GTSO Expects Purchase Agreement to Capitalize on iPhone E-waste Boom

GTSO Expects Purchase Agreement to Capitalize on iPhone E-waste Boom

SAN JOSE, Calif.--(BUSINESS WIRE)-- As the mining subsidiary of Green Technology Solutions (OTCBB: GTSO), GTSO Resources, closes in on a purchase agreement with Global Cell Buyers, it appears as though the deal couldn't come at a better time. The impending release of Apple's (NAS: AAPL) iPhone 5 is set to unleash an onslaught of mineral-rich e-waste into the marketplace.

How many iPhone 5s is Apple expected to sell? JP Morgan recently predicted that the electronics giant would move enough new units to add half a percent to the U.S. GDP. That means consumers will be replacing a lot of smartphones with this hot new model—millions of them. What's more, the iPhone 5 does away with Apple's classic 30-pin connector, meaning that millions of electronic cables, attachments and accessories are now obsolete as well.

GTSO has plans to help turn this trash into cash.

"The EPA reports that in 2010, 2.44 million tons of electronics were discarded in the U.S. alone," said GTSO CEO Paul Watson. "That's an incredible windfall of lithium, gold, neodymium, rare earths and other valuable materials headed for the dump. Soon, we plan to send it to the bank, instead."

Earlier this month, GTSO Resources signed a letter of intent to acquire Global Cell Buyers, an emerging U.S.-based e-waste recycling company, a move that could potentially allow GTSO to optimize recovery of pricey minerals from unwanted cell phones. The GTSO Resources is in talks with a leading e-waste recycler in Latin America, as well.

"We're in the final stages of negotiation and plan to announce a completed agreement very soon," Watson said.

For more information on these initiatives, please visit www.GTSOResources.com/investors.html.

Urban mining is a major pillar of GTSO's plans to compete alongside major international corporations striving for sustainable manufacturing solutions, such as Sprint Nextel Corp. (NYS: S) and Toyota Motor Corporation (NYS: TM) . The company is also exploring traditional mining opportunities in the U.S. and Africa through its joint venture with Diamond V Associates.

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 our 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.

Green Technology Solutions, Inc.
Paul Watson, 408-432-7285
President and CEO
info@gtsoresources.com

KEYWORDS: United States North America California

INDUSTRY KEYWORDS:

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