We are a holding company whose primary operating subsidiary is Tejas Securities Group, Inc., a Texas corporation. We were incorporated in New York on July 18, 1990, and made an initial public offering in November 1991. We were acquired by Tejas Securities in a reverse merger effected on August 27, 1999. On October 3, 2000, we changed our state of incorporation to Delaware. Our primary office is located in Austin, Texas.
We are a financial services holding company that focuses on the following:
• proprietary research on distressed debt and special situation securities;
• trading and other brokerage services to value-based institutional and retail investors active in fixed income and equity instruments; and
• corporate finance and strategic advisory services to middle-market companies within our target industries.
