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Press Release
Archives: 04/08/2010
Itronics
Emerging as a Growing Cleantech Specialty Fertilizer and Silver
Producer, Provides Activity Update
Environmentally Green Fertilizer and Silver
Technology Driving Strong Growth
RENO,
NV, Apr 08, 2010 (MARKETWIRE via COMTEX) -- Itronics Inc. (PINKSHEETS:
ITRO) (FRANKFURT: ITG) (BERLIN: ITG) today announced that 2009 sales
totaled $3.3 million, 74 percent GOLD'n GRO fertilizers and 20 percent
silver. "We are now established as a clean technology specialty
fertilizer and silver bullion producer. Sales have increased for
each of the past five years and double-digit annual sales growth
is expected to continue," said Dr. John Whitney, President.
"Itronics
is starting the second quarter with strong fertilizer sales and
silver sales underway and work is continuing on the claim staking
project for Auric Gold & Minerals," said Dr. Whitney. "The
Stage 1 silver expansion is progressing and when operational should
increase silver production in the second half of this year. With
strong world wide market interest in fertilizer and silver producers,
and growing world wide demand for hard mineral and gold properties,
Itronics is participating in markets that are growing strongly in
the midst of a global recession."
The spring fertilizer season started in mid
March and Itronics is now receiving and filling GOLD'n GRO fertilizer
orders. Fertilizer and silver sales in January and February were
sharply reduced due to adverse weather in California and elsewhere,
but fertilizer sales recovered strongly in March and silver sales,
which lag fertilizer sales, are recovering in April.
Work on the Stage 1 silver refinery expansion
is on-going as the company has been conducting small scale batch
testing to develop more knowledge of actual operating requirements
and results. This work has demonstrated that the Stage 1 flow sheet
can be greatly simplified because the process works much better
than was indicated by the laboratory testing. Part of the leaching
circuit is operational and preparations are underway for larger
scale operational testing.
The claim staking project for Auric Gold &
Minerals has been held up by continuing snow storms that have limited
access to the project area in Nevada. More information on the project
will be provided at a later date.
Itronics is focusing on increasing its visibility
to investors and was recently invited to present at a Venture Capital
Investors Conference, Agriculture 2.0, in Palo Alto, California.
The focus of the conference was to present emerging companies involved
with sustainable agriculture to the venture capital community in
Silicon Valley. Itronics was positioned as a clean technology company
with expertise in recycling and specialty fertilizer formulation
and manufacturing. Itronics was included because the award winning
GOLD'n GRO fertilizers improve agricultural sustainability. Traffic
to Itronics' web site has more than doubled since the meeting.
Itronics has been invited to participate in
a Small Cap Conference sponsored by Accredited Members, Inc. in
Las Vegas, Nevada April 20 through 22. Itronics will have a booth
at the conference and will participate in one or more panel discussions
during the conference. This conference will expose Itronics to a
large group of accredited investors that are seeking quality emerging
micro-cap companies. In March Itronics updated its web site, www.itronics.com,
and posted an updated Corporate Profile for investors interested
in long term, large scale growth potential.
About Itronics
Headquartered in Reno, Nevada, Itronics is
a Cleantech Specialty Fertilizer and Silver Company that produces
the Award Winning GOLD'n GRO liquid fertilizers and pure silver
bullion. Itronics, through its subsidiary, Itronics Metallurgical,
Inc., is the only company with a fully permitted "Beneficial
Use photochemical, Silver, and Water Recycling" plant in the
United States that converts spent photoliquids into pure silver
and GOLD'n GRO liquid fertilizers. The Company is developing environmentally
compatible mining technology, provides 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 clean recycling and fertilizer
technologies.
The Company's environmentally friendly GOLD'n
GRO liquid fertilizers, which are extensively used in agriculture,
can be used for lawns and houseplants, and are available, along
with 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.
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:
Paul Knopick
888-795-6336
Agriculture: Farming
Environment: Natural Resource Management
Chemicals: Specialty Chemicals
Agriculture: Livestock |
