|[February 20, 2014]
GTSO to Increase Revenues Through Education
SAN JOSE, Calif. --(Business Wire)--
By working to educate the millions of end-product electronics consumers
in Latin America on how to properly dispose of their electronic-waste,
Green Technology Solutions (News - Alert) (OTCBB: GTSO) could be poised to capitalize
on that region's potentially lucrative electronic-waste market.
With the global e-waste marketplace projected to reach $11.4 billion
this year, GTSO is partnering with Chilerecicla
to educate Latin American countries on recycling their e-waste safely.
Chilerecicla, with whom GTSO recently collaborated on an e-waste
shipment transaction to Europe, recently hosted its second Electronic
Recycling Fair in Talca, Chile. Businesses and residents attending the
fair were encouraged to let Chilerecicla recycle their old television
sets, computers, cell phones and other gadgets instead of throwing them
With a population of 620 million residents and its population growth
estimated at almost seven million annually, Latin America is a potential
e-waste goldmine. A recent study showed that only 1 to 3 percent of
e-waste in Chile is being recycled. According to data from World Bank,
Latin America has already surpassed 100 percent mobile phone
penetration; on average, there are 107 mobile phones per 100 people
across the region. Nevertheles, Cisco's (News - Alert) Visual Networking Index mobile
forecast study projects the number of smartphones in Latin America to
almost triple by 2018, suggesting the market will continue to grow.
"This is the reason why we chose Chilerecicla as a partner. What they
are doing to educate Latin American communities on recycling e-waste is
something we want to bring to the U.S.," GTSO CEO Paul Watson said.
"With urbanization reaching new levels in Latin America, recycling
programs can result in big profits for the Company as end product users
learn to turn in their old electronics through these programs. This is a
win-win situation for our investors, and for the environment."
Urban mining is pivotal to GTSO's vision to compete alongside major
international corporations striving for sustainable waste solutions,
such as Covanta Holding Corporation (NYSE: CVA), Industrial Services of
America (NASDAQ: IDSA) and Sims Metal Management Ltd. (NYSE: 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. is a growth-oriented company exploring
rare earth minerals and precious metals production around the world. To
learn more, please visit http://www.gtsoresources.com/investors.html.
Notice Regarding Forward-Looking Statements
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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
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included herein for events occurring after the date hereof.
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