Tejas Incorporated Announces Filing of Form 15 to Deregister Its Common Stock
AUSTIN, Texas, May 30 /PRNewswire-FirstCall/ -- Tejas Incorporated (BULLETIN BOARD: TEJS) announced today that it has filed a Form 15 with the Securities and Exchange Commission (the "SEC") to terminate the registration of its common stock under the Securities Exchange Act of 1934, as amended (the "Exchange Act").
With the filing of the Form 15, Tejas's obligations to file certain reports with the SEC, including Forms 10-K, 10-Q, and 8-K, have ceased. Tejas anticipates that the termination of the registration of its common stock under the Exchange Act will become effective on August 28, 2008. Tejas expects that its common stock will no longer be traded on the OTC Bulletin Board. Tejas anticipates that its common stock may be traded on the Pink Sheets, but Tejas can give no assurances that its common stock will in fact be traded on the Pink Sheets or, if so traded, whether an active trading market will develop for its common stock. Company Information
Tejas Incorporated (BULLETIN BOARD: TEJS) is a financial services holding company whose primary operating subsidiary is Tejas Securities Group, Inc. ("Tejas Securities"). Tejas Securities is a full service brokerage and investment banking firm that focuses on the following: (i) proprietary analysis on distressed debt, emerging growth equities 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 their web site at http://www.tejassec.com/. Safe Harbor Statement This press release contains forward-looking statements within the meaning of federal securities laws. Actual results are subject to risks and uncertainties, including both those specific to the Company and those specific to the industry, which could cause results to differ materially from those contemplated. The risks and uncertainties include, but are not limited to, general economic conditions, actions of competitors, changes in legislation, and technology changes. Undue reliance should not be placed on the forward-looking statements, which speak only as of the date of this press release. The Company does not undertake any obligation to publicly update any forward-looking statements. Contact: Craig Biddle
CONTACT: Craig Biddle of Tejas Incorporated, +1-512-306-5281, Web site: http://www.tejassec.com/
2008-05-30 17:17:56 0374059 PRNEWSWIRE
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