Texas Energy Group Austin Texas (TEG) Announces NEW Partnership and IRA Investment Opportunity

PRLog (Press Release) - Nov. 19, 2008 - Waylan Johnson, President and Owner of Texas Energy Group, LLC www.TexasEnergyGroup.com: “I am proud to announce that Texas Energy Group, LLC has partnered with Equity Trust Company of Elyria, Ohio.  This new partnership allows our investors to take advantage of an oil & gas industry investment using their self-directed IRA.”
   
Texas Energy Group, LLC (TEG) recently announced that Equity Trust Company (ETC) of Elyria, Ohio has approved them as an authorized Oil & Gas Investment Company. This new partnership allows investors to take advantage of an oil & gas industry investment using their self-directed IRA. All of TEG’s investment opportunities that relate to Direct Working Interests in oil & gas exploration and development have been approved for such IRA funding.

ETC is considered a leader in self-directed IRA and small business retirement plans. Through this new business partnership, TEG Clients and Partners can now use their self-directed IRA as a means for investing.  This is a rare and unique opportunity afforded to IRA Investors and TEG has all the right to be excited about their new business partnership.  TEG is one of few oil & gas investment companies that have been approved for such investment strategy. Mr. Johnson reacted to this new endeavor by saying; “We are extremely excited about our new Partnership with ETC as it opens a new door for our partners and provides them with another means for oil & gas investing as well as an avenue for controlling their future profits.”

For further information on how to use your IRA in a Texas Energy Group Oil & Gas Investment, please visit www.TexasEnergyGroup.com/using_your_ira or contact the TEG Investor Relations Department at (877) 893-6749.

TEG in no way receives commissions or incentives from ETC. This partnership solely functions to provide investors with the opportunity of IRA investing and another means for controlling their future profits.

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In particular when used in the preceding discussion, the words "believes", "expects", "intends", "will", "anticipated" or "may" and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Except for historical information, all of the statements expectations and assumptions contained in the foregoing are forward-looking statements that involve a number of risks and uncertainties including, without limitation, risks associated with operations, availability of capital on a reasonable term, the effects of government regulations and operations risks, and the risk factors set forth from time to time in the Company's SEC reports, included but not limited to its annual report on Form 10-KSB; its quarterly reports on Forms 10-QSB, and any reports on Form 8-K. It is possible that the assumptions made by management are not necessarily the most likely and may not materialize. Waylan Johnson President Texas Energy Group takes no obligation to update or correct forward-looking statements, and also takes no obligation to update or correct information prepared by third parties that are not paid for by the Company. The forward-looking statements contained herein reflect the Company's judgment as of the date of this release, and the Company cautions readers not to place undue reliance on these statements. Information herein is not intended to be any form of solicitation. Information found on this page is neither an offer to buy or sell securities or other investments.

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Texas Energy Group (TEG) is an Austin, TX based Oil & Gas Exploration and Investment Company specializing in multi-well, low risk developmental drilling projects. For Oil & Gas Investment information go to www.TexasEnergyGroup.com or call (877) 893-6749.

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