Calgary, Alberta – (February 14, 2013) – West Mountain Capital Corporation ("West Mountain", TSX-V: WMT) is extremely pleased to announce today that it has been selected as one of the 2013 TSX Venture 50. The Venture 50 highlights the leading 10 companies represented in the 5 major sectors of the TSX Venture Exchange. West Mountain was chosen from a field of over 2,200 listings and placed 6th in the Clean Technology sector. Including Clean Technology, the Venture 50 encompasses well performing listings in Mining, Oil and Gas, Diversified Industries and Technology and Life Sciences. Selections for the Venture 50 are based on a ranking formula whereby equal weighting is allotted to the following measures: share price appreciation, trading volume and analyst coverage. All data was as of December 31, 2012.
"We are exceptionally pleased to have been recognized as a member of this leading group of Canadian companies and congratulate our fellow listings on their successes in 2012. At West Mountain we have been aggressively expanding our services in the remediation field in China and through our partnerships now operate in three locations – Hangzhou, Zhoushan and Changqing," comments Paul Antle, CEO.
About Phase Separation Solutions
PS2 is an established Canadian environmental solutions company specializing in the thermal treatment of a variety of hazardous and non-hazardous waste streams. It employs a unique indirectly heated, closed loop technology that allows it to extract even the most hazardous contaminants from soil, industrial sludge, pharmaceutical waste and consumer waste streams 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. PS2’s management team maintains expertise in hazardous waste management, Brownfield remediation and pharmaceutical waste management with experience spanning North America and 15 countries internationally.
This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information or statements. The forward-looking statements and information are based on certain key expectations and assumptions made by West Mountain, including expectations and assumptions concerning the plan to remove and treat such material. Although West Mountain believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward looking statements and information because West Mountain can give no assurance that they will prove to be correct. 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. These include, but are not limited to, the risks associated with the removal and treatment of PCB contaminated materials in general, the uncertainty of estimates and projections relating to the value of the contract, health, safety and environmental risks, transportation costs, environmental risks, failure to realize the anticipated benefits of the contract, failure to obtain required regulatory and other approvals, and changes in legislation, including but not limited to environmental regulations. Readers are cautioned that the foregoing list of factors is not exhaustive. 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.
For Inquiries Contact:
Mr. Paul Antle, President and CEO
Tel: 709 726 0336
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts the responsibility for the adequacy or accuracy of this release.