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Wal-Mart Files Proxy Statement with SEC

April 19th, 2007
Immediate Release
Contact: Chris Kofinis (202) 486-6422

Today, Wal-Mart filed its proxy statement with the Securities and Exchange Commission (SEC) pursuant to Schedule 14A. The statement, which outlines the multi-million dollar salary and stock options for top executives, including Wal-Mart CEO Lee Scott, also lists the 11 shareholder proposals which will be voted on at Wal-Mart's Annual Shareholder meeting on June 1, 2007.

In terms of scope and breadth, the majority of the 11 shareholder proposals address many of the serious concerns raised by WakeUpWalMart.com in relation to Wal-Mart's business practices, political contributions, lack of affordable health care, pay equity, and executive compensation which can have negative impact on the company.

The following statement is attributable to Chris Kofinis, communications director for WakeUpWalMart.com:

"It's pretty clear that Wal-Mart's reputation problems have become a serious issue of concern for Wal-Mart shareholders as well. Incredibly, from Wal-Mart’s failure to provide affordable health care and decent wages to its workers to the company’s opposition to 100% scanning of port containers, Wal-Mart’s shareholders have raised many of the same concerns we have talked about in our growing grassroots campaign.

Unfortunately, as we can see by Wal-Mart's opposition to nearly every sensible shareholder proposal, Wal-Mart’s current leadership would rather choose to walk down a path that will only add to the company's public image and business woes, than work together to make Wal-Mart a better, more profitable company.

As we have said, repeatedly, we hope Wal-Mart will stop refusing to change and will work with us because, only by working together, can Wal-Mart effectively address its serious public image problems which now pose a serious business problem and risk for its shareholders.”