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New Orleans Gains New Publicly Traded Company

Not since 2007  had a New Orleans-based company initiated a publicly traded stock offering.  That all changed on May 28 when Westway Group, Inc. began over the counter trading.  Its ticker symbol is WWAY.  It is seeking listing on the NASDAQ within the next few months.  Led by CEO, Peter Harding, the firm operates two business divisions-one for the storage of bulk liquids and the other for the manufacture and sale of animal feed supplements.  Westway has facilities in North America, Europe and Asia.  The corporate strategy includes both organic growth and further acquisitions.  Westway has 50 employees in its One Canal Place corporate office and 385 worldwide.