TEJAS SECURITIES GROUP, INC. INITIATES RESEARCH COVERAGE ON ENERGY CONVERSION DEVICES INC.

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TEJAS SECURITIES GROUP, INC. INITIATES RESEARCH COVERAGE ON ENERGY CONVERSION DEVICES INC.
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August 31, 2005 (Press Release) -- AUSTIN, TX, Aug. 2, 2005 - Tejas Securities Group, Inc. released a research report today on Energy Conversion Devices Inc. (NASDAQ: ENER).

Tejas Securities Group, Inc., a Texas corporation ("Tejas Securities"), is a wholly owned subsidiary and a primary business operating unit of Tejas Incorporated (TEJS: OTC BB), 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. For further information, contact Theresa Williamson of Tejas Securities Group, Inc. at (512) 306-8222. Tejas Securities Group, Inc. is a member of the NASD/SIPC, CRD number 36705.


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