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Press
Release Archives: 11/30/2004
Itronics Announces Development of Subscription
Based Internet Publication Featuring Gold Industry and
Gold Company Profiles
RENO, Nev., Nov. 30 /PRNewswire-FirstCall/ -- Itronics
Inc. (OTC Bulletin Board: ITRO; Frankfurt and Berlin
Stock Exchanges: ITG) reported today that its wholly
owned subsidiary, Whitney & Whitney, Inc., is developing
a new Web page to be operated as "insidemetals.com." The
Web site will provide subscription access to both Gold
Industry and Gold Company financial, production, and ore
reserve profiles. The Web site is expected to be
operational early in 2005.
"A significantly
improving mining economy, the widespread use of the
Internet to obtain data, an emerging shortage of
experienced mining professionals, and a great need for
accessible summarized mining company and mining sector
ore reserve, mineral production, and financial profiles
by the investing public has created a major opportunity
for our Company to introduce this publication," said Dr.
John Whitney, Itronics President. "Whitney & Whitney's
core strengths are mining, mineral economics and
technology, and mining and mineral project development
and company growth. Whitney & Whitney has a large mining
company financial library, an extensive technical and
mineral economics reference library, and a staff of
experienced mining professionals highly qualified to
perform the tasks necessary to make its 'Gold Industry
Profiles' enormously useful to the investing public."
The Gold Company Profiles and Gold Industry Profiles
will detail producing companies listed on the New York
Stock Exchange, the American Stock Exchange, and NASDAQ.
The first metals sector to be profiled is "Gold, Silver,
Platinum, Palladium" producers, about 40 companies.
Profile information will include Proven and Probable
Reserves, Annual Production, and Annual Financial
Statistics, hedging policy and amount of gold hedged.
Annual totals for each information category will be
presented as segment profiles by Stock Exchange, and
then as an Industry Profile for each category of
information for all of the listed companies.
Other financial data, available by Stock Exchange, that
will be of great interest to investors include market
capitalization, annual sales, operating cash flow, net
after tax profits, return on equity, and return on
assets. These measures will also be totaled for all
three segments and provide a solid financial profile for
the publicly registered Gold Company sector. A company
ranking system has been developed so that investment
attractiveness can be readily identified. With these
measures available at the Web site, many types of
investment and policy analyses can be conducted,
including the impact of proposed government taxation
policies on industry profitability.
The Company anticipates that mining company
professionals, all government agencies with minerals
related responsibilities, financial industry investment
professionals, and the individual investors who have an
interest in mining companies but who have limited
mineral industry knowledge will benefit from this Web
site. Whitney & Whitney, Inc. can be contacted at
http://www.whitneywhitney.com , and by telephone at
775/689-7666.
Development of this Internet publication provides a long
term Information Services platform which Whitney &
Whitney can expand incrementally by adding additional
mineral sectors. The market scope for this service is
global and will be accessible in all countries of the
world through the Internet. Itronics believes that "insidemetals.com"
has the potential to become a major revenue source both
from subscriptions and from specialized consulting
projects that are likely to be generated.
Headquartered in Reno, Nevada, Itronics Inc. is Nevada's
leading "Beneficial Use Recycling" company and a world
leader in photochemical recycling. The Company also
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 is 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.)
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Source: Itronics Inc. |
