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Press
Release Archives: 06/05/2002
Itronics'
GOLD'n GRO Fertilizer Sales Up 417 Percent in First
Five Months of 2002, Increase in Silver and Gold Prices
Benefits Itronics
RENO,
Nev.--(BUSINESS WIRE)--June 5, 2002--Itronics Inc. (ITRO
- news) today reported that GOLD'n GRO fertilizer sales
by its subsidiary, Itronics Metallurgical, Inc., increased
417 percent for the first five months of 2002 compared
to the same period last year. Sales were up 450 percent
in April and May.
The
Company also announced that strengthening gold and silver
markets worldwide are having a significant positive
benefit for Itronics and that ongoing trials of GOLD'n
GRO products in California and Colorado could yield
significant new markets for the Company.
"GOLD'n
GRO zinc, a chelated liquid zinc micronutrient that
we introduced last fall for the specialty agricultural
market, continues to gain significant market acceptance,"
said Dr. John Whitney, Itronics President. "We
have also completed an expansion at our Reno processing
plant that means increased manufacturing capacity and
more efficient tank truck loading."
Dr.
Whitney said that trials using GOLD'n GRO are being
conducted by a major university at peach orchards in
southwest Colorado, and in conjunction with the Company's
distributor network on table grapes, several turf farms,
and on golf courses in Southern California. The trials
could prove important for future marketing strategies.
"We're
pleased to see that gold and silver prices are increasing,
directly benefiting Itronics because we capture silver
from photowastes in our manufacturing process, and indirectly,
because of our investment in Golden Phoenix Minerals,
Inc. (GPXM - news), a Nevada gold, copper and silver
mining company. The fundamental change in market condition
for these precious metals also should benefit our wholly
owned mining technical services subsidiary, Whitney
& Whitney, Inc.," Dr. Whitney said.
Itronics
Metallurgical sells its high performance GOLD'n GRO
liquid fertilizer, which also can be used for lawns
and houseplants, and its popular Silver Nevada Miner
bars, a souvenir of the Silver State, through its shopping
cart catalog at the Company's Web site: http://www.itronics.com.
Itronics,
through its subsidiary, Itronics Metallurgical, Inc.,
is the only company in the world with the technology
to extract more than 99 percent of the silver and virtually
all the other toxic heavy metals from photowaste and
to convert the resulting liquid into environmentally
beneficial, chelated, multinutrient liquid fertilizer
products sold under the trademark GOLD'n GRO. Itronics
was one of five finalists for the 2001 Kirkpatrick Chemical
Engineering Award, the most prestigious worldwide award
in chemical engineering technology.
Itronics
Inc. is one of Nevada's leading process technology development
companies and a world leader in photochemical recycling.
Headquartered in Reno, Nevada, it specializes in recycling
technology development, photobyproduct recycling, silver
refining, and technical services for the mining and
recycling industries. 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.
VISIT
OUR WEB SITE: www.itronics.com
(The
statements in this news release that are not historical
facts or statements of current status are forward-looking
statements as defined in the Private Securities Litigation
Reform Act of 1995 that involve risk and uncertainties.
Actual results may differ materially.)
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