GTSO Explores New Solutions to Latin America's E-Waste Crisis
SAN JOSE, Calif.--(BUSINESS WIRE)-- In Latin America's developing nations, old and unwanted cell phones, laptops, printers, fax machines and more are piling up everywhere, quickly packing landfills and poisoning the environment.
Though most corporations and governments see South America's e-waste crisis as a burden, Green Technology Solutions, Inc. (OTCBB: GTSO) views it as an opportunity. Through its mining subsidiary, GTSO Resources, the company is working to bring green, efficient e-waste recycling processes to a region in desperate need of them.
In some Latin American nations, such as Ecuador, there are no national policies whatsoever related to the treatment of e-waste. Discarded computers, batteries and other hazardous waste are being deposited in municipal landfills and mixed with normal trash, posing a serious danger to public health as metals such as lead and mercury seep out. Lack of policy has also made the region a hotbed for legal and illegal dumping of e-waste from developed nations such as the U.S.
That's why GTSO is hard at work developing the right partnerships in nations such as these to install efficient new recycling infrastructure to tackle the e-waste problem.
"Few, if any, e-waste solutions have emerged from the public sector," said GTSO CEO Paul Watson. "We believe that a private-sector solution to the growing crisis could hold significant upside for our company and our shareholders."
GTSO is already conducting on-the-ground due diligence on a number of Chilean firms through its consultants at CCI Capital SpA. GTSO operations consultant Rodrigo Cordova is currently in Chile to further talks with potential local partners for the initiative.
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. (NYS: S) and Toyota Motor Corporation (NYS: 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.
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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 South America California
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