This month, Green Technology Solutions, Inc. (OTCBB: GTSO) CEO Paul Watson will attend a business forum with the sponsor of the Responsible Electronics Recycling Act (RERA) to discuss the bright future for e-waste recycling on the horizon in the U.S.
U.S. Rep. Gene Green (TX-29) introduced the potentially game-changing bill to Congress last week with bipartisan support. Coalition leaders say RERA is essential for creating U.S. jobs and promoting investment in the domestic recycling industry. Paul Watson will attend the forum with Green and other stakeholders on August 21 to offer his support for the legislation and offer ways that GTSO and its affiliates can help lead the U.S. e-waste recycling industry into a new era of efficiency and profitability.
“E-waste is the fastest-growing waste stream here in the U.S., and its improper disposal can pose grievous risks to the environment and public health here at home and around the world,” Watson said. “If this bill is passed, domestic recyclers such as GTSO will be able to help build a competitive e-waste recycling industry and infrastructure that will have us well-prepared for the challenges ahead.”
The EPA estimates that the U.S. generates more than 3.4 million tons of electronic waste each year. A large percentage of this e-waste collected for recycling today is exported to third-world nations to be dismantled using primitive, unsafe methods. Proper recycling of this material at home represents a potential goldmine for GTSO and other U.S. companies.
Urban mining is key to GTSO’s plans to compete alongside major international corporations striving for sustainable waste solutions, such as 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 and recycling 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 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.
Paul Watson, 408-432-7285
President and CEO
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