Tejas
Incorporated Announces Completion of Capital & Technology Advisors,
Inc. Acquisition
Released on
= July 6, 2005, 10:33 pm
Press Release
Author = Tejas Securities
Industry = Financial
Press Release
Summary = Tejas Incorporated Announces Completion of Capital &
Technology Advisors, Inc. Acquisition
Press Release
Body = AUSTIN, TX, Jul. 5, 2005 - Tejas Incorporated (OTC BB:TEJS)
announced today that it has completed the acquisition of Capital
& Technology Advisors, Inc. (“C&TA Inc.”), a
consulting firm which provides a full range of operational and financial
restructuring services to clients primarily in the telecommunications
and technology sectors.
C&TA Inc.
becomes the second wholly owned subsidiary of Tejas Incorporated,
joining Tejas Securities Group, Inc. as a primary business operating
unit. C&TA Inc. will continue to operate under the C&TA
Inc. brand and maintain a primary office in
Reston, Virginia. Jared E. Abbruzzese, Sr. has been appointed Vice
Chairman of Tejas Incorporated and Wayne Barr, Jr. will assume the
President and Chief Executive Officer responsibilities at C&TA
Inc.
John Gorman,
Chairman of the Board of Tejas Incorporated, commented, “We
are happy to close this transaction and continue the process of
growing our franchise to create shareholder value. This acquisition
will enable us to further expand our
capabilities, diversify our sources of revenue, and provide additional
services to our growing client base.”
Mr. Abbruzzese,
Chairman of C&TA Inc., added, “This business combination
is a perfect fit for C&TA Inc., providing us with a solid platform
which will enable us
to compete more effectively in the marketplace. We look forward
to taking advantage of our combined strengths.”
Tejas Incorporated
Tejas Incorporated is a financial services holding company whose
primary operating subsidiaries include Tejas Securities Group, Inc.,
("Tejas Securities") and Capital & Technology Advisors,
Inc. (“C&TA Inc.”). 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. C&TA Inc. is a consulting firm
that provides operational and financial restructuring and related
advice to clients primarily in the telecomunications and technology
sectors. To learn more about Tejas Securities or C&TA Inc.,
please visit the Company’s web sites at www.tejassec.com or
www.ctadvisors.net.
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 Company’s
most recent Forms 10-K and 10-Q, and the Company’s other SEC
filings. The Company does not undertake any obligation to publicly
update any forward-looking statements.
Web Site = http://www.tejassec.com
Contact Details
= Craig Biddle
512-306-8222
tejas@digitalbrandexpressions.com
2700 Via Fortuna,
Suite 400
Austin
78746
www.tejassec.com
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