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Itronics Names William Forkner Director Finance & Acquisitions
Itronics, an Emerging "Green" Natural Resources Company, Adds Expert on Acquisitions, Finance
| Source: Itronics Inc.
RENO, NV--(Marketwire - September 9, 2009) - Itronics Inc. (PINKSHEETS : ITRO ) (FRANKFURT : ITG )
(BERLIN : ITG ) is pleased to announce that William A. Forkner has joined its
management team as Director Finance & Acquisitions. Mr. Forkner comes to
Itronics with more than 35 years of experience in a variety of sales,
marketing, finance, and executive leadership positions with particular
expertise in company finance and acquisitions.
Mr. Forkner began his career as a stockbroker for Belford Hammerbeck, a
western regional brokerage/financial firm. Later, as one of the owners,
Mr. Forkner built up the brokerage firm to become one of the largest on the
West Coast before it was sold to AG Edwards. He then served as regional
manager for London-Zurich from 1986-1991 where he raised capital while
participating in numerous IPOs. In 1992, Mr. Forkner formed his own
investment banking firm, Granite Bay Financial Group. The firm
successfully raised start up capital and completed mergers from $1 million
to $50 million for various companies throughout the United States. Over
the last 12 years Mr. Forkner gained a particular expertise in locating,
qualifying and acquiring companies for clients pursuing consolidation
within their particular industry. Mr. Forkner holds a B.Sc. in Psycology
and Economics from the University of California, Chico.
"We are extremely pleased to have Bill join the Itronics management team at
this time," said Dr. John Whitney, Itronics President. "With the expanding
growth of Itronics through its subsidiary Itronics Metallurgical, which is
the inventor and operator of award winning recycling technology that
converts spent photographic liquids into pure silver and GOLD'n GRO
fertilizers, and with the recent announcement that its wholly owned
subsidiary, Whitney & Whitney, is assisting with the launch of Auric Gold &
Minerals, an affiliated mining company, it is a great benefit to Itronics
to have a senior staff member with Bill's background and experience."
"Itronics plans to accelerate its business expansion by seeking 'strategic'
acquisitions that will strengthen its demonstrated environmental and mining
clean technology, expand sales, and increase assets. Doing this will speed
the transformation of Itronics to an 'environmentally green' natural
resource growth company," Dr. Whitney said.
Commercialization of Itronics recycling technology has created a "Green
Consumer Option" for photo and X-ray processors and "Green fertilizers" for
horticulture and agriculture. The Company is expanding its scope to
increase shareholder asset value by facilitating the implementation of
environmentally compatible mining companies/projects in which its
subsidiary, Whitney & Whitney, will hold meaningful equity interests to
provide Itronics ownership of "hard" in the ground mineral assets including
the precious metals gold and silver, which are rapidly rising in value.
About Itronics
Headquartered in Reno, Nevada, Itronics Inc. is a "Creative Clean
Technology" company. 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 used 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. GOLD'n GRO Guardian Deer Repellent may be ordered
by phone at 1-800-368-1865 by residents of states in which it is
registered.
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.)