<DOCUMENT>
<TYPE>EX-21.1
<SEQUENCE>5
<FILENAME>dex211.txt
<DESCRIPTION>LIST OF SUBSIDIARIES
<TEXT>
<PAGE>

                                                                    Exhibit 21.1

<TABLE>
<CAPTION>

Subsidiary Name                             State of Incorporation             Percentage Ownership
<S>                                         <C>                                <C>
1075 First Global Associates, LLC           Pennsylvania                       100 %
7601 Trade Port Drive LLC                   Kentucky                           100 %
Ashford.com, Inc.                           Delaware                           100 %
Global-QVC Solutions, Inc.                  Delaware                           100 %
GSI Call Center, Inc.                       Florida                            100 %
GSI Commerce Solutions, Inc.                Pennsylvania                       100 %
GSI Corporate Gifts, Inc.                   Delaware                           100 %
GSI Equipment, Inc.                         New York                           100 %
GSI Legacy Holdings, Inc.                   Pennsylvania                       100 %

</TABLE>


</TEXT>
</DOCUMENT>