GTSO: iPad Mini Launch to Result in Tablet Recycling Boom
SAN JOSE, Calif. -- October 25, 2012
Apple (NASDAQ: AAPL) won’t be the only company profiting from the launch of
its new iPad Mini tablet. Green Technology Solutions, Inc. (OTCBB: GTSO) and
other e-waste recyclers are preparing for a massive boom in tablet recycling
as consumers sell their older iPads to subsidize the new one.
Anthony Scarsella, chief gadget officer of e-cycling industry leader Gazelle,
told Computerworld on Monday that tablet trade-in volume doubled in a single
day when rumors of the iPad Mini entering production began to swirl in
mid-September. Trade-in quote requests increased 320% over the previous week
after Tuesday’s Apple event was announced on October 16th.
Those requests aren’t limited to old iPads, either—consumers are trading in
tablets made by Google (NASDAQ: GOOG) and Amazon (NASDAQ: AMZN), too.
Recyclers like Gazelle are paying consumers big bucks for their unwanted
tablets because of the fast-rising value of metals. Precious elements such as
gold, lithium, and neodymium which are used in production of the gadgets
command a hefty sum.
“We’ve seen this same situation before, in the smartphone market,” said GTSO
CEO Paul Watson. “Consumers are happy to sell their old iPhones in order to
help pay for the newest model. On average, consumers replace their phones
every 18 months. We could be entering a period in which the same can be said
for tablet computers.”
That could mean big business for e-waste recyclers like GTSO. Last month, the
company’s mining subsidiary, GTSO Resources, signed a letter of intent to
acquire Global Cell Buyers, an emerging U.S.-based e-waste recycling company,
in a move that could allow GTSO to optimize recovery of pricey minerals from
smartphones, tablets and other electronics.
The two companies are currently finalizing a purchase agreement.
E-cycling, also known as urban mining, is a major pillar of GTSO’s plans to
compete in the increasingly lucrative global minerals sector. For more
information on these initiatives, please
AboutGreen Technology Solutions, Inc.
Green Technology Solutions, Inc. [www.gtsoresources.com] is a growth-oriented
company exploring rare earth minerals and precious metals production around
the world. To learn more, please visit our website
Follow us on Twitter atwww.twitter.com/gtsoresources.
Notice Regarding Forward-Looking Statements
Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995: This news release contains forward-looking information within the
meaning of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended, including statements
that include the words “believes,” “expects,” “anticipate” or similar
expressions. Such forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results, performance
or achievements of the company to differ materially from those expressed or
implied by such forward-looking statements. In addition, description of
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future success. This news release speaks as of the date first set forth above
and the company assumes no responsibility to update the information included
herein for events occurring after the date hereof.
Green Technology Solutions, Inc.
Paul Watson, 408-432-7285
President and CEO
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