NEWS

August 17, 2010

Michael Ashby joins Westlake Securities as Vice President – Institutional Sales

AUSTIN, TX – August 17, 2010 – Westlake Securities is pleased to announce that Michael Ashby has joined the firm effective August 2, 2010 and will serve in the role of Vice President – Institutional Sales in the Firm’s Capital Markets Group.

“Mike is a highly qualified professional with strong experience in fixed income sales and trading.  He will be a valuable addition to the Westlake team,” stated Michael McAllister, Managing Director of Westlake Securities.

Michael Ashby has over 10 years of experience in Institutional Sales and Trading with a special emphasis in high-yield securities. Prior to joining Westlake Securities, Mr. Ashby was Vice President at APS Financial and he began his financial career at Tejas Securities.  Mr. Ashby holds an MBA with a concentration in Finance from St. Edwards University. Mr. Ashby received his BS in Geological Sciences from the University of Texas at Austin.

About Westlake Securities:

Westlake Securities is a privately-held corporation that provides investment banking, capital markets and financial advisory services both privately held and publicly traded companies and to institutional investors. Headquartered in Austin, Texas, with offices in Houston, Dallas and Lafayette, Louisiana, Westlake provides M&A advisory services, private placements of debt and equity, Institutional sales and trading and financial advisory services to clients throughout the U.S.