Released on = December 1, 2005, 6:49 am

Press Release Author = Tejas Securities

Industry = Financial

Press Release Summary = AUSTIN, Texas, Tejas Securities Group, Inc. released a
research report today on iBasis, Inc. (IBAS: OTC BB).

Press Release Body = Tejas Securities Group, Inc., a Texas Corporation (\"Tejas
Securities\"), is a wholly owned subsidiary and a primary business operating unit of
Tejas Incorporated (TEJS: OTC BB), a publicly traded holding company. Tejas
Securities is a full service brokerage and investment banking firm that focuses on
the following: (i) proprietary research on distressed debt, special situation
securities and emerging growth equities (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 the Company\'s web site at www.tejassec.com.

For further information, contact Theresa Williamson of Tejas Securities Group, Inc.
at (512) 306-8222. Tejas Securities Group, Inc. is a member of the NASD/SIPC, CRD
number 36705.


Web Site = http://www.tejassec.com

Contact Details = Craig Biddle
512-306-8222
tejas@digitalbrandexpressions.com
2700 Via Fortuna,
Suite 400
Austin
78746