GTSO: Major Expansion and Rebranding Ahead for Global Cell Buyers
SAN JOSE, Calif. -- November 07, 2012
As demand for valuable manufacturing metals such as gold, palladium and rare
earths continue to rise, Green Technology Solutions, Inc. (OTCBB: GTSO) has
big plans for its latest acquisition, Global Cell Buyers (GCB).
Only a week after the e-waste recycler was purchased by GTSO’s mining
subsidiary, GTSO Resources, the company announced the start of a new
initiative today to rebrand GCB and greatly expand its services.
“While cell phones remain the most profitable electronic waste stream, the
name ‘Global Cell Buyer’ is far too limited to apply to today’s rapidly
growing urban mining marketplace,” said CEO Paul Watson. “The obsolescence
rate of tablets, laptops, MP3 players and other electronic devices are rapidly
approaching that of smartphones, which are replaced after an average of 18
months. Global Cell Buyers must be equipped to handle all of these streams in
addition to phones.”
As the popularity of high-tech gadgets and computers booms in developing
markets such as India and China, global demand for scarce elements like gold
and tungsten has exploded beyond what traditional mining efforts can supply.
The solution to the world’s ever-increasing appetite for minerals lies in
recycling electronic devices that are unused and unwanted, in conjunction with
traditional mining methods.
Urban mining is a major pillar of GTSO’s plans to compete alongside major
international corporations striving for green business solutions, such as ABB
Limited (NYSE: ABB), Waste Management (NYSE: WM), and Toyota Motor Corporation
(NYSE:TM). The company is also exploring traditional mining opportunities in
the U.S. and Africa through its joint venture withDiamond V Associates.
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
anyone’s past success, either financial or strategic, is no guarantee of
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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