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Release Archives: 03/06/2008
Itronics
Will Report First Quarter Sales Increase; Updates Silver Refinery
Expansion and GOLD'N GRO Guardian Deer Repellent Fertilizer Registration
RENO,
NV--(MARKET WIRE)--Mar 6, 2008 -- Itronics Inc. (OTC BB:ITRO.OB
- News) (Frankfurt:ITG.F - News) (Berlin:ITG.BE - News) reported
today that its first quarter sales are increasing in strong silver,
fertilizer, and gold markets.
"Itronics
GOLD'n GRO fertilizer division ended February with the largest backlog
of truck load orders in the Company's history," said Dr. John
Whitney, Itronics President. "Silver sales in January and February
were about equal to last year's full first quarter. The Mining Technical
Services division sales were also up in the first two months and
visitor traffic to the InsideMetals.com web site is continuing to
increase."
"The
sales increases are expected to grow as the year progresses. Silver
prices, fertilizer demand and prices, and gold prices are at all
time highs," said Dr. Whitney. "Itronics, with its innovative
photochemical recycling technology that completely converts the
waste stream to pure silver and environmentally compatible, high
quality GOLD'n GRO liquid fertilizers, is now benefiting from these
strong markets."
The
Company has completed temporary installation and start up of a new
screening machine for its refinery that will produce an increase
in silver output and sales in March and future months. Silver prices
are now in the $20 per ounce range, making this incremental expansion
very timely.
The
Company has completed a detailed deer damage study which indicates
that deer damage in suburban America is in the $5 billion per year
range and that sales of its GOLD'n GRO deer repellent fertilizer
could top $200 million annually. The U.S. Environmental Protection
Agency has indicated that the Company will receive a GOLD'n GRO
Guardian deer repellent registration sometime in May or June 2008.
The Company is now anticipating that GOLD'n GRO Guardian deer repellent
fertilizer sales can begin in the third quarter of this year.
About
Itronics
Itronics,
through its subsidiary, Itronics Metallurgical, Inc., is the only
company in the world with a fully permitted "Beneficial Use
Photochemical, Silver, and Water Recycling" plant located in
the United States which can convert used photoliquids into pure
silver and liquid fertilizers. At the Company's Reno, Nevada factory
more than 99 percent of the silver and virtually all the other toxic
heavy metals are extracted from used photoliquids. The purified
liquids are converted into environmentally beneficial, chelated,
micronutrient and multinutrient liquid fertilizers sold under the
GOLD'n GRO trademark. The silver is refined and sold as bullion
and 5 troy ounce, 0.999 pure, Silver Nevada Miner numismatic bars.
The environmentally friendly liquid fertilizers can be used for
lawns and houseplants, and are available, along with GOLD'n GRO
liquid fertilizer injectors, at the Company's "e-store"
catalog at http://goldngro.com. The popular Silver Nevada Miner
bars are available at the Company's "e-store"catalog at
http://www.itromet.com.
Headquartered
in Reno, Nevada, Itronics Inc. is a "Creative Environmental
Technology" company and a world leader in photochemical recycling.
The Company also provides environmentally compatible mining technology
development, project planning, and technical services to the gold
mining industry and operates the popular InsideMetals.com web site,
http://www.insidemetals.com which provides a value-added WORLD VIEW
of Gold Producer Stocks, Mineral Producer Stocks, Junior Gold Stocks,
and Junior Mineral Stocks. Itronics has received numerous domestic
and international awards that recognize its ability to successfully
create and implement new environmentally compatible recycling and
fertilizer technologies.
VISIT
OUR WEB SITE: http://www.itronics.com
("Safe
Harbor" Statement under the Private Securities Litigation Reform
Act of 1995: This press release contains or may contain forward-looking
statements such as statements regarding the Company's growth and
profitability, growth strategy, liquidity and access to public markets,
operating expense reduction, and trends in the industry in which
the Company operates. The forward-looking statements contained in
this press release are also subject to other risks and uncertainties,
including those more fully described in the Company's filings with
the Securities and Exchange Commission. The Company assumes no obligation
to update these forward-looking statements to reflect actual results,
changes in risks, uncertainties or assumptions underlying or affecting
such statements, or for prospective events that may have a retroactive
effect.)
Contact:
Contact:
Paul Knopick
888-795-6336
Source: Itronics Inc.
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