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Press
Release Archives: 05/25/2005
Itronics
Reports Positive Gross Profit for 2004, Signs Up Two
Additional Distributors for Its GOLD'n GRO Liquid
Fertilizers
RENO, Nev.,
May 25 /PRNewswire-FirstCall/ -- Itronics Inc. (OTC
Bulletin Board: ITRO; Frankfurt and Berlin Stock
Exchanges: ITG) reported today that 2004 revenue totaled
$1.72 million, a 36 percent increase compared to 2003.
The Company achieved a positive gross profit for the
full year for the first time since it opened its
photochemical recycling plant in Stead, Nevada in 2000.
"The most significant among numerous positive
developments in 2004 was increasing sales for the
Company's GOLD'n GRO products by 84 percent to $1.02
million compared to $554,000 in 2003," said Dr. John W.
Whitney, Itronics President. "GOLD'n GRO sales will grow
significantly again in 2005 due to increased sales of
new products introduced in 2004 and the expansion of our
most popular products into Idaho, Oregon, Washington,
and seven northeastern states."
Itronics announced that its wholly-owned subsidiary,
Itronics Metallurgical, Inc., has signed two new
agreements for distribution of its GOLD'n GRO liquid
fertilizers to landscape construction and maintenance
contractors. One agreement is with a vendor in Las
Vegas, Nevada, and the other is with a company based in
New Jersey, where all GOLD'n GRO products are
registered, which distributes to landscape maintenance
contractors and professional lawn care contractors in
New Jersey and surrounding states.
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 Nevada's
leading "Beneficial Use Recycling" company and a world
leader in photochemical recycling. The Company also
provides project planning and technical services to the
mining industry. 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.
VISIT OUR WEB SITE: http://www.itronics.com
(Statements
in this press release may constitute forward-looking
statements and are subject to numerous risks and
uncertainties, including the failure to complete
successfully the development of new or enhanced
products, the Company's future capital needs, the lack
of market demand for any new or enhanced products the
Company may develop, any actions by the Company's
partners that may be adverse to the Company, the success
of competitive products, other economic factors
affecting the Company and its markets, and other risks
detailed from time to time in the Company's filings with
the Securities and Exchange Commission. The actual
results may differ materially from those contained in
this press release. The Company disclaims any obligation
to update any statements in this press release.)
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Source: Itronics Inc. |
