Itronics Inc (ITRO)

[kajulie]

Please review the 2nd sentence in the 4/7/11 8k: http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=7532401

RENO, Nevada, April 1, 2011 -- Itronics Inc. (OTC:ITRO), a "Creative Clean Technology" company, announced today that it has reached a resolution of its litigation with the NIR Group, Ltd. and its affiliates, which held Convertible Notes issued by Itronics. As part of the resolution of the litigation, the parties have entered into a settlement agreement for the balance due under the Notes and the Notes have been cancelled.

Dr. John Whitney, President of Itronics, stated, "We are pleased to conclude the Litigation. Itronics will now be able to devote its full resources to developing and growing its business."

Corey Ribotsky, Chairman of the NIR Group, stated, "Litigation is a last resort for our family of funds. We are encouraged by the progress that Dr. Whitney and the Itronics team have made and we support their efforts to develop Itronics’ business."