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Release Archives: 01/06/2009
Itronics
2008 Revenues Increase 29 Percent to $3 Million; Fourth Quarter
Revenues up 46 Percent
Green Company Continues Strong Progress
RENO,
NV--(MARKET WIRE)--Jan 6, 2009 -- Itronics Inc. (OTC BB:ITRO.OB
- News) (Frankfurt:ITG.F - News) (Berlin:ITG.BE - News) reported
today that its total revenues for 2008 increased by 29 percent to
$3.02 million from $2.34 million in 2007. Fourth quarter revenues
increased by 46 percent to $605,000 from $413,000 in 2007. Full
year audited financial results are due to be filed in the Company's
Form 10K-SB on or before March 31, 2009.
Unaudited
revenues for the fourth quarter, and full year ended December 31,
2008, together with comparative audited figures for 2007, are presented
below:
01/06/2009
Full year GOLD'n GRO liquid fertilizer revenue
growth was 29 percent despite severe water shortages for agricultural
use in the California's central valley in the fourth quarter. "Even
though the overall U.S. economy is struggling, we are expecting
strong fertilizer revenue growth to continue in 2009 because of
both increased regional and national interest in our products and
because of a significant order backlog. GOLD'n GRO Guardian Deer
Repellent, Itronics' newest product, which is being introduced in
a sector where there has not been a good answer for the damage deer
do to landscaping, is expected to add significantly to the 2009
revenue increase," said Dr. John Whitney, President.
Silver revenues for the quarter increased
65 percent and for the year increased by 41 percent on a 40 percent
increase in ounces sold. Silver and other heavy metals are stripped
from liquid photowaste as part of Itronics environmentally beneficial
manufacture of award-winning, green fertilizers. Increased silver
ounce output is expected to produce a major increase in silver sales
in 2009.
Photo Services revenue for the quarter increased
by 396 percent due to the sale of a Photochemical Silver Concentrator.
A large increase in receipts of photoliquids for processing and
conversion to fertilizer is underway. Gallons of used photoliquids
received in the fourth quarter were up 19 percent compared to the
2007 fourth quarter. The increasing volume of used photoliquids
is expected to be more than adequate to support continued strong
growth of GOLD'n GRO liquid fertilizer sales.
Mining Technical Services sales increased
significantly for the full year. This division continues to advance
its web based InsideMetals.com Gold Producer Stocks information
portal: www.insidemetals.com. The recent strengthening of gold and
silver prices is expected to generate continued growth for this
division in 2009.
"Itronics is successfully implementing
its long term plan to use internally developed environmentally green
clean technology to produce excellent products and solid growth.
This focused approach to the use of creative new clean technology
has made the vertically integrated 'Beneficial Use Photochemical,
Silver, and Water Recycling' technology and the GOLD'n GRO brand
of environmentally friendly fertilizers a success," Dr. Whitney
said. "Exciting related technologies and products are being
developed for commercialization. The planned Stage 1 silver refinery
expansion will incorporate some of these and in so doing will expand
and strengthen the Company's core processing operations and improve
its ability to grow profitably."
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.
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:
Contact:
Paul Knopick
888-795-6336
Source: Itronics Inc.
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