Green Technology Solutions (OTCBB: GTSO) announced today that the company has completed its on-site due diligence into large-scale municipal collection of e-waste as it makes plans to work with local governments to recycle the valuable metals inside cell phones, computers, flat screens and more.
Beginning last year, GTSO CEO Paul Watson visited municipal e-waste recycling centers in Houston, Texas, to interview operations supervisors and volunteers and gain expertise about city recycling collection and processing. The company’s current joint venture target, Chilean recycler Chilerecicla, has found success by collecting e-waste from a range of municipalities, corporations, and other entities and they are looking to expand this process throughout Latin America.
Through the planned partnership now under discussion, GTSO is exploring ways to fund the expansion of Chilerecicla’s Latin American e-waste business while transferring that company’s best practices to recycling efforts in the U.S.
“In order to achieve our ambitious goals, it’s been necessary to familiarize ourselves with municipal waste and recycling collection methodology,” Watson said. “Now we understand the collection and bidding process for e-waste in one of the nation’s largest cities, and we think Houston may be the perfect place to get started.”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 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 www.GTSOresources.com/investors.html. Follow us on Twitter at www.twitter.com/gtsoresources. 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 expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone’s past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.
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