Increased E-Waste Awareness Opens New Opportunities for GTSO
SAN JOSE, Calif. -- March 8, 2013
As the rewards associated with e-waste recycling become better known, new
urban mining opportunities are popping up everywhere, says Green Technology
Solutions (OTCBB: GTSO) CEO Paul Watson.
“A few years ago, most people were completely unaware of the toxic chemicals
and valuable minerals inside their favorite electronics,” Watson said. “Most
of those gadgets ended up in the trash at the end of their lifecycle and were
carted off to landfills both in the U.S. and overseas. Today, that’s changing
As the metals used to produce popular electronics such as Apple (NASDAQ: AAPL)
iPads and iPhones, flat-screen TVs, PC circuit boards and more become
increasingly scarce and valuable, a number of trends have arisen in response
to the escalating value of discarded components. In addition to cash-for-trash
services like Gazelle.com, consumers now have access to recycling drop-off
centers at big-box retailers such as Best Buy.
A new trend on the horizon that GTSO plans to explore is the advent of
automated recycling vendors, which dispense cash for unwanted cell phones and
other electronics. Each of these emerging business trends presents urban
mining companies like GTSO with new and potentially lucrative partnering
“More and more companies are beginning to collect recyclable electronics, but
actual recycling capacity in the U.S. and abroad has not grown,” Watson said.
“That’s where GTSO comes in. We’re working to find innovative, profitable
solutions to the global buildup of e-waste.”
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).
Late last year, GTSO acquired the companyGreen Urban Miningto handleits
domestic 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,
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Green Technology Solutions, Inc.
Paul Watson, 408-432-7285
President and CEO
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