GTSO: E-Waste Numbers Point to Cities as the Mines of the Future
SAN JOSE, Calif.--(BUSINESS WIRE)-- The unprecedented explosion in electronic waste is turning landfills all over the globe into potential gold mines. Green Technology Solutions, Inc. (OTCBB: GTSO) is working to deliver the processing technologies and best practices necessary to turn that trash into treasure.
According to the International Environmental Technology Center of the United Nations Environment Program (UNEP), e-waste is the fastest growing segment of the global waste stream—particularly in developing nations, where the volume is expected to grow by up to 500 percent in the coming years. The organization estimates that e-waste is increasing in volume by 40 percent per year worldwide, with 80 percent of it still going into landfills and incinerators.
At the same time, the production of consumer goods has reached such a pace that the world is rapidly running out of basic materials. Already, some rare materials like indium (used for LCD screens), tantalum (used in cellphones and microchips) and antimony (used in drugs) are nearing exhaustion, and the supply left may not last more than a generation.
GTSO views e-waste recycling as key to supplying future needs, turning waste bins into the mines of the future. The company is investing time and money in e-waste supplies and infrastructure today so that we'll be able to capture a major share of the marketplace tomorrow.
Latin America is GTSO's primary region of focus, currently. Five countries in Latin America now have laws or rules mandating the recycling of e-waste: Columbia, Costa Rica, Peru, Brazil and Mexico.
Urban mining in Latin America 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 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.
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.
Green Technology Solutions, Inc.
Paul Watson, 408-432-7285
President and CEO
KEYWORDS: United States North America California
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