CALGARY, ALBERTA--(Marketwired - March 28, 2017) - West Mountain Environmental Corp. (the "Company" or "WMT") (TSX VENTURE:WMT) was informed by its Chinese legal counsel on March 27th, 2017 that its motion to remand its contract dispute with Shanghai Hehui Environmental Technology, Co. Ltd. ("Hehui") to arbitration in conformance with the terms of the contract between the parties was denied. The Intermediate Court ruled that as the contract between the parties did not specify an arbitrator, the Intermediate Court would hear the case. As a result of the ruling and based on the recommendation from Chinese legal counsel, WMT will file an objection of jurisdiction to the Intermediate Court on April 5th, 2017 at which time an official hearing for the case will be set.
About West Mountain
West Mountain is an established Canadian environmental solutions company specializing in the thermal treatment of a variety of hazardous and non-hazardous waste streams. Through its subsidiaries it employs a unique indirectly heated, closed loop technology that allows it to extract even the most hazardous contaminants from soil and industrial sludge converting much of it into reusable oil and synthetic natural gas that it uses to sustain the process. This methodology offers significant opportunity for greenhouse gas reduction over traditional hazardous waste destruction technologies. The Company's management team maintains expertise in hazardous waste management and contaminated site remediation with experience spanning North America and 15 countries internationally.
Certain statements contained herein constitute forward-looking statements or forward-looking information within the meaning of applicable securities laws. These statements relate to future events or the Company's future performance. All statements other than statements of historical fact may be forward-looking statements or information. Forward-looking statements or information is often, but not always, identified by the use of words such as "anticipate", "expect", "may", "will", "potential", "intend", "could", "might", "should", "believe" and similar expressions. The Company believes the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included herein should not be unduly relied upon. In particular, this news release contains forward-looking statements pertaining to the legal proceeding commenced against the Company by Shanghai Hehui Environmental Technology, Co. Ltd.. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. The forward-looking statements and information contained in this news release are made as of the date hereof and West Mountain undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
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