Recycla Chile S.A. is in talks to acquire GTSO Resources Inc. from Green Technology Solutions, Inc., confirmed Fernando Nilo, Chief Executive Officer and founder of Recycla. Fernando Nilo, said in an emailed statement, "Yes, it is us, but what surprises me is that the foreign company would announce something that is in a very preliminary stage. They're jumping the gun." Mauricio Núñez, Recycla's cofounder and environmental manager, denied his company has been in talks with GTSO, but told BNamericas that the firm has been in talks with other companies abroad.

Mauricio Núñez did not disclose further information as he said that it was premature to discuss it.