Green Technology Solutions, Inc. (OTCBB: GTSO) took a big step forward in expanding the mission of its latest acquisition, Global Cell Buyers, by rebranding the company as Green Urban Mining.
The e-waste recycling company was purchased by GTSO’s mining subsidiary, GTSO Resources, at the end of last month. By expanding the company’s resale and recycling operations beyond cell phones, GTSO plans to build Green Urban Mining into a company better suited to meet the demands of 21st century consumers.
“Cell phones have traditionally been—and continue to be—the backbone of profitable e-waste recycling streams,” said GTSO CEO Paul Watson. “Newer technologies, including tablets, MP3 players, laptops and other electronics are rapidly reaching similar rates of obsolescence, resulting in new potential revenue streams.
“Minerals inside of these devices are too valuable and too toxic to end up in landfills,” Watson said. “The demand for tungsten, gold, palladium and other metals continues to rise alongside demand for new gadgets, and urban mining represents a sustainable approach to fill this shortfall in supply.”
At GreenUrbanMining.com, users can view the company’s current estimate prices for cellphones, tablets, routers, projectors, cables and peripherals.
Urban mining is a major pillar of GTSO’s plans to compete alongside major international corporations striving for green business solutions, such as ABB Limited (NYSE: ABB), Waste Management (NYSE: WM), 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.
For more information on these initiatives, please visit www.GTSOResources.com/investors.html.
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.
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