Tejas Securities Group, Inc. Adds Senior Investment Banker to Staff
June 10, 2005 (Press Release) --
AUSTIN, TX, Jun. 8, 2005 - Tejas Securities Group, Inc. today announced that it has hired Mark Hughes as a Managing Director of its Investment Banking business unit.
Mr. Hughes will be responsible for assisting to lead an Investment Banking business that has seen substantial growth in the last year. Formerly a Managing Director of Investment Banking at New York based C.E. Unterberg, Towbin, Mr. Hughes brings significant experience in working with growth companies in the technology sector. Prior to joining C.E. Unterberg, Towbin, Mr. Hughes worked in Global Markets at Deutsche Bank as a Foreign Exchange analyst.
Kurt Rechner, President and Chief Operating Officer, noted, “Mark is a seasoned Wall Street banker that brings a wealth of experience to the Tejas team. We look forward to the benefits of his leadership skills as we continue the process of enhancing our Investment Banking group and growing our revenues.”
Company Information
Tejas Securities Group, Inc., a Texas corporation (“Tejas Securities”), is a wholly owned subsidiary and a primary business operating unit of Tejas Incorporated, a publicly traded financial services company. Tejas Securities is a full service brokerage and investment banking firm that focuses on the following: (i) proprietary research on distressed debt and special situation securities, (ii) trading and other brokerage services to value-based institutional and retail investors active in fixed income and equity instruments, and (iii) corporate finance and strategic advisory services to middle-market companies within our target industries. To learn more about Tejas Securities, please visit the Company’s web site at www.tejassec.com
Safe Harbor Statement
This press release may contain forward looking statements. Undue reliance should not be placed on the forward-looking statements, which speak only as of the date of this news release. Important factors that could cause actual results to differ materially from such forward-looking statements are described in the most recent Forms 10-K and 10-Q and other SEC filings of Tejas Incorporated. Neither Tejas Incorporated nor Tejas Securities undertake any obligation to publicly update any forward-looking statements.
Mr. Hughes will be responsible for assisting to lead an Investment Banking business that has seen substantial growth in the last year. Formerly a Managing Director of Investment Banking at New York based C.E. Unterberg, Towbin, Mr. Hughes brings significant experience in working with growth companies in the technology sector. Prior to joining C.E. Unterberg, Towbin, Mr. Hughes worked in Global Markets at Deutsche Bank as a Foreign Exchange analyst.
Kurt Rechner, President and Chief Operating Officer, noted, “Mark is a seasoned Wall Street banker that brings a wealth of experience to the Tejas team. We look forward to the benefits of his leadership skills as we continue the process of enhancing our Investment Banking group and growing our revenues.”
Company Information
Tejas Securities Group, Inc., a Texas corporation (“Tejas Securities”), is a wholly owned subsidiary and a primary business operating unit of Tejas Incorporated, a publicly traded financial services company. Tejas Securities is a full service brokerage and investment banking firm that focuses on the following: (i) proprietary research on distressed debt and special situation securities, (ii) trading and other brokerage services to value-based institutional and retail investors active in fixed income and equity instruments, and (iii) corporate finance and strategic advisory services to middle-market companies within our target industries. To learn more about Tejas Securities, please visit the Company’s web site at www.tejassec.com
Safe Harbor Statement
This press release may contain forward looking statements. Undue reliance should not be placed on the forward-looking statements, which speak only as of the date of this news release. Important factors that could cause actual results to differ materially from such forward-looking statements are described in the most recent Forms 10-K and 10-Q and other SEC filings of Tejas Incorporated. Neither Tejas Incorporated nor Tejas Securities undertake any obligation to publicly update any forward-looking statements.
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