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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT
GSAT 63.77-4.4%Dec 23 3:59 PM EST

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To: djane who wrote (4817)5/21/1999 10:22:00 AM
From: djane  Read Replies (1) of 29987
 
Tejas Securities Group Issues a Fixed Income and Equity Report on Iridium World Communications, Ltd.

PR Newswire - May 19, 1999 17:25

AUSTIN, Texas, May 19 /PRNewswire/ -- The following is being issued by Tejas Securities Group,
Inc., a member of the National Association of Securities Dealers, CRD number 36705:

On Wednesday, May 19, 1999, Tejas Securities Group, Inc. issued a research report on Iridium
World Communications, Ltd. (Nasdaq: IRID) authored by analyst Blake W. Carter. In the report,
Carter initiated coverage of Iridium with a SELL recommendation on both the Iridium bonds and
common stock.

Tejas Securities Group, Inc. was founded in 1995 and offers research and trading services for
accounts interested in high-yield debt, distressed debt and special equity situations. A research report
can be obtained by calling (800) 846-6803 and speaking with a Tejas account representative.

Contact: Heidy Gil of Tejas Securities Group, Inc., 800-846-6803.

SOURCE Tejas Securities Group, Inc.

/CONTACT: Heidy Gil of Tejas Securities Group, Inc., 800-846-6803/

/Web site: tejassec.com
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