|
Press
Release Archives: 06/06/2006
Itronics
Reports 50% Increase in GOLD'n GRO Fertilizer Division
Sales in First Two Months of Second Quarter 2006;
Fertilizer Sales up 39% for First Five Months of 2006;
Silver Sales Top $126,000
RENO, Nev., June 6 /PRNewswire-FirstCall/ -- Itronics
Inc. (OTC Bulletin Board: ITRO; Frankfurt and Berlin
Stock Exchanges: ITG) reported today that GOLD'n GRO
fertilizer division sales by its subsidiary, Itronics
Metallurgical, Inc. for the first two months of the
second quarter of 2006 were $491,000 compared to
$327,000 in the comparable two months in 2005, a 50
percent increase. Sales for the first five months of
2006 were $823,000 compared to $592,000 in the
comparable period last year, a 39 percent increase,
despite wet weather in 2006 in California, a key sales
territory. Itronics expects to report sales results for
the complete second quarter in mid-July and full
financial results for the second quarter on August 14
when it files its Second Quarter Form 10-QSB.
"GOLD'n GRO liquid fertilizer sales for the first two
months of the second quarter were $427,000, up 36
percent despite the rainy season in central California
not ending until mid-May. First five months GOLD'n GRO
sales were $667,000, a 26 percent increase compared to
last year," said Dr. John Whitney, Itronics President.
"GOLD'n GRO fertilizer sales continue to increase as the
planting season progresses. More distributor retail
stores are carrying the GOLD'n GRO fertilizers this year
and they are selling a broader range of GOLD'n GRO
fertilizers to an expanding customer base. Itronics
recently hired a Senior Agronomist who is joining the
sales team and will help with field trials. He will
begin key university studies to quantify improved
fertilizer effectiveness that is being demonstrated in
the field, which will further bolster sales," said Dr.
Whitney.
"Silver sales were $54,000, 54 times the first two
months sales from the prior year of $1,000. Silver sales
for the first five months were $126,000, up 355 percent,
reflecting the previously reported tripling of silver
recovery and refining capacity," said Dr. Whitney.
"Silver sales growth is expected to continue, driven by
increased GOLD'n GRO fertilizer sales and higher silver
prices."
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.)
--------------------------------------------------------------------------------
Source: Itronics Inc.
|
