Exhibit 21.1



CellStar Corporation

List of Subsidiaries and Affiliates

as of February 13, 2006

[100% Owned Unless Otherwise Indicated]



|                                                       |  |                          
|------------------------------------------------------ |  | -------------------------
|Name of Subsidiary                                     |  | Incorporation            
|CellStar Air Services, Inc. (5)                        |  | Delaware                 
|A & S Air Service, Inc. (5)                            |  | Delaware                 
|CellStar Telecom, Inc. (5)                             |  | Delaware                 
|CellStar Financo, Inc.                                 |  | Delaware                 
|CellStar Holding AB                                    |  | Sweden                   
|National Auto Center, Inc.                             |  | Delaware                 
|CellStar International Corporation/SA                  |  | Delaware                 
|CellStar Chile, S.A.                                   |  | Chile                    
|CellStar de Colombia Ltda. (3)                         |  | Colombia                 
|CellStar Mexico, S.A. de C.V.                          |  | Mexico                   
|CellStar (UK) Ltd. (5)                                 |  | UK                       
|CellStar El Salvador S.A. (6)                          |  | El Salvador              
|CellStar de Guatemala S.A. (6)                         |  | Guatemala                
|CellStar International Corporation/Asia                |  | Delaware                 
|Cellular Express (S) Pte. Ltd. (5)                     |  | Singapore                
|CellStar Philippines, Inc. (5)                         |  | Philippines              
|CellStar Asia Pacific Corporation                      |  | Cayman Islands           
|CellStar Asia.com, Inc. (5)                            |  | BVI                      
|Systar Corporation, Ltd. (5)                           |  | Taiwan                   
|Chinadotcom CellStar, Ltd. (5)                         |  | BVI                      
|Audiomex Export Corp.                                  |  | Texas                    
|Celular Express S. A. de C. V.                         |  | Mexico                   
|Sizemore International N.V.                            |  | Netherlands Antilles     
|Comunicacion Inalambrica Inteligente, S.A. de C.V. (4) |  | Mexico                   
|Celular Express Management S.A. de C.V.                |  | Mexico                   
|NAC Holdings, Inc.                                     |  | Nevada                   
|CellStar, Ltd. (1)                                     |  | Texas Limited Partnership
|CellStar Fulfillment, Ltd. (2)                         |  | Texas Limited Partnership
|Florida Properties, Inc.                               |  | Texas                    
|CellStar Fulfillment, Inc.                             |  | Delaware                 
|CellStar Netherlands Holdings, B.V.                    |  | The Netherlands          



|(1) | National Auto Center, Inc. is 1% General Partner and NAC Holdings, Inc. is 99% limited partner.
|--- | -----------------------------------------------------------------------------------------------



|(2) | CellStar Fulfillment, Inc. is 1% General Partner and NAC Holdings, Inc. is 99% limited partner.
|--- | -----------------------------------------------------------------------------------------------



|(3) | 19% owned by CellStar International Corporation/SA. Remaining 81% owned by Mobile Technologies Services, S.A., a Panama corporation, which is not owned or controlled by any CellStar
entity. This 81% is pledged to secure promissory notes owed to CellStar entities.
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(4) | 51% held by Celular Express S.A. de C.V., the remaining 49% held by six (6) different individuals.
|--- | --------------------------------------------------------------------------------------------------



|(5) | Corporate entity inactive and/or dormant.
|--- | -----------------------------------------



|(6) | Incorporated during Fiscal 2006.
|--- | --------------------------------