GTSO and Chilerecicla Plan Expansion into Booming South American E-Waste
SAN JOSE, Calif. -- April 3, 2013
As Green Technology Solutions, Inc. (OTCBB: GTSO) and Chilean recycler
Chilerecicla move forward with due diligence toward a potential partnership,
discussions have turned to synergistic opportunities in the expansion of
e-waste collection operations outside of Chile.
Efforts to replicate Chilerecicla’s success in neighboring Latin American
nations would be an ambitious project for both companies. The potential
partnership would allow GTSO to help fund the expansion of Chilerecicla’s
e-waste recycling business in exchange for hands-on experience establishing
the necessary facilities and processes that could be then be transferred to
operations planned for the U.S.
“As Chilerecicla’s success shows, South America is ripe with market potential
for these kinds of urban mining operations,” said GTSO CEO Paul Watson. “In
order to capture a piece of this emerging market, expansion outside of Chile
is a natural next step for their company. It would also provide a tremendously
valuable opportunity for GTSO to learn all there is to know about setting up
profitable and productive recycling centers and collection services that we
can apply to our plans for the North American market.”
Founded in 2009, Chilerecicla opened the first e-waste recycling plant in
Southern Chile. The company specializes in the direct removal of electronic
waste from clients’ offices facilities for transport to its central plant as
well as the sale of reusable materials.
Last month, GTSO signed a letter of intent with Chilerecicla as a first step
toward expanding its recycling footprint into the booming Latin American
market. 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.
For more information on GTSO’s urban mining initiative, please visit
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
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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
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Green Technology Solutions, Inc.
Paul Watson, 408-432-7285
President and CEO
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