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Press
Release Archives: 04/24/2007
Itronics
Reports 60% Increase in GOLD'n GRO Fertilizer Division
First Quarter 2007 Sales
RENO, Nev., April 24 /PRNewswire-FirstCall/ -- Itronics
Inc. (OTC Bulletin Board: ITRO; Frankfurt and Berlin
Stock Exchanges: ITG) reported today that first quarter
2007 GOLD'n GRO fertilizer division sales by its
subsidiary, Itronics Metallurgical, Inc., were $531,000
compared to $332,000 in the comparable quarter last
year, an increase of 60 percent. GOLD'n GRO liquid
fertilizer sales were $417,055, up 74 percent in the
first quarter.
Silver sales were $68,847, down 5 percent in the first
quarter due to a delay to mid-March in getting the new
air purification system operational. Photochemical
services sales were $45,332, up 131 percent over the
prior year's first quarter.
Itronics also reported that late in the first quarter it
received $344,291 in cash and stock in a publicly traded
company in exchange for its member interest in its
workers compensation carrier. This amount will be
reported as a gain in the first quarter of 2007 and will
reduce the Company's net loss. Itronics expects to
report full financial results for the first quarter on
May 15 when it files its First Quarter Form 10-QSB.
"The Company recently completed the start up of its new
air purification system for the refinery and we expect
the increase in silver sales to resume, driven by growth
in GOLD'n GRO liquid fertilizer sales in 2007," said Dr.
John Whitney, Itronics President. "The Company is
continuing to develop new sources of used photochemicals
that are converted to make GOLD'n GRO fertilizers.
On-going sales growth is demonstrating successful
implementation of the Company's eight part long term
growth plan."
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 project planning and technical services to the
gold mining industry and operates a global Gold
Producing Stocks web site, http://www.insidemetals.com .
Itronics has received numerous domestic and
international awards that recognize its ability to
successfully create and implement new 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.)
Contact: Paul Knopick
888-795-6336
Source: Itronics Inc. |
