GTSO Takes Aim at Chilean Recycler
SAN JOSE, Calif. -- January 23, 2013
After a comprehensive search process, Green Technology Solutions, Inc. (OTCBB:
GTSO) announced today that the Company is now conducting due diligence toward
a possible agreement with a Latin American e-waste recycler fitting each of
its expansion criteria.
Based in Chile, the recycler specializes in the direct removal of electronic
waste from clients’ facilities. From handheld mobile devices to aerospace
instrumentation, the company is capable of safe disposal of hazardous e-waste
The company was one of several in the region shortlisted by GTSO for potential
partnership. With initial agreements now signed and the requested corporate
information received, GTSO plans to forge ahead with talks regarding a
“This company is growing very quickly,” said GTSO CEO Paul Watson. “It’s very
well positioned in the market and has good access to public funds focused on
innovation. Having an international partner with experience in an emerging
market such as Chile could really open up exciting new opportunities for us
across the region.”
Chile has been a major focus of GTSO’s efforts to expand its urban mining
footprint due to its high rate of industrialization, sustainable mining
operations, affordable labor and local business connections with the company’s
consultants at CCI Capital SpA.
Urban mining is a major pillar of the Company’s plans to compete alongside
major international corporations striving for sustainable manufacturing
solutions, such as Sprint Nextel Corp. (NYSE:S) and Toyota Motor Corporation
(NYSE:TM). Late last year, GTSO acquired the company Green Urban Miningto
handlethe company’s recycling and resale operations.
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 the 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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