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Press
Release Archives: 07/11/2006
Itronics
Reports 46% Increase in GOLD'n GRO Fertilizer Division
Sales in Second Quarter; 40% Increase for First Six
Months
RENO, Nev., July 11 /PRNewswire-FirstCall/ -- Itronics
Inc. (OTC Bulletin Board: ITRO; Frankfurt and Berlin
Stock Exchanges: ITG) reported today that second quarter
2006 GOLD'n GRO fertilizer division sales by its
subsidiary, Itronics Metallurgical, Inc., were $767,000
compared to $524,000 in the comparable quarter last
year, an increase of 46 percent. Second quarter GOLD'n
GRO liquid fertilizer sales were $660,100, up 36
percent. Second quarter silver sales were $88,400, up
362 percent compared to the same period in 2005.
First half GOLD'n GRO fertilizer division sales were
$1.1 million compared to $784,000 in the comparable
period last year, an increase of 40 percent. Six month
GOLD'n GRO liquid fertilizer sales were $900,200, up 29
percent. First half silver sales were $160,700, up 250
percent compared to 2005. Itronics expects to report
full financial results for the second quarter on August
14 when it files its Second Quarter Form 10-QSB with the
U.S. Securities & Exchange Commission.
"The Company tripled silver recovery and refining
capacity in the first quarter and silver sales are
increasing accordingly," said Dr. John Whitney, Itronics
President. "The second quarter and first half sales
increases demonstrate that our Company's eight-part long
term growth plan, announced in June 2005, is being
successfully implemented."
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 Gold Producing
Stocks web site at http://www.insidemetals.com .
Itronics was one of five finalists for the 2001
Kirkpatrick Chemical Engineering Award, the most
prestigious worldwide award in chemical engineering
technologies. The Company 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 and the
International Green Hero award in 2006 for its
leadership on environmental issues. 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." 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: 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.
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Source: Itronics Inc. |
