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Itronics Will Report First Quarter Sales Increase; Updates Silver Refinery Expansion and GOLD'N GRO Guardian Deer Repellent Fertilizer Registration
| Source: Itronics Inc.
RENO, NV--(Marketwire - March 6, 2008) - Itronics Inc. (OTCBB : ITRO ) (FRANKFURT : ITG )
(BERLIN : ITG ) reported today that its first quarter sales are increasing in
strong silver, fertilizer, and gold markets.
"Itronics GOLD'n GRO fertilizer division ended February with the largest
backlog of truck load orders in the Company's history," said Dr. John
Whitney, Itronics President. "Silver sales in January and February were
about equal to last year's full first quarter. The Mining Technical
Services division sales were also up in the first two months and visitor
traffic to the InsideMetals.com web site is continuing to increase."
"The sales increases are expected to grow as the year progresses. Silver
prices, fertilizer demand and prices, and gold prices are at all time
highs," said Dr. Whitney. "Itronics, with its innovative photochemical
recycling technology that completely converts the waste stream to pure
silver and environmentally compatible, high quality GOLD'n GRO liquid
fertilizers, is now benefiting from these strong markets."
The Company has completed temporary installation and start up of a new
screening machine for its refinery that will produce an increase in silver
output and sales in March and future months. Silver prices are now in the
$20 per ounce range, making this incremental expansion very timely.
The Company has completed a detailed deer damage study which indicates that
deer damage in suburban America is in the $5 billion per year range and
that sales of its GOLD'n GRO deer repellent fertilizer could top $200
million annually. The U.S. Environmental Protection Agency has indicated
that the Company will receive a GOLD'n GRO Guardian deer repellent
registration sometime in May or June 2008. The Company is now anticipating
that GOLD'n GRO Guardian deer repellent fertilizer sales can begin in the
third quarter of this year.
About Itronics
Itronics, through its subsidiary, Itronics Metallurgical, Inc., is the only
company in the world with a fully permitted "Beneficial Use Photochemical,
Silver, and Water Recycling" plant located in the United States which can
convert used photoliquids into pure silver and liquid fertilizers. At the
Company's Reno, Nevada factory more than 99 percent of the silver and
virtually all the other toxic heavy metals are extracted from used
photoliquids. The purified liquids are converted into environmentally
beneficial, chelated, micronutrient and multinutrient liquid fertilizers
sold under the GOLD'n GRO trademark. The silver is refined and sold as
bullion and 5 troy ounce, 0.999 pure, Silver Nevada Miner numismatic bars.
The environmentally friendly liquid fertilizers can be used for lawns and
houseplants, and are available, along with GOLD'n GRO 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.
Headquartered in Reno, Nevada, Itronics Inc. is a "Creative Environmental
Technology" company and a world leader in photochemical recycling. The
Company also provides environmentally compatible mining technology
development, 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 compatible recycling and fertilizer technologies.
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.)