FOR IMMEDIATE RELEASE Contact: Paul
Knopick
888-795-6336
******************************************************************
ITRONICS
WILL REPORT FIRST QUARTER SALES INCREASE; UPDATES SILVER REFINERY EXPANSION AND
GOLD’n GRO GUARDIAN DEER REPELLENT FERTILIZER REGISTRATION
RENO,
Nevada, March 6, 2008 -- Itronics Inc. (OTCBB: ITRO; Frankfurt and Berlin Stock
Exchanges: 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.)