissues for cardiovascular, vascular, a..

Cooper Tire & Rubber Company .. manufacturer of replacement tires. It is the fourth largest tire manufacturer in North America and, according to a recognized trade source, is the ei..

CTS Corporation ..components and sensors and a supplier of electronics manufacturing services. CTS was established in 1896 as a provider of high-quality telephone produ..

CVD Equipment Corporation .. term we or any derivation thereof, we mean CVD Equipment Corporation, a New York corporation, formed in 1982 . We design, develop, manufacture, marke..

Cox Radio Inc. ..asting companies in the United States and the largest pure-play radio station group, based on revenues, and has one reportable segment for accounting ..

DryShips Inc. ..er the laws of Marshall Islands and has its principal offices in Greece. It is an owner and operator of drybulk carriers that operate worldwide. Drysh..

Dominion Homes Inc. ..e Company in this Annual Report on Form 10-K mean Dominion Homes, Inc. and its consolidated subsidiaries, except where it is made clear that the term ..

Dune Energy Inc. ..ny,) has been an independent energy company engaged in the business of the exploration, development and acquisition of natural gas and crude oil prope..

Dynamics Research Corporation ..mation technology, engineering, logistics and other consulting services to federal defense, civil and state agency customers. Founded in 1955 and head..

ENI S.p.A. ..ged in the oil and gas, electricity generation, petrochemicals, oilfield services and engineering industries. Eni has operations in about 70 countries..

Epic Bancorp ..ifornia on December 20, 1988 for the primary purpose of organizing, as a wholly owned industrial banking company subsidiary, Tamalpais Bank. The Compa..

Friendly Ice Cream Corporation .. 1968 until January 1979, at which time it was acquired by Hershey Foods Corporation (Hershey). In 1988, The Restaurant Company (TRC), an investor gro..

Fluor Corporation ..September 11, 2000 prior to a reverse spin-off transaction which separated us from our coal business which now operates as Massey Energy Company. Howe..

Frontier Oil Corporation .. Form 10-K refer to Frontier Oil Corporation and its subsidiaries, except where it is clear that those terms mean only the parent company. When we use..

Golden Star Resources Ltd ..he Canada Business Corporations Act on May 15, 1992 as a result of the amalgamation of South American Goldfields Inc., a corporation incorporated unde..

Goldman Sachs Group Inc. (The) ..ng, securities and investment management firm that provides a wide range of services worldwide to a substantial and diversified client base that inclu..

Harmony Gold Mining Co. Ltd. ..n maatskappy NAME OF COMPANY HARMONY GOLD MINING COMPANY LIMITED P O BOX 1 GLEN HARMONY 9435 (a) Die ligging van die geregistreerde kantoor en posadre..

IA Global Inc. ..998 under the name foreignTV.com, Inc. In December 1999, we changed our name to Medium4.com, Inc. On January 3, 2003, we changed our name to IA Global..

Imperial Oil Limited ..ws of Canada in 1880 and was continued under the Canada Business Corporations Act (the CBCA) by certificate of continuance dated April 24, 1978. The h..

I-TRAX INC ..ing statements. Other than statements of historical facts, all statements included or incorporated in this report regarding our strategy, future opera..

Keryx Biopharmaceuticals Inc. ..acquisition, development and commercialization of novel pharmaceutical products for the treatment of life-threatening diseases, including diabetes and..

Leadis Technology Inc. ..ductors that enable and enhance the features and capabilities of small panel displays. Our core products are color display drivers with integrated con..

Lattice Semiconductor Corporation ..s and markets high performance programmable logic products and related software. Programmable logic products are widely-used semiconductor components ..

McClatchy Company (The) ..investor relations page available to all interested parties at www.mcclatchy.com. All filings with the United States Securities and Exchange Commissio..

McCormick & Company Incorporated ..ny, is a global leader in the manufacture, marketing and distribution of spices, herbs, seasonings and other flavors to the entire food industry. The ..

Material Sciences Corporation .. (MSC) designs, manufactures and markets material-based solutions for acoustical-thermal, coated metal and electronic applications. Until June 20, 200..

Noble Energy Inc. ..incorporated herein by reference contain forward-looking statements based on expectations, estimates and projections as of the date of this filing. Th..