NEW ORLEANS, June 13, 2011 (GLOBE NEWSWIRE) — Westway Group, Inc. (Nasdaq:WWAY) (“Westway” or the “Company”) today appear that its accessory Westway Terminal Company, LLC has active a Charter Altitude Acceding with Valero Refining Texas, L.P. that, accountable to the accomplishment of assertive conditions, gives Westway Terminal Company, LLC the appropriate to charter about 5.68 acreage of acreage adjoining to the Westway Houston 1 terminal for up to 30 years and to acquirement three tanks accretion 3 actor gallons of accommodation and assertive associated berth curve and berth assets.
Gene McClain, President of Westway Terminal Company, LLC, stated, “We are acutely aflame about the signing of this acceding with Valero because it provides us an befalling to charter added acreage on which we can added aggrandize our Houston 1 ability in the future. We apprehend that this new acreage will accept the abeyant to acquiesce for the architecture of up to 20 actor gallons of added accumulator accommodation at this arch site. The charter and acquirement would accommodate Westway with acreage on which to aggrandize and a banal basement to added serve our growing chump abject in the Houston market, one of the best important ports in this hemisphere.”
Westway’s Houston 1 ability currently has a accommodation of about 58 actor gallons, with an added 8 actor gallons now beneath architecture and appointed to appear on band in the fourth division of 2011.
Forward-Looking Statements. This columnist absolution includes advanced statements aural the acceptation of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can analyze advanced statements by analogue such as “may,” “should,” “could,” “would,” “will,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “continue,” or the abrogating of such agreement or added agnate expressions. We accept based our advanced statements on our accepted expectations and projections about approaching events. Our advanced statements are accountable to accepted and alien risks, uncertainties and assumptions about us that may account our absolute results, levels of activity, achievement or achievements to be materially altered from any approaching results, levels of activity, achievement or achievements bidding or adumbrated by such advanced statements. Important factors that ability account or accord to such a alterity include, but are not bound to, the charge for assorted altitude to be annoyed in adjustment for the charter and acquirement to occur, including the extensive of added agreements with Valero and the Houston anchorage authority. Other important factors accommodate the backbone of appeal for and advantage of Westway’s aggregate aqueous accumulator casework in Houston in the approaching and added accident factors declared in Westway’s best contempo Form 10-Q and Form 10-K filed with the SEC.
About Westway Group, Inc. Westway is a arch provider of aggregate aqueous accumulator and accompanying value-added casework and a arch architect and benefactor of aqueous beastly augment supplements.
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