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- Itronics Inc.
- March 31, 2006
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- Welcome and Introductions
- Business Meeting
- Election of the Board of Directors
- Ratification of accountants
- Share approval
- Company Results and Outlook
- Questions and answers
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- "Safe Harbor"
Statement under the Private Securities Litigation Reform Act of 1995:
This presentation 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 presentation 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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- Approval of nominees to the board of directors
- Ratification of the selection of Cacciamatta Accountancy Corporation as
independent auditors
- Ratification of the amendment to the Company’s Articles of Incorporation
increasing authorized share capital
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- Dr. John W. Whitney
- Founder, President, Chairman
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- Financial Position
- and
- Results of Operations
- (Nine months 2005)
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- Photowaste put into the sewer systems or into waterways is a major
concern
- Soluble silver is not toxic
- To humans
- To animals
- To plants
- Soluble silver IS TOXIC
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- The company generates three basic
revenue streams
- Paid to transport and process raw material
- Recover, refine, and sell the silver on the open market
- Manufacture and sell GOLD’n GRO® fertilizers and Guardian
- Base liquid
- Chelated Micro-nutrients
- Chelated Multi-nutrients
- Developing GOLD’n GRO® Guardian, a deer repellent fertilizer
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- Converts toxic waste to usable products:
- Zero discharge facility – consume all input products
- Fertilizer from liquid portion of separation
- Silver extracted from solid portion
- Solid residual can be converted to non-toxic tile products
- Reduces run-off and ground water contamination problems due to reduced
fertilizer consumption
- 90% reduction in the amount of zinc metal needed-soil residuals and
accumulation eliminated
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- Fertilizer is 1.5 to 3 times more effective than other products
- More economical for farmer
- Crop production is increased by up to 40%
- Lower salt index than other products
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- Significant entry barriers:
- Specialized EPA, State, City, and County hazardous waste permits
required
- Each fertilizer must be registered in each state in which it is sold
- Long lead time required to develop and test similar technology and
fertilizer products; up to10 years for each fertilizer product
- Up to 5 years to develop a product
- Up to 5 years to commercialize a developed product
- Itronics did 10 years of field evaluation before getting clearance for
use on food crops
- Liquid fertilizer distribution is specialized and takes long lead time
to establish
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- 2000--John Whitney was selected as Nevada’s Inventor of the Year.
- 2001--One of five finalists for the 2001 Kirkpatrick Chemical
Engineering Award
- 2005--Awarded second place (IChemE), Worldwide Environmental Awards in
London, England
- 2005--Awarded USA Gold at the International Green Apple Environmental
Awards in London, England
- 2005--GOLD'n GRO® was named one of the top 10 new technologies
representing the best of agricultural innovation by the Canadian
Association of Agri-Retailers
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- Operates photochemical recycling facility in Reno
- 15 years of R&D, including 8
years of university field testing
- First GOLD’n GRO® bulk liquid
fertilizer shipments in Q4 2001
- 2006 expanding GOLD’n GRO® liquid fertilizer sales to meet growing
demand
- Beginning registration of Guardian product
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- Photochemistry and agricultural fertilizer are standardized worldwide
- Annual production or usage:
- Photochemical waste
- Liquid Fertilizers
- Silver
- Demand for use in photography and x-ray
- ~180M troy oz.
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- Photochemical waste ~ $140M
- Liquid Fertilizer ~ $2.2B
- 19M tons
- 8M tons of multi-nutrient
- 1.3M tons of micro and secondary nutrients
- Silver ~ $550M
- Demand for use in photography and x-ray 55M troy oz.
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- 35,000 square foot structure on 3.5 acres
- 7,500 ton annual current fertilizer capacity
- Capable of producing 36,000 tons of fertilizer
- Commenced operations in January 2000
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- 99.9% pure
- Five troy ounces
- Emblematic of Nevada’s rich mining history
- A very high quality numismatic silver bar sold in annual editions
- Available through the Itronics web site
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- Selling bulk wholesale through distributors
- Chelated liquid micronutrients - 5 products
- Chelated liquid multinutrients - 6 products
- Chelated liquid deer repellant fertilizer - 1 product (in registration)
- Consumer Fertilizers Available through the Itronics web site
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- Established distributors and bulk retailers are focused on retention of
market share with existing product
- The GOLD’n GRO® product formulations are unique and new to the industry
and their safety and effectiveness requires field demonstration
- introducing bulk chelation as a fertilizer material concept
- introducing general use of thiosulfates for multinutrient and
micronutrient formulation
- introducing general use of demetallized chemically conditioned
photographic liquids as blend components in liquid fertilizers
- Commercial fertilizer consumers are very conservative and slow to change
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- Our micronutrients are producing incredible results in side-by-side
field tests
- Nursery plants
- Turf
- Sweet corn
- Watermelons
- Peppers
- Tomatoes
- Cotton
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- Dayton Valley Golf Club needed to “kick-start” its greens and tees out
of winter dormancy
- Three days after applying GOLD’n GRO® 20-1-7 formulation with Iron and
chelates...
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- Our multi-nutrient products give the farmer an important edge
- Higher yields
- Better quality
- Improved economics
- Western Farm Service sees our products as giving them an important
marketing and sales tool
- New line of nutrient products
- New fertilizer technology
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- Published article in quarterly newsletter
- Highlighting GOLD’n GRO®’s clean fertilizers
- Listing GOLD’n GRO® products on WFS and Agrium web sites
- Co-branding as First Choice GOLD’n GRO® - WFS house brand
- Replacing established products when possible
- Integrating GOLD’n GRO® fertilizer in liquid field blends at retail
outlets
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- Registered GOLD’n GRO® products in Oregon, Washington and Idaho
- Acquired the rights to GOLD’n GRO® Guardian
- Obtained $3.25M in financing
- Resumed sales growth in Q4
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- Sales up 45% in Q4; Up 2.1% for the full year 2005
- Chelated Liquid Micronutrients up 32% in Q4
- Chelated Liquid Multinutrients up 105% in Q4
- Chelated Liquid Multrinutrient Sales targeted for 2 to 3 X increase in
2006
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- Silver Sales Up 83% in Q4 2005;
up 44% for the full year
- Silver recovery capacity was tripled in early 2006
- Silver sales expected to increase driven by fertilizer sales
- Developing plan to expand refining capacity
- Developing pilot scale leaching project
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- Continue to expand GOLD’n GRO® fertilizer sales
- Register Guardian and proceed with marketing plan
- Continue to acquire financing to support growth
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- Specialty Agriculture
- Northeast and Southeast US
- Bulk Field Crops
- Nursery and Landscape (Guardian)
- Northeast, Southeast and Northwest US
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- Itronics is progressing in its process to register the GOLD’n GRO®
Guardian product with the U.S. Environmental Protection Agency, which is
currently expected to be completed some time in 2007
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