Municipal Recycling Collection Could Prove Key to GTSO’s Success
SAN JOSE, Calif. -- March 22, 2013
Green Technology Solutions (OTCBB: GTSO) announced today that the company has
completed its on-site due diligence into large-scale municipal collection of
e-waste as it makes plans to work with local governments to recycle the
valuable metals inside cell phones, computers, flat screens and more.
Beginning last year, GTSO CEO Paul Watson visited municipal e-waste recycling
centers in Houston, Texas, to interview operations supervisors and volunteers
and gain expertise about city recycling collection and processing. The
company’s current joint venture target, Chilean recycler Chilerecicla, has
found success by collecting e-waste from a range of municipalities,
corporations, and other entities and they are looking to expand this process
throughout Latin America.
Through the planned partnership now under discussion, GTSO is exploring ways
to fund the expansion of Chilerecicla’s Latin American e-waste business while
transferring that company’s best practices to recycling efforts in the U.S.
“In order to achieve our ambitious goals, it’s been necessary to familiarize
ourselves with municipal waste and recycling collection methodology,” Watson
said. “Now we understand the collection and bidding process for e-waste in one
of the nation’s largest cities, and we think Houston may be the perfect place
to get started.”
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 companyGlobal Cell Buyers and soon after
rebranded the company asGreen 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,
uncertainties and other factors that may cause the actual results, performance
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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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