Itronics Will Report First Quarter Sales Increase; Updates Silver Refinery Expansion and GOLD'N GRO Guardian Deer Repellent Fert
March 06 2008 - 4:00AM
Marketwired
RENO, NV (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.)
Contact: Paul Knopick 888-795-6336
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