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Press Release
Archives: 05/19/2010
Itronics
Provides May Activity Update
Environmentally Green Fertilizer and Silver
Technology Driving Strong Growth
RENO, NV, May 19, 2010 (MARKETWIRE via COMTEX)
-- Itronics Inc. (PINKSHEETS: ITRO) (FRANKFURT: ITG) (BERLIN: ITG)
today updated 2010 sales progress, saying, "the Company is
benefiting from strong market demand for fertilizer and silver,
and growing worldwide demand for hard mineral and gold properties."
Dr. John Whitney, Itronics President, said, "Silver prices
have strengthened with silver now trading in the $19 per ounce range.
With our Stage 1 silver refinery expansion under way and increased
output expected in the second half of the year, Itronics silver
sales will benefit from increased production, improved efficiency,
and these strong prices.
With variable weather and continuing rains in our major central
California market, the spring fertilizer season started later than
usual. As a result, March GOLD'n 'GRO fertilizer sales were 40 percent
greater than 2009, April sales were down slightly from April 2009,
while May sales are expected to be up strongly. The weather continues
to affect sales, with Reno, Nevada, still receiving late spring
snow and California receiving more and later rain than usual. GOLD'n
GRO fertilizer sales through the Company's distributor have been
growing each year. Even with the unusual weather this year, the
distributor sales base is expanding and forecasted growth is on
track.
Work on the Stage 1 silver refinery expansion
is on-going. The Company has been conducting small scale batch testing
to develop additional information for actual operating requirements.
This work has produced significant changes to the flow sheet that
are expected to greatly simplify the operation and reduce the operational
costs thereby significantly improving the project economics. Preparations
for larger scale operational testing are continuing.
The claim staking project for Auric Gold &
Minerals has been resumed. The Company has been receiving expressions
of interest from potential investors which bodes well for the project
as it develops. More information on the project will be provided
at a later date.
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
SOURCE: Itronics Inc.
Copyright 2010 Marketwire, Inc., All rights reserved.
SUBJECT
CODE:
Agriculture:Equipment
and Supplies
Agriculture:Farming
Manufacturing and Production:Forest and Paper Products
Environment:Natural Resource Management
Lifestyle and Leisure:Home and Garden
Chemicals:Specialty Chemicals |
