Itronics to Trade Under Transition Symbol ITROD for 20 Days
June 30 2010 - 3:18PM
Marketwired
Itronics Inc. (PINKSHEETS: ITROD) (PINKSHEETS: ITRO) reported today
that upon the effective date of its 1 for 1000 share consolidation
on June 29, 2010, a transitional symbol "ITROD" was assigned by the
Financial Industry Regulatory Authority (FINRA) and will be
applicable for 20 days, or until July 29, when it will revert to
back ITRO. This is standard procedure for FINRA.
The Company consolidated its shares as part of its restructuring
plan to improve its balance sheet. Itronics is confident the higher
price per share will make its stock more liquid in the current
market atmosphere that significantly penalizes sub-penny stocks. We
believe the step we took will subsequently benefit existing
shareholders, help attract new investors, and improve the company's
ability to obtain equity financing. The post split shares opened at
$1.90 per share, removing them from the sub-penny category with its
related restrictions on share purchases by the investing
public.
Itronics is entering a new phase of development having announced
the planned expansion of its silver refinery by installing
revolutionary technology that will provide a new source of
fertilizer raw materials and expand silver refinery capacity up to
10 times. The company has also recently announced that its new
mining subsidiary, Auric Gold & Minerals, Inc. is acquiring a
poly-metallic gold property by staking lode mining claims on
Federal land in northern Nevada. These two projects are expected to
expand both the Company's operations and its asset base and to
substantially increase its value to investors. Itronics said it is
committed to providing frequent updates on these and other
accomplishments.
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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