Legislation Re-Introduced This Week Could Boost GTSO’s Bottom Line
SAN JOSE, Calif. -- July 25, 2013
New federal legislation introduced this week to promote domestic e-waste
recycling could help Green Technology Solutions (OTCBB: GTSO) take the next
step in its ambitious expansion efforts into the billion-dollar urban mining
On Wednesday, the Responsible Electronics Recycling Act (RERA) was introduced
to Congress by U.S. Rep. Gene Green and Rep. Mike Thompson with bipartisan
support. The bill would prohibit the export of some electronics whose improper
disposal may create environmental, health and national security risks, helping
domestic recyclers to compete with overseas facilities with few, if any,
environmental and labor standards.
RERA could prove to be a gold mine for recyclers like GTSO, and the company is
working to develop new solutions to turn that trash into treasure. Current
recycling processes waste too many dollars and resources to be profitable. New
technology promises to change that, which is why GTSO is pursuing new
innovations geared towards efficient collection and separation of these
The plan could soon prove to be highly lucrative. According to the EPA, every
one million cell phones recycled, 75 pounds of gold, 772 pounds of silver, 33
pounds of palladium and more than 35,000 pounds of copper can be recovered.
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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Green Technology Solutions, Inc.
Paul Watson, 408-432-7285
President and CEO
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