GTSO: E-Waste Numbers Point to Cities as the Mines of the Future
SAN JOSE, Calif. -- May 10, 2013
The unprecedented explosion in electronic waste is turning landfills all over
the globe into potential gold mines. Green Technology Solutions, Inc. (OTCBB:
GTSO) is working to deliver the processing technologies and best practices
necessary to turn that trash into treasure.
According to the International Environmental Technology Center of the United
Nations Environment Program (UNEP), e-waste is the fastest growing segment of
the global waste stream—particularly in developing nations, where the volume
is expected to grow by up to 500 percent in the coming years. The organization
estimates that e-waste is increasing in volume by 40 percent per year
worldwide, with 80 percent of it still going into landfills and incinerators.
At the same time, the production of consumer goods has reached such a pace
that the world is rapidly running out of basic materials. Already, some rare
materials like indium (used for LCD screens), tantalum (used in cellphones and
microchips) and antimony (used in drugs) are nearing exhaustion, and the
supply left may not last more than a generation.
GTSO views e-waste recycling as key to supplying future needs, turning waste
bins into the mines of the future. The company is investing time and money in
e-waste supplies and infrastructure today so that we’ll be able to capture a
major share of the marketplace tomorrow.
Latin America is GTSO’s primary region of focus, currently. Five countries in
Latin America now have laws or rules mandating the recycling of e-waste:
Columbia, Costa Rica, Peru, Brazil and Mexico.
Urban mining in Latin America 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 Mining to
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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