News Article | May 25, 2017
CANNES, FRANCE / ACCESSWIRE / May 25, 2017 / Independent film studios Crimson Forest Entertainment Group, Inc. (OTC PINK: CRIM) and Hannover House, Inc. (OTC PINK: HHSE) will wrap-up their collective buying activities at the Cannes Film Festival today, in what C.E.O. Eric Parkinson has described as a "brisk and enthusiastic market" response from producers, sellers and international buyers. The recently merged companies have entered into ten significant agreements at the market, including co-production and co-financing agreements for four current or upcoming productions, and the licensing of North American distribution rights to six completed feature films. "We have been presented with so many quality, commercial films that it has been exciting and at times, overwhelming," said C.E.O, Eric Parkinson. "Our task has been to carefully select the films that best fit our business goals and release schedule needs for late 2017 and early 2018, while we await completion of the slate of original productions being funded by our China financing and distribution affiliates, our private financiers, co-production partners and the various incentive programs. We have met our initial goal of acquiring a wide-release theatrical title for Q4 of this year," he continued. "Some of our releases will fill our need for mid-level theatrical titles that complete our release slate, and can be marketed to Netflix and North American home video retailers, as well as to China and other international territories for which we have acquired rights" Parkinson concluded. One of the mid-level productions is the science-fiction suspense thriller, "The Final Minute" from writer-director Rick Walker ("The Fun Park," "Sooner Magic"). Crimson and Hannover will co-produce the film, which is scheduled to commence principal photography in and around Fayetteville, Arkansas on July 25. Worldwide distribution rights will be held by Crimson-Hannover, as well as a significant equity and copyright position. The company is also finalizing terms on a two-picture venture with U.K. Based Silver Lining Productions, which will include a mid-level theatrical title, and a big-budgeted fantasy-adventure, planned for wide USA theatrical release. Due to talent considerations regarding public press announcements, details of these two projects with Silver Lining will be disclosed separately. Regarding the acquisitions of completed features, two of the six titles acquired at Cannes are expected to be the "official" entries for their country-of-origin in this year's Oscar race for Best Foreign Language Film. Two others are Mandarin-language features, and a final two titles are English-language, USA productions. In respect of the creative and commercial stature of these titles, Crimson Forest and Hannover House have agreed with the producers or licensors to announce the titles and distribution specifics with separate, post-market press releases. "We are thrilled with the positive response from the international community to our merger and to our plans to become one of the top independent suppliers in the North American market," said Fred Shefte, President. "As the world market for film distribution and consumption evolves, we are pleased to be on the cutting edge of programming needs and opportunities for the coming years." Although operating under a combined management and operational structure since May 1, the formal stock-for-stock swap agreement for Hannover House shareholders to receive newly rebranded shares of Crimson Forest is still awaiting regulatory approval, which is anticipated promptly following Crimson's restoration of current reporting status with the U.S. Securities and Exchange Commission. Crimson Forest was established four years ago as a fully registered public company, but fell behind on quarterly and annual reporting obligations when managerial attention was diverted to the completion and delivery of the company's first feature production, "Pali Road," a $4.2-million feature fully financed with presales of $3.3-million from China and $900,000 in long-term, convertible notes. Principal managers of Hannover House have assumed day-to-day operations of Crimson Forest, with Eric Parkinson assuming duties as C.E.O., Fred Shefte as President and Tom Sims as V.P. Sales. Crimson Forest founder Jonathan Lim is Chairman of the Board, but will focus primarily on new feature productions and direction, including directorial duties in the upcoming "Kung Fu Cowboys," a $7-million action feature that is slated for U.S. production this August. Two major stars (one American and one Irish) will be announced soon for "Kung Fu Cowboy" in addition to three top Asian movie stars and martial artists. Hannover House has been operating continuously since 1993, and has been active in video and feature film distribution since 2002. The company's film library now consists of over 400 titles. With distribution offices located in N.W. Arkansas, near the world headquarters of mega-retailer Walmart Stores, Inc., Hannover House has enjoyed a high placement ratio for new release DVDs and Blu-Rays at the chain over the years. Walmart Stores currently hold an impressive 61% of the USA market-share for retail sales of DVDs and BluRays from independent studios. Other key home video accounts for Hannover House include Target Stores, Best Buy, Redbox, Netflix, Family Video and Kroger Group. Hannover House has also licensed films for television to HBO, Starz, Showtime, and USA Networks / SyFy Channel. Theatrical exhibition chains in North America that have supported current or recent Hannover House theatrical titles include AMC Theatres, Carmike, Cinemark, Cineplex Odeon, Harkins, Malco, Marcus, and Regal Entertainment Group. Crimson Forest has a production office in West Hollywood, California, and a primary financing office in Shanghai, China.
News Article | May 23, 2017
Walmart is the first retailer to sign up for approved science-based targets around emissions reductions, said Kathleen McLaughlin, senior vice president and chief sustainability officer for Walmart Stores. "We are committing to reducing emissions by 18 percent by 2025 in our operations," she said, a level of rigor that "has pushed us to be more creative." Walmart's sustainability goals are as varied as its product offerings. The company is also working towards a zero-waste supply chain by 2025 in both upstream and downstream operations. Furthermore, it's reducing the deforestation imprint of commodities, such as palm oil, beef, soy and paper production. "We're committing to improve the safety and healthfulness of our products," she said, with Walmart taking out 95 percent of chemicals of concern across its carried and in-house brands. Accountability and traceability extend to factories across the world, as worker safety and dignity is also a top focus for the brand. The retailer cannot do it alone and is working with nonprofits such as the Nature Conservancy, the EDF and WWF to set and meet its ambitions: "They bring expertise that is complementary to our experience — but we're not scientists, so we value that collaboration."
News Article | April 17, 2017
The Women In Trucking (WIT) Association’s annual “Salute to Women Behind the Wheel” recently honored 169 female professional drivers at its 8th annual celebration at the Mid-America Trucking Show in Louisville, Kentucky. These women, with nearly 2,700 collective years of driving, were honored for their service as pioneers in the trucking industry. Six women were recognized for driving careers spanning forty years or more! The room at the Kentucky Exposition Center was brimming with these female CDL holders in their red WIT shirts and the nearly 200 friends and family members cheering them on. Daphne Jefferson, Deputy Administrator of the Federal Motor Carrier Safety Administration addressed the group and thanked them for their role as pioneers. She talked about her ride-along with two female drivers and what she learned from the view of a tractor-trailer window. Ann Dyer, Senior Director, Regional Transportation for Walmart Stores, Inc. gave the keynote address and told about traveling with her mother, a professional driver, when she was a young girl, and the challenges faced by female drivers in the past. Dyer also introduced Carol Nixon, a WIT member of the month, who recently donated a kidney to a fellow driver’s husband. WIT’s President and CEO Ellen Voie welcomed the group and reviewed the recent accomplishments of the nonprofit organization, including the Girl Scout Transportation Patch, ride-alongs with regulators and elected officials, the WIT app, WIT index, truck stop rating directory, and the group’s work on truck cab design and ergonomics. Other recognition programs include the Distinguished Woman in Logistics, the Influential Woman in Trucking and the recently expanded WIT Image Team. Voie promised to fulfill her dream of providing a female truck driver doll in the near future. A highlight of the event was the announcement by Jim Stevenson, Director of National Accounts for Arrow Truck Sales, who handed Voie the keys to a late model Volvo tractor Arrow is donating to a lucky WIT member who will win the tractor at next year’s Salute to Women Behind the Wheel. The celebration included music by Jayne Denham, an award winning singer and song writer from Australia. The crowd enjoyed dark and milk chocolate fountains and a huge truck-shaped cake. The female drivers won door prizes including a $500 gift card, and five $100 gift cards. The Women In Trucking Scholarship foundation gave away numerous prizes as well while raising nearly $2,000 in donations from the attendees. The event included the annual group photo of the women in their WIT red t-shirts and ended with the distribution of goodie bags filled with items from the event sponsors. Walmart Transportation won the driver participation award for having twenty-one of their female professional drivers present at the event. Next year’s Salute to Women Behind the Wheel will be held March 24th. All female professional drivers are welcome to participate and need not be members of the association. This year’s sponsors of the event were: Gold: Walmart Transportation and Arrow Truck Sales Silver: Bennett International Group, CFI, Inc., J.B. Hunt Transport, Shell Rotella Bronze: Dart Transit Co., Landstar, Lily Transportation Corp., Ryder System, Inc., and TA-Petro Copper: Acuity, Averitt Express, J. J. Keller & Associates, Inc., R & R Trucking, Inc., Republic Services Nickel: EROAD, Inc. Heniff Transportation Systems, Rand McNally, Rollin’ B, Stay Metrics, Truckstop.com Women In Trucking Association, Inc. is a nonprofit association established to encourage the employment of women in the trucking industry, promote their accomplishments and minimize obstacles faced by women working in the trucking industry. Membership is not limited to women, as 17 percent of its members are men who support the mission. Women In Trucking is supported by its members and the generosity of Gold Level Partners: Arrow Truck Sales, Bendix Commercial Vehicle Systems, Daimler Trucks North America, BMO Transportation Finance, Expediter Services, Great Dane, J.B. Hunt Transport, Ryder System, Inc., U.S. Xpress, and Walmart. Follow WIT on Twitter, Facebook, or LinkedIn. For more information, visit http://www.womenintrucking.org or call 888-464-9482.
News Article | December 27, 2016
Clients Can Get Started With Their Latest Paystub and May Walk Out With Money JERSEY CITY, NJ--(Marketwired - Dec 27, 2016) - Starting today, Jackson Hewitt Tax Service® opens early in 3,000 Walmart Stores across the country. Clients can get started on their taxes with their latest paystub and other income verification documents. Clients can also see if they qualify to receive an up to $1,300 Express Refund Advance: a no fee, 0% APR loan offered by Metabank®. Approved clients may receive $200 on a Walmart eGift card the same day they complete their return with Jackson Hewitt. These clients will then receive any remaining loan balance when they provide their W2 and file their return. Loans are repaid when clients receive their tax refunds. This loan is more important this year as the IRS recently warned taxpayers claiming the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit (ACTC) may not receive their refunds until the week of Feb. 27, 2017. The PATH (Protecting Americans from Tax Hikes) Act gives the IRS more time to review returns with those credits. "We're happy to continue our decade-long partnership with Walmart and to help hardworking Americans," said David Prokupek, CEO of Jackson Hewitt. "Both of our brands are committed to giving our customers more for their money." If you are interested in finding a Jackson Hewitt location inside Walmart stores, visit www.JacksonHewitt.com/OfficeLocator or call 1 (800) 234-1040. The Express Refund Advance is a tax-related refund loan provided by MetaBank (it is not the actual tax refund). Available for a limited time and at participating locations. The amount of the advance will be deducted from tax refunds and reduce the amount that is paid directly to the taxpayer. Tax returns may be filed electronically without applying for this loan. Availability is subject to satisfaction of identity verification, eligibility criteria, application, approval, underwriting standards, and other terms and conditions. Only $200-$400 available with a paystub (or other acceptable pre-year-end income verification), and remaining amounts available with W-2 and upon filing tax return with the IRS. IRS delays may affect the delivery timing of loan proceeds. Disbursement rules apply. Funds loaded onto card within an hour and direct deposit next business day. Ask Tax Pro for details. Available at participating locations only. About Jackson Hewitt Tax Service Inc. Jackson Hewitt Tax Service Inc. is an innovator in the tax industry, with a mission of offering its hard-working clients access to simple, low-cost solutions to manage their taxes and tax refunds. Jackson Hewitt is devoted to helping clients get ahead with Maximum Refund and 100% Accuracy Guarantees. With approximately 6,000 franchised and company-owned locations, including 3,000 in Walmart stores and online and mobile tax solutions Jackson Hewitt makes it convenient for clients to file their taxes. For more information about products, services and offers, or to locate a Jackson Hewitt office, visit www.JacksonHewitt.com or call 1 (800) 234-1040. About Meta Financial Group Meta Financial Group, Inc. (MFG) is the holding company for MetaBank®, a federally chartered savings bank. MFG shares are traded on the NASDAQ Global Select Market® under the symbol CASH. Headquartered in Sioux Falls, SD, MetaBank operates in both the Banking and Payments industries through: MetaBank, its traditional retail banking operation; Meta Payment Systems, its electronic payments division; AFS/IBEX, its insurance premium financing division; and Refund Advantage, its tax refund-transfer software division.
News Article | February 15, 2017
ARLINGTON, Virginia, Feb. 15, 2017 /PRNewswire/ -- Today, Conservation International (CI) launched a new, multimillion-dollar fellowship initiative that joins world leaders with some of the most innovative minds in conservation. Named after its founders, CI Board members Dr. Yvonne L.K. Lui and Melani and Rob Walton, the 2017 Lui-Walton Innovators Fellowship program recognizes 15 Fellows from 11 countries with diverse backgrounds -- from world leaders to first-in-class scientists and conservationists -- all dedicated to saving nature and building a healthier, more productive planet. Each Fellowship provides a full-time salaried position and travel for up to two years. Fellows will have access to resources, professional development and direct participation in CI programs. They will also have the chance to work with CI and its partners to tackle critical conservation challenges in priority areas around the world. The program will fund five classes of Fellows for at least 10 years -- supporting approximately 75 "dream team" fellows in all. The inaugural Fellows class includes Distinguished Fellows Christiana Figueres, former executive secretary of the U.N. Framework Convention on Climate Change; Olafur Ragnar Grimsson, former president of Iceland and chairman of the Arctic Circle; and Anote Tong, former president of Kiribati and head of Pacific Rising, an organization dedicated to helping the people of the low-lying Pacific island adapt and thrive in the face of rising sea levels caused by climate change. These world leaders bring expertise in policymaking, climate negotiating and addressing issues such as sea-level rise. "Thirty years ago, CI was founded with a commitment to bring new ideas to the world of international conservation," said CI Chairman and CEO Peter Seligmann. "The Lui-Walton Innovators Fellowship honors that tradition by linking rising stars in science and technology with seasoned leaders from government and civil society. We are grateful to the leadership of Dr. Yvonne Lui and Melani and Rob Walton for establishing this visionary program." "The environmental challenges that we face in our home countries require both local and global, sustainable solutions," said Lui, founder of the Yvonne L.K. Lui Foundation. "I'm inspired by and proud to support this exceptional group of international Fellows in their efforts to safeguard the future of our planet and look forward to seeing the impact of the Lui-Walton Fellowship in China, and throughout the world." "I am very impressed with the depth of leadership and fresh thinking represented in this diverse and talented inaugural class of Fellows," said Rob Walton, chairman of the board (retired) for Walmart Stores and CI Board member. "I believe unleashing human ingenuity is key to protecting our natural resources and helping create sustainable solutions for our future. Our Fellows initiative is off to a great start, and I'm grateful to be a part of it." Named to the inaugural class of fellows are: About Conservation International Conservation International (CI) uses an innovative blend of science, policy and partnerships to protect the nature people rely on for food, fresh water and livelihoods. Founded in 1987, CI works in more than 30 countries on six continents to ensure a healthy, prosperous planet that supports us all. Learn more about CI and follow our work on Facebook, Twitter and Instagram.
News Article | February 22, 2017
Amazon can now consider Walmart to be a strong competitor as the latter makes steady inroads in the e-commerce segment. Walmart in its fourth fiscal quarter saw a rise in online sales by 29 percent as it drew more customers. It looks like Walmart's strategy to lower prices and enhance its web services have worked in its favor as it gives serious competition to U.S.'s largest online retailer Amazon Inc. Amazon already has a loyal base of customers which grew stronger with the introduction of its two-day delivery Prime program. Walmart since 2016 has been trying to improve its online sales operation to race ahead of Amazon. According to Euromonitor, a research firm, Amazon garnered 33 percent of total U.S. online sales last year. Walmart captured the second place in 2016 and moved ahead of eBay by accounting 7.8 percent of online sales, which is 0.4 percent higher than 2015. However, even after this growth, online sales of Walmart account for only 3 percent or $14 billion of the retailers total global sales. Amazon, on the other hand, accounts for whooping $94 million net global sales garnered through online retail. "We're moving with speed to become more of a digital enterprise and better serve customers," said Doug McMillon president and CEO of Walmart Stores Inc. Various reasons can be factored in for the growth in Walmart's online sales. The U.S. retailer has remodeled its pricing strategies along with its online shopping programs to attract more traffic to its e-commerce site. Walmart Inc. has been on a roll as it has been acquiring numerous small businesses having a good online presence under it. In 2016, Walmart went on to buy e-commerce startup Jet.com for more than $3 billion in an attempt to attract younger and affluent customers. The company has also purchased online footwear retailer ShoeBuy.com for S70 million and Moosejaw, which is an outdoor and gear retailer, for $51 million subsequently. Although these companies were acquired by Walmart, they continue to work as independent e-commerce websites as of now. In addition to acquiring new businesses, Walmart also raised its stake in popular Chinese e-commerce website JD.com. To directly compete with Amazon Prime, Walmart also started its two-day delivery service this January. The offer is available on online orders of the retailer's most popular products with a minimum purchase order of $35. Walmart officials said on Feb. 21 that they are getting positive response from consumers on the two-day delivery service. With such strategies being put in place, it seems Walmart is eyeing overtaking Amazon as the biggest retailer in the U.S. in the near future. © 2017 Tech Times, All rights reserved. Do not reproduce without permission.
News Article | October 27, 2016
News Article | November 24, 2016
Walmart intentionally failed to pay hundreds of truck drivers in California the minimum wage, a federal jury decided on Wednesday, awarding the drivers $54m in damages and opening up the retail giant to penalties. The seven jurors returned the verdict in a lawsuit accusing the company of not properly paying drivers in accordance with California law for activities that included inspecting and washing their trucks and for layovers. Civil penalties will be determined by a judge. The company argued that the drivers were paid for activities that include those tasks and that they were not working during layovers. A lawyer for Walmart did not immediately return calls seeking comment on the verdict. Attorneys for the more than 800 drivers who worked for Walmart between October 2005 and October 2015 were seeking $72m in damages, the bulk of it for layovers. They said during the trial that additional damages and penalties could push the total amount Walmart owed to more than $150m. Arkansas-based Walmart Stores Inc, the nation’s largest private employer, has faced other criticism over its pay and treatment of US employees. The company announced last year that it was giving a raise to about a half-million US workers. The raises were part of a $1bn investment that the retailer said was also intended to give workers more opportunities to advance and more consistent schedules. Walmart drivers are not paid by the hour. Wages are based on mileage and specified activities. The drivers’ attorneys pointed to a ruling in their favor from US district judge Susan Illston, who said last year that Walmart would be in violation of California law if it enforced its driver pay manuals because they say no pay is earned for certain tasks. “There’s nothing in any of those three manuals that covered 10 years of time that show the drivers were paid for any of these tasks that are on your verdict form,” attorney Butch Wagner said during closing arguments. Drivers were also not paid minimum wage for layovers even though Walmart controlled their time by requiring them to stay with their trucks, the plaintiffs’ attorneys said. The company argued that it paid drivers for activities that included other, smaller tasks and could not have a separate payment designation for everything they did, some of which took just minutes. Walmart attorney Scott Edelman likened what the plaintiffs were asking for to a baker who charges a flat fee for a cake, not the individual tasks of buying the eggs, putting the cake in the oven or cleaning the dishes after. “When you pay a baker $20 to bake a cake, what are you paying that baker to do?” Walmart attorney Scott Edelman said during his closing argument. “Is it just to put the cake in the oven for however long? Because that’s essentially what the plaintiffs are arguing.” Walmart pays drivers $42 for 10-hour overnight layovers as an extra benefit, but it does not control their time during that period, Edelman said. Drivers are free to go to the movies, exercise or do other activities, he said. The company has said its drivers are among the best-paid in the industry, with some making more than $100,000 a year.
News Article | November 1, 2016
MISSISSAUGA, Ontario, Nov. 01, 2016 (GLOBE NEWSWIRE) -- DataWind Inc. (TSX:DW), the leader in delivering Internet access to emerging markets, has partnered with Telefonica to provide the lowest-cost mobile Internet access in Guatemala, marking DataWind’s expansion into Latin America and their continued provision of the world’s lowest cost access to the internet. A photo accompanying this release is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/0c0d77fe-39f1-4f7a-92d3-923d0a58fc57 In partnership with Telefonica and G53’s distribution channel, DataWind has launched the Ubislate 3G7 tablet nationwide in Guatemala. This tablet comes bundled with one year of web browsing through UbiSurfer, DataWind’s patented browser. Telefonica Guatemala, a subsidiary of Spain Telefonica, is a wireless telecom service provider and one of the largest telecommunications companies in the world. Telefonica is one of the major network operators in Guatemala, offering 4G/ 3G throughout most major cities and 2G coverage in rural areas of the country. In Guatemala, 12 million people or 74% of the total population of 16.3 million are without Internet access. DataWind's Internet Delivery Platform represents a monumental step forward in low-cost Internet connectivity, offering an unparalleled solution to bring the Internet to the unconnected. Using their patented, cloud-based technology, DataWind's solution reduces bandwidth consumption by factors of over 10 to 30 times, resulting in the world’s most affordable, broadband-like Internet experience on any data network -- even on 2G networks that remain prevalent in developing countries. The Ubislate 3G7 Dual SIM tablet comes with 4GB of built-in storage that's expandable via microSD card up to 32GB. It also supports Wi-Fi, Bluetooth, and Micro-USB connectivity options. The tablet also comes with 1.2 GHz Dual Core Processor and supports 3G connectivity. In partnership with Telefonica Guatemala, DataWind will be offering one-year of unlimited Internet browsing bundled with its low-cost tablet computers and smartphones. This offering will deliver the benefits of DataWind’s breakthrough technology to the Android smartphone customers at a never before seen affordable price in Guatemala. Their products will be available in Walmart, one of the largest retail chain stores in Guatemala. "These new partnerships and our entry into Latin America represent a new milestone for DataWind following our success in India," commented DataWind CEO, Suneet Singh Tuli. “Partnering with Telefonica to deliver Internet access demonstrates our continued ability to gain the support of major network operators which will allow for future sales in Guatemala as well as help lay the groundwork for our long term expansion plans throughout other regions of Latin America." Forward-Looking Information This press release includes certain forward-looking statements that are based upon current expectations, which involve risks and uncertainties associated with our business and the environment in which the business operates. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking statements, including those identified by the expressions “anticipate”, “believe”, “plan”, “estimate”, “expect”, “intend” and similar expressions to the extent they relate to the company or its management. The forward- looking statements are not historical facts, but reflect management’s current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. The company does not undertake or accept any obligation to release publicly any updates or revisions to any forward-looking statements to reflect any change in the company’s expectations, except as prescribed by applicable securities laws. No securities regulatory authority has either approved or disapproved the contents of this press release/media advisory. About Telefonica Guatemala Telefónica, S.A. is a Spanish multinational broadband and telecommunications provider with operations in Europe, Asia, and North, Central and South America. Operating globally, it is one of the largest telephone operators and mobile network providers in the world. About Walmart Walmart Stores, Inc. doing business as Walmart is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores and grocery stores. Walmart has 11,562 stores and clubs in 28 countries, under a total of 63 banners. About DataWind DataWind, Inc. is a leader in providing affordable mobile Internet connectivity in emerging markets. The company's patented, cloud-based technology reduces up to 97% the amount of data needed for web browsing, providing a broadband experience on any network -- even on legacy 2G networks that are still prevalent in developing countries. DataWind also provides economical smartphones and tablets that come bundled with one year of unlimited Internet access, making it the largest tablet provider in India. DataWind's unique solution offers broad social and economic benefits for the billions of people around the world for whom an Internet connection was previously out of reach. DataWind is traded on the Toronto Stock Exchange (TSX:DW). For more information, visit www.datawind.com.
News Article | October 20, 2016
BEIJING, Oct. 20, 2016 (GLOBE NEWSWIRE) -- Three months after entering into a strategic alliance to expand the breadth and convenience of online shopping options for Chinese consumers, Walmart (NYSE:WMT), the world’s largest retailer, and JD.com (Nasdaq:JD), China's largest e-commerce company by revenue, today announced a series of exciting new ways for customers to access high-quality products from around the world. Photos accompanying this announcement are available at The efforts, which are part of the original strategic alliance announced in June, are officially launching during the run up to Singles Day on November 11. They will improve logistics and supply chain functions, cross-border e-commerce and online-to-offline (O2O) e-commerce services for consumers across the country. As part of the growing alliance, Walmart and JD.com are launching three new joint initiatives: “Walmart and JD.com share a vision of providing consumers the best products, quality and service, at highly competitive prices,” said JD.com CEO Richard Liu. “The three areas of cooperation that we are launching exemplify the rapid pace with which our strategic alliance with Walmart is progressing. Combining the strengths of Walmart, as the world’s largest retailer, and JD’s unparalleled same-day delivery network and reputation for authentic products is a potent force for providing Chinese consumers the best shopping experience.” Walmart CEO Doug McMillon added, “Today's news is the culmination of months of hard work and collaboration with the JD team. Our new services will leverage our combined strengths to give Chinese consumers access to quality products from around the world.” The series of initiatives will greatly expand the number of products available to Chinese consumers, as well as the number of consumers who have access to some of the products already in the Chinese market. Walmart and JD will continue to explore additional areas of collaboration to provide superior products at fair prices to hundreds of millions of Chinese consumers, with same- and next-day delivery speeds. JD.com, Inc. is China’s leading online direct sales company and the country’s largest Internet company by revenue. The company strives to offer consumers the best online shopping experience. Through its content-rich and user-friendly website jd.com and mobile applications, JD.com offers a wide selection of authentic products at competitive prices and delivers products in a speedy and reliable manner. The company believes it has the largest fulfillment infrastructure of any e-commerce company in China. As of June 30, 2016, JD.com operated 7 fulfillment centers and 234 warehouses, and in total of 6,756 delivery stations and pickup stations in 2,639 counties and districts across China, staffed by its own employees. JD.com is a member of the NASDAQ100 and a Fortune Global 500 company. Walmart Stores, Inc. (NYSE:WMT) helps people around the world save money and live better – anytime and anywhere – in retail stores, online, and through their mobile devices. Each week, nearly 260 million customers and members visit our 11,539 stores under 63 banners in 28 countries and e-commerce websites in 11 countries. With fiscal year 2016 revenue of $482 billion, Walmart employs more than 2.3 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity. Additional information about Walmart can be found by visiting http://corporate.walmart.com on Facebook at http://facebook.com/walmart and on Twitter at http://twitter.com/walmart. Online merchandise sales are available at http://www.walmart.com and http://www.samsclub.com. This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as the companies' strategic and operational plans, contain forward-looking statements. The companies may also make written or oral forward-looking statements in their respective periodic reports to the U.S. Securities and Exchange Commission (the "SEC"), in their annual report to shareholders, in press releases and other written materials and in oral statements made by their officers, directors or employees to third parties. Statements that are not historical facts, including statements about the companies' beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, which are often beyond the companies' control. Further information regarding these and other risks is included in the companies’ filings with the SEC. All information provided in this press release is as of the date of this press release, and the companies undertake no obligation to update any forward-looking statement, except as required under applicable law. The photo is also available via AP PhotoExpress.