Walmart Inc V.WMT

Primary Symbol: WMT Alternate Symbol(s): N.WMT

Consumer Defensive Grocery Stores

Walmart Inc. is a technology-powered omnichannel retailer. The Company is engaged in the operation of retail and wholesale stores and clubs, as well as e-commerce websites and mobile applications, located throughout the United States, Africa, Canada, Central America, Chile, China, India and Mexico. It operates through three segments: Walmart U.S., Walmart International and Sam's Club. The Walmart U.S. segment includes the Company's mass merchant concept in the United States, as well as e-commerce, which includes omni-channel initiatives and certain other business offerings such as advertising services through Walmart Connect. It operates under the Walmart and Walmart Neighborhood Market brands. The Walmart International segment consists of the Company's operations outside of the United States, as well as e-commerce and omni-channel initiatives. The Sam's Club segment includes the warehouse membership clubs in the United States, as well as e-commerce and omni-channel initiatives.

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Walmart Inc

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Post by FredT1on Aug 03, 2010 1:13pm

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Post# 17317539

The news we've been waiting for

Press release from Marketwire

West Mountain Capital's Subsidiary Executes Agreement in China for Oily Sludge Market

Tuesday, August 03, 2010

CALGARY, ALBERTA--(Marketwire - Aug. 3, 2010) - Phase Separation Solutions Inc. ("PS2"), a Saskatchewan-based clean technology subsidiary of West Mountain Capital Corp. (TSX VENTURE:WMT), is pleased to announce the execution of a Strategic Joint Venture Agreement with Zhoushan Nahai Solid Waste Central Disposal Co. Ltd. ("Nahai") of Zhoushan, Zhejiang Province, China.

Under the terms of the Strategic Joint Venture Agreement, PS2 and Nahai will become equal equity partners in a Sino-foreign joint venture company to be established in September 2010. The joint venture will design, engineer, construct and operate an oily sludge waste treatment facility to be located in Zhoushan, Zhejiang Province to receive, process and recover oil from oily sludge waste generated from oil storage operations and oil tanker cleaning activities in that region. The Zhoushan region consistently generates approximately 180,000 tonnes per year of oily sludge waste. The PS2/Nahai facility is expected to be operational in early 2011.

The joint venture provides that PS2 and Nahai will:

--  establish a facility capable of processing 10,000 tonnes/year of oily    sludge in Zhoushan with the capacity to expand to 100,000 tonnes/year; --  explore opportunities of applying the oily sludge treatment technology    to other parts of China; --  further define and develop other technologies to complement the oily    sludge treatment process; --  provide solutions and consulting services with respect to oil recovery    issues; and --  share technical and market information concerning the waste management    industry throughout China.

"This is truly a very exciting day for PS2. The Chinese have been interested in acquiring our expertise for over a year given their recent investments in clean technology. We are extremely pleased that a company with the stature and reputation of Nahai as a leader in the waste management sector has chosen us as their partner," said Paul Antle, president and CEO. "Nahai is highly respected throughout China and have a great base of assets located in Zhoushan, extensive industry knowledge and obvious government support."

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