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GTSO Takes Aim at Chilean Recycler
By: Business Wire
Jan. 23, 2013 05:00 AM
After a comprehensive search process, Green Technology Solutions, Inc. (OTCBB: GTSO) announced today that the Company is now conducting due diligence toward a possible agreement with a Latin American e-waste recycler fitting each of its expansion criteria.
Based in Chile, the recycler specializes in the direct removal of electronic waste from clients’ facilities. From handheld mobile devices to aerospace instrumentation, the company is capable of safe disposal of hazardous e-waste for reuse.
The company was one of several in the region shortlisted by GTSO for potential partnership. With initial agreements now signed and the requested corporate information received, GTSO plans to forge ahead with talks regarding a definitive agreement.
“This company is growing very quickly,” said GTSO CEO Paul Watson. “It’s very well positioned in the market and has good access to public funds focused on innovation. Having an international partner with experience in an emerging market such as Chile could really open up exciting new opportunities for us across the region.”
Chile has been a major focus of GTSO’s efforts to expand its urban mining footprint due to its high rate of industrialization, sustainable mining operations, affordable labor and local business connections with the company’s consultants at CCI Capital SpA.
Urban mining is a major pillar of the Company’s plans to compete alongside major international corporations striving for sustainable manufacturing solutions, such as Sprint Nextel Corp. (NYSE: S) and Toyota Motor Corporation (NYSE: TM). Late last year, GTSO acquired the company Green Urban Mining to handle the company’s 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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