11/7/2007
Tejas Securities Group, Inc. Releases a Research Report and Valuation Update on Calpine Corporation.
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9/24/2007
Tejas Securities Group, Inc. Releases an Initial Coverage Research Report on NextWave Wireless Inc.
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9/12/2007
Tejas Securities Group, Inc. Releases an Initial Coverage Research Report on Arbinet-thexchange, Inc.
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SEC Rule 11Ac1-5/Rule 605 - Report on Quality of Execution for Covered Orders

SEC Rule 11Ac 1-6/Rule 606 - Report on Routing of Customer Orders

Payment for Order Flow
Tejas may receive remuneration, compensation or other consideration for the placing of orders with other broker-dealers, exchanges and market centers for execution. The nature and source of such remuneration may vary and will be disclosed to you upon request. Although this is an accepted practice, Tejas is always strongly committed to achieving the best execution for our clients. Tejas reviews the quality of execution at all of its venues.
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