TEJAS SECURITIES GROUP, INC. RELEASES A 2Q05 RESEARCH REPORT ON IBASIS, INC.

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) August 31, 2005 -- AUSTIN, TX, Aug. 1, 2005 - Tejas Securities Group, Inc. released a research report today on iBasis, Inc. (IBAS: OTC BB).

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. (TEJS: OTC BB). 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.