Geo Tech Provides Shareholder Update Regarding New Business
HOUSTON, Jan. 10, 2018 /PRNewswire/ -- Geo JS Tech Group (OTC: GJST) announced it will be expanding its business operations to include recycling of plastics and scrap metals. Adding additional growth and revenue opportunities beyond mining of iron ore and gold.
"Scrap metal and plastic recycling is an attractive growing market within our core competency," said Edward Mui CEO of Geo JS Tech Group. "Adding this to our operations is a priority and as such we've begun discussions with potential partners to advance our plans for the new year."
The worldwide recycling market is expected to be on the rise over the next decade, from 25 billion USD in market value in 2015 to 40 billion USD in 2020 according to Statista.com. Major recycling and waste management companies continue to benefit from this growing market.
Geo JS Tech Group will have a challenging and exciting year making the world greener. The management assures shareholders that it will diligently strive to capitalize on this new company strategy and initiative by growing internally through product sales and externally through merger and acquisition activities.
The Company is confident it has the skills and resources to grow in this space and foster any merger and acquisition opportunities in both the green recycling and mining businesses. The management thanks shareholders for your ongoing support of Geo JS Tech Group.
This press release may contain certain statements that are not descriptions of historical information, but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act of 1934. These forward-looking statements refer to matters that involve risks and uncertainties. Such statements reflect management's current views and are based on certain assumptions. Actual results could differ materially from the assumptions currently anticipated.
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