GTSO Supports Federal E-Waste Bill That Could Create More Than $1 Billion in
SAN JOSE, Calif. -- February 20, 2013
Green Technology Solutions, Inc. (OTCBB: GTSO) added its voice to a growing
chorus of electronics recyclers this week in support of a federal bill that
could add thousands of jobs to the U.S. economy.
The Responsible Electronics Recycling Act (RERA), set to be reintroduced in
the current session of Congress, bans the export of certain kinds of
unprocessed and non-working electronics and e-waste from the U.S. to
developing nations. The new restrictions imposed by the bi-partisan bill could
create up to 42,000 direct and indirect new recycling jobs in the U.S. with a
total payroll in excess of $1 billion, according to a new study commissioned
by the Coalition for American Electronics Recycling (CAER).
The study also forecast that the number of jobs will further increase as
e-waste volumes rise in the coming years. The EPA estimates that electronic
scrap is growing two to three times faster than any other portion of the waste
“The enormous potential in e-waste regulation for revenue growth and job
creation in the U.S. is why this bill is receiving strong support from both
parties at a time when bi-partisan cooperation is almost unheard of,” said
GTSO CEO Paul Watson. “E-waste recycling is a major growth industry, and we
believe that passage of RERA will prove to be not only a boon for our
business, but for public health, as well.”
GTSO is hard at work preparing to capitalize on the coming boom in domestic
e-waste recycling. Last year, the company acquired cellphone recycler Global
Cell Buyers and continues to focus on expanding its services into other
electronic waste under the name Global Urban Mining (GUM).
GTSO is also close to completing a deal to capture new recycling business in
South America, a growing market for e-waste recycling. The company is
currently performing due diligence on a large-scale recycling operation in
Urban mining is key to GTSO’s plans to compete alongside major international
corporations striving for sustainable waste solutions, such as Industrial
Services of America (NASDAQ: IDSA) and Sims Metal Management Ltd. (NYSE:SMS).
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.
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Green Technology Solutions, Inc.
Paul Watson, 408-432-7285
President and CEO
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