GTSO: Deal With Major European Smelter Opens Up New Opportunities
01 April 2014 - 8:00PM
Business Wire
Green Technology Solutions, Inc. (OTCBB: GTSO) and its partners
have received confirmation from a European smelter that the
multi-ton shipment containing precious metals is ready for final
processing. On a positive note, the shipment was found to contain
almost 65 percent metal minerals.
Just as significant as the potential profits from the mineral
resources, beginning a business relationship with this
multinational smelter could dramatically elevate GTSO’s standing in
the global e-waste recycling marketplace.
“The big thing in this is proof of concept,” GTSO CEO Paul
Watson said. “We are going through the entire process with this
world-leading smelter for the first time. Upon receiving and
grading our shipment, we have proven our real intentions and
business plan for Latin America as an excellent e-waste case
study.
“This is the initial step in what we believe will be a long and
profitable relationship between GTSO, Chilerecicla and established
and emerging smelters.”
GTSO, through its partnership with Chilerecicla, is positioning
itself to make major gains in the e-waste marketplace. The deal
with Chilerecicla and established smelters is just the beginning of
the Company’s strategic plan to capitalize on the projected $11.4
billion e-waste market. The next steps will take one to two weeks
wherein the smelter will quantify and categorize the exact type of
metal minerals.
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
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,
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or strategic, is no guarantee of future success. This news release
speaks as of the date first set forth above and the company assumes
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events occurring after the date hereof.
Green Technology Solutions, Inc.Paul
Watson, 408-432-7285President and
CEOinfo@gtsoresources.com