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Press Release
Archives: 07/01/2004
Itronics
Announces Sales of GOLD'n GRO Liquid Fertilizer Increased
77 Percent in Second Quarter and 90 Percent in First
Half of 2004
RENO,
Nev., July 1 /PRNewswire-FirstCall/ -- Itronics Inc.
(OTC Bulletin Board: ITRO; Frankfurt and Berlin Stock
Exchanges: ITG) reported today that second quarter GOLD'n
GRO liquid fertilizer sales by its subsidiary, Itronics
Metallurgical, Inc., totaled approximately $477,000,
a 77 percent increase compared to the same quarter in
2003. First half GOLD'n GRO sales totaled approximately
$706,000, a 90 percent increase over the first six months
of 2003. The fertilizer sales in the first half of 2004
are 27 percent higher than GOLD'n GRO sales during the
entire year of 2003.
"Continued
mild weather in the western U.S. in the second quarter
and expanding demand for the very effective GOLD'n GRO
products combined to produce the large increase in sales,"
said Dr. John W. Whitney, Itronics President. "An
increase in the number of GOLD'n GRO products being
sold in bulk, and an increase in the number of distributor
stores selling GOLD'n GRO, also continues to drive the
sales expansion."
"During
the quarter Itronics Metallurgical moved its most experienced
sales agronomist to Walla Walla, Washington to begin
sales development with the distributor network in Oregon,
Washington, and Idaho," Dr. Whitney said. "The
GOLD'n GRO product registrations are underway in those
states and are expected to be completed during the third
quarter. This expansion of the distributor sales program
is expected to lead to further sales increases in 2005
and beyond."
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 used photoliquids
and to use this "Beneficial Use Photochemical,
Silver, and Water Recycling" technology to convert
the resulting liquids into environmentally beneficial,
chelated, multinutrient liquid fertilizer products sold
under the trademark GOLD'n GRO, and 5 troy ounce, 0.999
pure, Silver Nevada Miner numismatic bars. The environmentally
friendly liquid fertilizers, which can be used for lawns
and houseplants, and the popular Silver Nevada Miner
bars are available at the Company's 'e-store' catalog
at http://www.itronics.com.
Headquartered
in Reno, Nevada, Itronics Inc. is Nevada's leading "Beneficial
Use Recycling" technology 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: 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.)
Source: Itronics Inc.
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