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 (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 (NAS: 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.
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 where 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 (NAS: IDSA) and Sims Metal Management Ltd. (NYS: 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.
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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.
Green Technology Solutions, Inc.
Paul Watson, 408-432-7285
President and CEO
KEYWORDS: United States North America California
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