AUSTIN, Texas, April 2, 2012 /PRNewswire/ -- Tejas Securities
Group, Inc. ("Tejas"), a wholly owned subsidiary of Westech Capital
Corp. (OTCPK: WTEC), today announced the addition of Peter Wooldridge as Head of the Corporate Bond
Division. Mr. Wooldridge brings a 15+ year career as a leading
market maker in the fixed income markets to Tejas. Most recently,
Peter was Head of Retail Taxable Fixed Income Trading at Southwest
Securities. Prior to that, he spent 10 years as a Corporate Bond
Trader for D.A. Davidson. Wooldridge
brings an experienced team with him including Robert Montero, who was named Senior Vice
President and Trader, as well as Yvette
Espinoza-Engh, John Shelburne
and David Dix, all named Vice
Presidents.
Jim Fellus, CEO of Westech
Capital Corp. commented, "We were looking for an experienced
trading and sales team to help expand our retail growth, as well as
marry our existing institutional fixed income platform with retail
and dealer relationships. We believe this is a strategic fit
which will help us to add value to our current and future Tejas
customers."
Greg Woodby, CEO of Tejas added,
"With our current analytical platform, it seemed a natural fit to
look at expanding those efforts beyond our normal institutional
business, as we garner market share within today's more
sophisticated retail environment. As we continually strive for
competitive advantages with our idea generation, this is just one
more avenue we can use to provide the customer service investors
demand and deserve."
Company Information
Tejas Securities Group, Inc. is a full service, independent
Broker-Dealer founded in 1994 with offices in Austin, TX, New York
City, N.Y., Dallas, TX and
Los Angeles, CA. The Company is a
wholly owned subsidiary of Westech Capital Corp. (OTCPK:WTEC),
which is a financial services holding company. Tejas offers
brokerage and investment banking services to a wide range of
clients. The Company's core services include (i) analysis of
distressed and high yield corporate debt, equities, high yield
municipal bonds, mortgage-backed securities 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 the
Company's target industries. To learn more about Tejas Securities
Group, Inc., please visit its 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. There are many important factors beyond the
control of the Company's management that could cause actual results
to differ materially from such forward-looking statements. The
Company does not undertake any obligation to publicly update any
forward-looking statements.
SOURCE Tejas Securities Group, Inc.