GTSO Negotiates Potentially Lucrative International E-Waste Transaction
SAN JOSE, Calif. -- August 20, 2013
Green Technology Solutions, Inc. (OTCBB: GTSO), an environmentally conscious
company with an ongoing interest in delivering “green friendly” solutions to a
global market, is negotiating a potentially lucrative spot transaction with
joint venture partner Chilerecicla to export a large quantity of e-waste to
one of the largest smelters in the world.
According to the terms of the spot transaction, GTSO joint venture partner
Chilerecicla will collect several metric tons of e-waste from suppliers based
in Bolivia and Chile, and then ship materials to a smelter overseas. The
buyers consist of the world’s largest smelter, who has meticulously screened
Chilerecicla to become one of its suppliers. The smelter has noted that its
capacity to purchase e-waste from Chilerecicla exceeds our partner’s current
e-waste forecast for the near and present future.
Return on investment for GTSO and Chilerecicla on this transaction will be
approximately 40 percent.
“The potential of this transaction is very exciting, both financially and in
the fact we will have inroads to quality smelters in key international
regions,” GTSO CEO Paul Watson said. “This also is a perfect example of the
benefit of having a joint venture agreement with Chilerecicla.”
Urban mining is pivotal to GTSO’s vision 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 company Global Cell Buyers and
soon after rebranded the company as Green Urban Mining to handle its domestic
recycling and resale operations.
About Green 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 at
Notice Regarding Forward-Looking Statements
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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for events occurring after the date hereof.
Green Technology Solutions, Inc.
Paul Watson, 408-432-7285
President and CEO
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