GTSO and Partners Prepare for Bolivian Expansion
SAN JOSE, Calif. -- August 8, 2013
In a major push to collect and resell rare earths-rich e-waste in the booming
Latin American market, Green Technology Solutions, Inc. (OTCBB: GTSO) and its
partner, Chilerecicla, are preparing to expand recycling operations into
One of South America’s top recyclers of e-waste, Chilerecicla operates the
first e-waste recycling plant in Southern Chile and maintains crucial
relationships with overseas smelters, with the right to sell them as many
recovered metals and minerals as GTSO and Chilerecicla can provide. With a
feasibility study on the region now complete, the joint venture has targeted
Bolivia as an ideal territory for growth.
“Our partner has already signed an agreement with one of Bolivia’s largest
e-waste operators and the initial purchases of raw e-waste materials are
expected to begin this week,” said GTSO CEO Paul Watson. “This is a big step
forward in our ambitious plans to apply this successful business model in
growing markets, with the U.S. being our No. 1 target.”
The United States is the world’s largest producer of e-waste, and GTSO expects
to apply expertise gained in Chilerecicla’s Bolivian expansion to make a big
splash in the largely underexploited U.S. e-waste recycling sector. The
Responsible Electronics Recycling Act (RERA) introduced into Congress late
last month could prove to be a gold mine for recyclers like GTSO, with new
technologies making recycling more efficient—and potentially, more
profitable—than ever before.
E-waste recycling is key to GTSO’s plans to compete alongside major
international corporations striving for sustainable waste solutions, such
asIndustrial 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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