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Press
Release Archives: 04/20/2006
Itronics
Reports 27.5% Increase in GOLD'n GRO Fertilizer Division
First Quarter 2006 Sales
RENO, Nev., April 20 /PRNewswire-FirstCall/ -- Itronics
Inc. (OTC Bulletin Board: ITRO; Frankfurt and Berlin
Stock Exchanges: ITG) reported today that first quarter
2006 GOLD'n GRO fertilizer division sales by its
subsidiary, Itronics Metallurgical, Inc., were $332,000
compared to $260,000 in the comparable quarter last
year, an increase of 27.5 percent. GOLD'n GRO liquid
fertilizer sales were $240,000, up 14 percent in the
first quarter despite a rainy early spring in central
California, a key sales territory. Silver sales were
$72,000, up 170 percent in the first quarter. Itronics
expects to report full financial results on May 15 when
it files its Form 10-QSB for the quarter ended March 31,
2006.
"The Company recently tripled silver recovery and
refining capacity and we expect silver sales to increase
accordingly, driven by growth in GOLD'n GRO liquid
fertilizer sales in 2006," said Dr. John Whitney,
Itronics President. "The previously adopted eight part
long term growth plan is being implemented and we are
beginning to see the anticipated positive results."
About Itronics
Itronics, through its subsidiary, Itronics
Metallurgical, Inc., is the only company in the world
with a "Beneficial Use Photochemical, Silver, and Water
Recycling" facility that extracts more than 99 percent
of the silver and virtually all the other toxic heavy
metals from used photoliquids and converts the resulting
liquids into environmentally beneficial, chelated,
multinutrient liquid fertilizer products sold under the
GOLD'n GRO trademark, 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 project planning and technical services to the
mining industry and operates the global Internet
Information Portal, http://www.insidemetals.com . Dr.
John Whitney, Itronics President, was selected as
Nevada's Inventor of the Year for 2000 and is a member
of the Inventor's Hall of Fame at the University of
Nevada, Reno. Itronics was one of five finalists for the
2001 Kirkpatrick Chemical Engineering Award, the most
prestigious worldwide award in chemical engineering
technologies. Itronics was awarded second place, Highly
Commended in the Environmental Technology category, at
the prestigious Institution of Chemical Engineers (IChemE)
2005 Worldwide Environmental Award ceremonies at the
Royal Courts of Justice in London, England in September
2005. Itronics was awarded the USA Gold Award at the
House of Commons in London in November 2005 as part of
the International Green Apple Environmental Awards
contest, one of the largest and most prestigious of its
kind in the world. Itronics' GOLD'n GRO fertilizer was
named one of the top 10 new technologies representing
the best of agricultural innovation by the Canadian
Association of Agri-Retailers in its December 2005
publication "Communicator."
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.)
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Source: Itronics Inc. |
