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Press
Release Archives: 10/31/2006
Itronics
Reports Two New Photochemical Management Service
Contracts; Photochemical Services Revenues Could Triple
RENO, Nev., Oct. 31 /PRNewswire-FirstCall/ -- Itronics
Inc. (OTC Bulletin Board: ITRO; Frankfurt and Berlin
Stock Exchanges: ITG) reported today that its
wholly-owned subsidiary, Itronics Metallurgical, Inc.,
has signed two photochemical service contracts with two
major companies that together are expected to increase
photochemical services revenues in 2007 by up to triple
the 2006 photochemical services revenues.
In the first nine months of 2006, Itronics' GOLD'n GRO
liquid fertilizer sales were up 30 percent compared to
the previous year and silver sales were up 161 percent
in the same period. "The new photochemical service
contracts will not only increase photochemical service
revenues, they will support an increased growth in
GOLD'n GRO liquid fertilizer sales and will allow the
Company to maintain its high rate of growth in silver
sales by expanding silver production up to three times
the production in 2006," said Dr. John Whitney, Itronics
President.
"We have negotiations underway for additional
photochemical service contracts with large regional and
national photochemical collection companies that are
expected to provide the increased supplies that will be
needed to support on-going growth in GOLD'n GRO
fertilizer sales," Dr. Whitney said. "Also, growth in
silver output is expected to increase further as new,
large, photochemical service contracts are signed and
service with the new customers established."
"Signing of these two new photochemical service
agreements demonstrates that our Company's eight part
long term growth plan, announced in June 2005, is being
successfully implemented," Dr. Whitney said.
About Itronics
Itronics, through its subsidiary, Itronics
Metallurgical, Inc., is the only company in the world
with a "Beneficial Use Photochemical, Silver, and Water
Recycling" facility that extracts more than 99 percent
of the silver and virtually all the other toxic heavy
metals from used photoliquids and converts the resulting
liquids into environmentally beneficial, chelated,
multinutrient liquid fertilizer products sold under the
GOLD'n GRO trademark, 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 project planning and technical services to the
mining industry and operates the global Gold Producing
Stocks web site: http://www.insidemetals.com . Itronics
was one of five finalists for the 2001 Kirkpatrick
Chemical Engineering Award, the most prestigious
worldwide award in chemical engineering technologies.
Itronics was awarded second place, Highly Commended in
the Environmental Technology category, at the
prestigious Institution of Chemical Engineers (IChemE)
2005 Worldwide Environmental Award ceremonies at the
Royal Courts of Justice in London, England in September
2005. Itronics was awarded the USA Gold Award at the
House of Commons in London in November 2005 as part of
the International Green Apple Environmental Awards
contest, one of the largest and most prestigious of its
kind in the world and the International Green Hero award
in 2006 for its leadership on environmental issues.
Itronics' GOLD'n GRO fertilizer was named one of the top
10 new technologies representing the best of
agricultural innovation by the Canadian Association of
Agri-Retailers in its December 2005 publication
"Communicator". Dr. John Whitney, Itronics President,
was selected as Nevada's Inventor of the Year for 2000
and is a member of the Inventor's Hall of Fame at the
University of Nevada, Reno.
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.)
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Source: Itronics Inc. |
