EXHIBIT 21.1

CLST Holdings, Inc.        (formerly known as CellStar Corporation)        List of Subsidiaries and Affiliates

[100% Owned by CLST Holdings, Inc. Unless Otherwise Indicated]

|Name                                             |                                                   | Incorporation                                                                         
|------------------------------------------------ | ------------------------------------------------- | --------------------------------------------------------------------------------------
|CLST Holdings, Inc. (f/k/a CellStar Corporation) |                                                   | Delaware                                                                              
|                                                 | CLST Financo, Inc. (f/k/a CellStar Financo, Inc.) |                                                                                       
|                                                 | CellStar Holding AB(4)                            |                                                                                       
|                                                 | National Auto Center, Inc.                        |                                                                                       
|                                                 |                                                   | CLST International Corporation/SA
(f/k/a CellStar International Corporation/SA)       
|                                                 |                                                   |                                                                                       
|                                                 |                                                   |                                                                                       
|                                                 |                                                   |                                                                                       
|                                                 |                                                   |                                                                                       
|                                                 |                                                   | CLST International Corporation/Asia
(f/k/a CellStar International Corporation/Asia)(4)
|                                                 |                                                   |                                                                                       
|                                                 |                                                   | Audiomex Export Corp.                                                                 
|                                                 |                                                   | NAC Holdings, Inc.                                                                    
|                                                 |                                                   |                                                                                       
|                                                 |                                                   |                                                                                       
|                                                 |                                                   | CLST Fulfillment, Inc. (f/k/a CellStar Fulfillment, Inc.)                             
|                                                 |                                                   | CellStar Netherlands Holdings, B.V. (4)                                               

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