Electronics Recycling Produces Jobs, Opens Revenue Streams
SAN JOSE, Calif.--(BUSINESS WIRE)-- According to a report funded by the Environmental Protection Agency, the electronic waste in landfills could produce roughly 50,000 new jobs, both directly and indirectly, and almost $800 million in new payroll for Americans next year. Green Technology Solutions, Inc. (OTCBB: GTSO), an environmentally conscious company with an ongoing interest in delivering "green friendly" solutions to a global market, believes the findings in these reports along with pending legislative action could lead to big potential gains for the company.
"We are exporting jobs. These jobs are revenue streams," GTSO CEO Paul Watson said. "This is almost a billion dollar salary market with thousands of jobs waiting for U.S. employees, and major earnings for emerging companies in this sector."
DSM Environmental Services performed a study for the Coalition for American Electronics Recycling (CAER) to estimate the number of jobs associated with e-waste recycling in the United States. Citing the EPA report, DSM found that 1.2 billion pounds of electronics were recycled in 2011, and 4.8 billion pounds of e-waste were generated that year.
"This is a new market and we're in front of it," Watson said. "This opportunity has never been there before because we've never had such an influx in electronic waste."
Urban mining is pivotal to GTSO's vision to compete alongside major international corporations striving for sustainable waste solutions, such as Covanta Holding Corporation (NYS: CVA) , 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 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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