GTSO Target Chilerecicla Lines up Global Chain of E-Waste Suppliers
SAN JOSE, Calif. -- April 26, 2013
As Green Technology Solutions, Inc. (OTCBB: GTSO) continues negotiations
toward a definitive agreement with Chilerecicla, the Chilean recycler is
structuring a chain of Latin American e-waste suppliers ready to export
valuable minerals to overseas smelters.
So far, Chilerecicla has signed an initial agreement with one of Bolivia’s
largest e-waste operators and is in negotiations with others in Ecuador,
Argentina and elsewhere. By securing favorable purchase prices from these
e-waste suppliers and selling the recycled materials directly to smelters
overseas, Chilerecicla plans to increase its profitability significantly.
“This new business model has Chilerecicla on the verge of becoming a big
international player in the urban mining sector,” said GTSO CEO Paul Watson.
“We’re working diligently to hammer out a potential partnership agreement that
would allow our company to help fund and develop Chilerecicla’s expansion in
exchange for the contacts and best practices we need to set up a similar
operation in the U.S.”
As its relationship with Chilerecicla progresses, GTSO hopes to apply that
company’s expertise in isolating e-waste before it reaches the landfill to its
recycling efforts in North America, where new legislation promises to turn
piles of electronic trash into cash.
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
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meaning of Section 27A of the Securities Act of 1933, as amended, and Section
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Green Technology Solutions, Inc.
Paul Watson, 408-432-7285
President and CEO
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