Greener BeeGreen ElectronicsGTSO Initiates Talks with Leading Chilean E-Waste Recycler

SAN JOSE, Calif.–(BUSINESS WIRE)–

Only a day after signing a letter of intent (LOI) to acquire U.S.-based
e-waste recycler Global Cellphone Buyers, Green Technology Solutions
(GTSO) mining subsidiary GTSO Resources announced today that it
has opened talks with another electronics recycler in the nation of
Chile.

“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.

Article source: http://finance.yahoo.com/news/gtso-initiates-talks-leading-chilean-090000891.html


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