Itronics Emerging as a Growing Cleantech Specialty Fertilizer and Silver Producer, Provides Activity Update
April 08 2010 - 10:20AM
Marketwired
Itronics Inc. (PINKSHEETS: ITRO) (FRANKFURT: ITG) (BERLIN: ITG)
today announced that 2009 sales totaled $3.3 million, 74 percent
GOLD'n GRO fertilizers and 20 percent silver. "We are now
established as a clean technology specialty fertilizer and silver
bullion producer. Sales have increased for each of the past five
years and double-digit annual sales growth is expected to
continue," said Dr. John Whitney, President.
"Itronics is starting the second quarter with strong fertilizer
sales and silver sales underway and work is continuing on the claim
staking project for Auric Gold & Minerals," said Dr. Whitney.
"The Stage 1 silver expansion is progressing and when operational
should increase silver production in the second half of this year.
With strong world wide market interest in fertilizer and silver
producers, and growing world wide demand for hard mineral and gold
properties, Itronics is participating in markets that are growing
strongly in the midst of a global recession."
The spring fertilizer season started in mid March and Itronics
is now receiving and filling GOLD'n GRO fertilizer orders.
Fertilizer and silver sales in January and February were sharply
reduced due to adverse weather in California and elsewhere, but
fertilizer sales recovered strongly in March and silver sales,
which lag fertilizer sales, are recovering in April.
Work on the Stage 1 silver refinery expansion is on-going as the
company has been conducting small scale batch testing to develop
more knowledge of actual operating requirements and results. This
work has demonstrated that the Stage 1 flow sheet can be greatly
simplified because the process works much better than was indicated
by the laboratory testing. Part of the leaching circuit is
operational and preparations are underway for larger scale
operational testing.
The claim staking project for Auric Gold & Minerals has been
held up by continuing snow storms that have limited access to the
project area in Nevada. More information on the project will be
provided at a later date.
Itronics is focusing on increasing its visibility to investors
and was recently invited to present at a Venture Capital Investors
Conference, Agriculture 2.0, in Palo Alto, California. The focus of
the conference was to present emerging companies involved with
sustainable agriculture to the venture capital community in Silicon
Valley. Itronics was positioned as a clean technology company with
expertise in recycling and specialty fertilizer formulation and
manufacturing. Itronics was included because the award winning
GOLD'n GRO fertilizers improve agricultural sustainability. Traffic
to Itronics' web site has more than doubled since the meeting.
Itronics has been invited to participate in a Small Cap
Conference sponsored by Accredited Members, Inc. in Las Vegas,
Nevada April 20 through 22. Itronics will have a booth at the
conference and will participate in one or more panel discussions
during the conference. This conference will expose Itronics to a
large group of accredited investors that are seeking quality
emerging micro-cap companies. In March Itronics updated its web
site, www.itronics.com, and posted an updated Corporate Profile for
investors interested in long term, large scale growth
potential.
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
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