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Release Archives: 04/07/2009
Itronics
2009 First Quarter Revenues Increase 33 Percent; Silver Sales Up
181 Percent; Green Pays Dividends for Reno Fertilizer Company
RENO, NV--(MARKET WIRE)--Apr 7, 2009 -- Itronics
Inc. (OTC BB:ITRO.OB - News) (Frankfurt:ITG.F - News) (Berlin:ITG.BE
- News), inventor and operator of award winning recycling technology
that converts spent photographic liquids into pure silver and GOLD'n
GRO fertilizers, creating a "Green Consumer Option" for
photo and x-ray processors, reported today that its total revenues
for the first quarter 2009 increased by 33 percent to $872,000 from
$653,000 in 2008. Silver revenues increased by 181 percent to $329,000
from $117,000 in 2008.
Unaudited revenues for the first quarter ended
March 31, 2009 together with comparative figures for the 2008 first
quarter are presented below:
04/07/2009
First quarter GOLD'n GRO liquid fertilizer
revenue growth of 8 percent was capped by severe water shortages
for agricultural use in the California's central valley in the first
quarter. "Even though the overall U.S. economy is struggling,
we are expecting strong 2009 fertilizer revenue growth to be driven
by sales of GOLD'n GRO Guardian Deer Repellent, the only product
that is systemic and which both repels deer and fertilizes in combination
with GOLD'n GRO fertilizer. The repellent does no harm to the deer,"
said Dr. John Whitney, Itronics President.
Silver revenues for the quarter increased
181 percent on a 324 percent increase in ounces sold. Improved silver
extraction technologies are expected to increase silver available
for sale by more than 200 percent for the full year. Silver and
other non-nutrient metals are stripped from the liquid photowaste
as part of Itronics' environmentally beneficial manufacture of award-winning
green fertilizers.
Photo Services revenue for the quarter increased
by 17 percent due to a large increase in receipts of spent photoliquids
for processing and conversion to fertilizer. Gallons of spent photoliquids
received in the first quarter were up 28 percent compared to the
2008 first quarter. The increasing volume of spent photoliquids
is expected to be more than adequate to support continued strong
growth of GOLD'n GRO liquid fertilizer sales.
Mining Technical Services sales declined in
the first quarter due to a decrease in consulting. 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' ongoing implementation of its 5-year
plan to put internally developed environmentally green clean technology
into commercial use is producing solid profitable growth. This focused
approach to the development and 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. Itronics'
revolutionary technologies create a cost-effective "Green Consumer
Option" for photo and x-ray processors that continue to use
silver halide photo technologies to make prints and x-rays, and
an economical "Green Fertilizer Option" for farmers and
consumers.
About Itronics
Headquartered in Reno, Nevada, Itronics Inc.
is a "Creative Clean Technology" Company that produces
GOLD'n GRO liquid fertilizers and pure silver bullion. 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 spent photoliquids into pure silver and GOLD'n GRO liquid
fertilizers. The Company has established and is now commercializing
a pipeline of integrated recycling technologies and environmentally
compatible silver/gold mining technologies. It also 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:
Paul Knopick
888-795-6336
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