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| [March 08, 2013] |
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Increased E-Waste Awareness Opens New Opportunities for GTSO
SAN JOSE, Calif. --(Business Wire)--
As the rewards associated with e-waste recycling become better known,
new urban mining opportunities are popping up everywhere, says Green
Technology Solutions (News - Alert) (OTCBB: GTSO) CEO Paul Watson.
"A few years ago, most people were completely unaware of the toxic
chemicals and valuable minerals inside their favorite electronics,"
Watson said. "Most of those gadgets ended up in the trash at the end of
their lifecycle and were carted off to landfills both in the U.S. and
overseas. Today, that's changing fast."
As the metals used to produce popular electronics such as Apple (News - Alert) (NASDAQ:
AAPL) iPads and iPhones, flat-screen TVs, PC circuit boards and more
become increasingly scarce and valuable, a number of trends have arisen
in response to the escalating value of discarded components. In addition
to cash-for-trash services like Gazelle.com, consumers now have access
to recycling drop-off centers at big-box retailers such as Best Buy (News - Alert).
A new trend on the horizon that GTSO plans to explore is the advent of
automated recycling vendors, which dispense cash for unwanted cell
phones and other electronics. Each of these emerging business trends
presents urban mining companies like GTSO with new and potentially
lucrative partnering opportunities.
"More and more companies are beginning to collect recyclable
electronics, but actual recycling capacity in the U.S. and abroad has
not grown," Watson said. "That's whre GTSO comes in. We're working to
find innovative, profitable solutions to the global buildup of e-waste."
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 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 (News - Alert) 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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