$GTSO GTSO: Apple Recycling Program Boosts E-Waste
Post# of 94279
Posted On: 11/20/2013 7:16:29 AM
$GTSO GTSO: Apple Recycling Program Boosts E-Waste Market
As Green Technology Solutions (OTCBB: GTSO) and partner Chilerecicla continue exporting recycled electronic-waste to overseas smelters, fresh funds have been pumped into the market through mobile phone trade-ins.
Technology company Apple (NASDAQ: AAPL) recently initiated a trade-in program enabling consumers to return used iPhones in exchange for cash. Through its Reuse and Recycle program, Apple allows customers to turn in their iPhone for a rebate of up to $345. Apple’s program comes on the heels of news that last year approximately 1.7 billion mobile phones, containing 453 million pounds of e-waste materials, were manufactured.
In addition, ERecyclingCorps, which recycles cellular phones with the assistance of carriers and retailers, recently received a $105 million Series C investment from current and future investors.
“Apple’s involvement likely ensures users will turn in their phones to be recycled before continuing the cycle of buying a new mobile device,” GTSO CEO Paul Watson said. “That signals a market for recycling that will continue to grow and become very profitable for years to come.”
GTSO, an environmentally conscious company with an ongoing interest in delivering “green friendly” solutions to a global market, is currently involved in e-waste partnerships domestically and with partners in Latin America and other emerging markets.
With the urban mining market projected to approach $24 billion by 2018, GTSO plans to develop best practices for recycling precious and rare minerals from e-waste with partners like Chilerecicla as well as development plans for U.S. operations through Green Urban Mining.
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. (www.gtsoresources.com) is a growth-oriented company exploring rare earth minerals and precious metals production around the world. To learn more, please visit the 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 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.
Green Technology Solutions, Inc.
Paul Watson, 408-432-7285
President and CEO
info@gtsoresources.com
As Green Technology Solutions (OTCBB: GTSO) and partner Chilerecicla continue exporting recycled electronic-waste to overseas smelters, fresh funds have been pumped into the market through mobile phone trade-ins.
Technology company Apple (NASDAQ: AAPL) recently initiated a trade-in program enabling consumers to return used iPhones in exchange for cash. Through its Reuse and Recycle program, Apple allows customers to turn in their iPhone for a rebate of up to $345. Apple’s program comes on the heels of news that last year approximately 1.7 billion mobile phones, containing 453 million pounds of e-waste materials, were manufactured.
In addition, ERecyclingCorps, which recycles cellular phones with the assistance of carriers and retailers, recently received a $105 million Series C investment from current and future investors.
“Apple’s involvement likely ensures users will turn in their phones to be recycled before continuing the cycle of buying a new mobile device,” GTSO CEO Paul Watson said. “That signals a market for recycling that will continue to grow and become very profitable for years to come.”
GTSO, an environmentally conscious company with an ongoing interest in delivering “green friendly” solutions to a global market, is currently involved in e-waste partnerships domestically and with partners in Latin America and other emerging markets.
With the urban mining market projected to approach $24 billion by 2018, GTSO plans to develop best practices for recycling precious and rare minerals from e-waste with partners like Chilerecicla as well as development plans for U.S. operations through Green Urban Mining.
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. (www.gtsoresources.com) is a growth-oriented company exploring rare earth minerals and precious metals production around the world. To learn more, please visit the 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 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.
Green Technology Solutions, Inc.
Paul Watson, 408-432-7285
President and CEO
info@gtsoresources.com
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