SAN JOSE, Calif.--()--Only a day after signing a letter of intent (LOI) to acquire U.S.-based e-waste recycler Global Cellphone Buyers, Green Technology Solutions (OTCBB: GTSO) mining subsidiary GTSO Resources announced today that it has opened talks with another electronics recycler in the nation of Chile.
“It’s been selected as a Technology Pioneer by the World Economic Forum for its leadership in the Latin American urban mining industry, and we’re excited to discuss possible partnering opportunities. We’ll release more information on this company once a non-disclosure agreement and LOI can be worked out.”
“This company in Chile is a promising new target that’s been brought to us by our business consultants at CCI Capital SpA,” said GTSO CEO Paul Watson. “It’s been selected as a Technology Pioneer by the World Economic Forum for its leadership in the Latin American urban mining industry, and we’re excited to discuss possible partnering opportunities. We’ll release more information on this company once a non-disclosure agreement and LOI can be worked out.”
Chile has been a major focus of GTSO’s efforts to expand its urban mining footprint due to its high rate of industrialization, affordable labor and local business connections with CCI Capital. Today, more than 95 percent of Chileans have a mobile phone. These phones have an average life span of less than two years, and a huge market is developing in Chile and around the world to keep the highly valuable and highly toxic materials used to build them out of landfills.
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. (NYSE: S) and Toyota Motor Corporation (NYSE: 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.
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.