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Press
Release Archives: 11/18/2003
Digital
Imaging Increases Demand for Itronics' Photochemical
Silver Recycling Services by 45 Percent in Third Quarter
2003
RENO,
Nev., Nov. 18 /PRNewswire-FirstCall/ -- Itronics Inc.
(OTC Bulletin Board: ITRO; Frankfurt Stock Exchange:
ITG) reported today that used silver-bearing photoliquid
volumes received by its subsidiary, Itronics Metallurgical,
Inc., were up 45 percent in the third quarter compared
to the third quarter of 2002. The volumes in the first
nine months this year were up 18 percent compared to
the first nine months of 2002. The bulk of this growth
is occurring within the Company's existing base of customers,
including consumer color photo processing labs.
"The
shift by consumers to increased use of digital imaging
is significantly increasing the number of long-life,
high-quality color prints being developed in the U.S.,"
said Dr. John Whitney, Itronics president. "This
is directly increasing the amount of used photochemical
liquids being generated. Any claim that digital photography
would decrease our business has proven to be completely
wrong."
"To
accommodate the growing demand for digital print photo
finishing, regional photo labs and mini labs are installing
digital processing equipment that prints on silver-halide
paper, which generates used silver-bearing photochemical
liquids," Dr. Whitney explained. "Rapidly
growing Internet companies are providing photographers
and users of digital equipment with long-life, high-quality
prints, using state-of-the-art silver-halide paper,
generating thousands of gallons of used silver-bearing
photo liquids per month."
Mini
labs are installing equipment so the consumer can produce
their own photographic quality digital prints at the
lab. This is in addition to the "one hour"
photo-finishing services that the mini labs normally
supply. "The result of all of these rapidly occurring
changes is a dramatic increase in the number of photographic
prints being developed and the volume of photo liquids
being used for that purpose, and more business for our
Company," said Dr. Whitney.
Itronics,
through its subsidiary, Itronics Metallurgical, Inc.,
is the only company in the world with the technology
to extract more than 99 percent of the silver and virtually
all the other toxic heavy metals from used photoliquids
and to convert the resulting liquid into environmentally
beneficial, chelated, multinutrient liquid fertilizer
products sold under the trademark GOLD'n GRO, and animal
repellent/fertilizer products under the trademark GOLD'n
GRO GUARDIAN. These earth friendly liquid fertilizers,
which can be used for lawns and houseplants, and the
popular Silver Nevada Miner bars, a souvenir of the
Silver State, are available at the Company's Web site:
http://www.itronics.com/ .
Itronics
Inc. is one of Nevada's leading process technology companies
and a world leader in photochemical recycling. Headquartered
in Reno, Nevada, it recycles spent liquid photochemicals
into liquid GOLD'n GRO fertilizer products and GOLD'n
GRO GUARDIAN animal repellent/fertilizer products, recovers,
refines, and sells silver, manufactures a line of photochemical
silver concentrators, and provides project planning
and technical services to the mining industry. Dr. John
Whitney, Itronics President, was selected as Nevada's
Inventor of the Year for 2000 and has become a member
of the Inventor's Hall of Fame at the University of
Nevada, Reno. Itronics was one of five finalists for
the 2001 Kirkpatrick Chemical Engineering Award, the
most prestigious worldwide award in chemical engineering
technologies.
VISIT
OUR WEB SITE: http://www.itronics.com/
(Statements
in this press release may constitute forward-looking
statements and are subject to numerous risks and uncertainties,
including the failure to complete successfully the development
of new or enhanced products, the Company's future capital
needs, the lack of market demand for any new or enhanced
products the Company may develop, any actions by the
Company's partners that may be adverse to the Company,
the success of competitive products, other economic
factors affecting the Company and its markets, and other
risks detailed from time to time in the Company's filings
with the Securities and Exchange Commission. The actual
results may differ materially from those contained in
this press release. The Company disclaims any obligation
to update any statements in this press release.)
CONTACT:
Paul Knopick, +1-888-795-6336, for Itronics Inc.
Web
site: http://www.itronics.com/
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