|[November 15, 2012]
GTSO Rebrands Global Cell Buyers as Green Urban Mining
SAN JOSE, Calif. --(Business Wire)--
Green Technology Solutions (News - Alert), Inc. (OTCBB: GTSO) took a big step forward
in expanding the mission of its latest acquisition, Global Cell Buyers,
by rebranding the company as Green Urban Mining.
The e-waste recycling company was purchased by GTSO's mining
subsidiary, GTSO Resources, at the end of last month. By expanding the
company's resale and recycling operations beyond cell phones, GTSO plans
to build Green Urban Mining into a company better suited to meet the
demands of 21st century consumers.
"Cell phones have traditionally been-and continue to be-the backbone of
profitable e-waste recycling streams," said GTSO CEO Paul Watson. "Newer
technologies, including tablets, MP3 players, laptops and other
electronics are rapidly reaching similar rates of obsolescence,
resulting in new potential revenue streams.
"Minerals inside of these devices are too valuable and too toxic to end
up in landfills," Watson said. "The demand for tungsten, gold, palladium
and other metals continues to rise alongside demand for new gadgets, and
urban mining represents a sustainable approach to fill this shortfall in
users can view the company's current estimate prices for cellphones,
tablets, routers, projectors, cables and periphrals.
Urban mining is a major pillar of GTSO's plans to compete alongside
major international corporations striving for green business solutions,
such as ABB Limited (NYSE: ABB), Waste Management (NYSE: WM), and Toyota
Motor Corporation (NYSE: TM). The company is also exploring traditional
mining opportunities in the U.S. and Africa through its joint venture
For more information on these initiatives, please visit www.GTSOResources.com/investors.html.
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 (News - Alert) at www.twitter.com/gtsoresources.
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