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Release Archives: 07/23/2009
Itronics'
2009
First Half Revenues Increase 19 Percent to $2.3 Million; Silver
Sales up 144 Percent, GOLD'n GRO Fertilizer Sales up 8 Percent
Strong Growth
Being Driven by Environmentally Green Clean Technology
RENO, NV, Jul
23, 2009 (MARKETWIRE via COMTEX) -- Itronics Inc. (PINKSHEETS: ITRO)
(FRANKFURT: ITG) (BERLIN: ITG) reported today that total Revenues
for the first half of 2009 increased by 19 percent to $2.3 million
from $1.9 million in 2008. Revenue growth in the first half continued
to be driven by increases in silver, up 144 percent, and GOLD'n
GRO fertilizers, up 8 percent.
Unaudited Revenues
for the second quarter, and first half ended June 30, 2009, together
with comparative figures for 2008 are presented below:
"Half
year GOLD'n GRO liquid fertilizer revenue growth of 8 percent is
strong in a market where fertilizer sales have generally declined
this year," said Dr. John Whitney, Itronics President. "GOLD'n
GRO Guardian Deer Repellent, a unqiue product now being introduced,
which both repels the animals from eating valuable landscaping and
also fertilizes, is expected to add to the revenue increase in the
second half of 2009."
Silver revenues for the quarter increased 92 percent and for the
year increased by 144 percent on a 243 percent increase in ounces
sold. A combination of sale of on site inventories and improved
recovery technology is producing this growth.
Photo
Services revenues were flat for the first half and down by 21 percent
in the second quarter. Receipts of spent photoliquids were cut back
in the second quarter as photo liquid volumes have been exceeding
the quantities needed for GOLD'n GRO liquid fertilizer manufacturing.
Mining
Technical Services sales declined, but are expected to increase
in the second half as a result of new project work. This division
is working with outside investors to form a new gold and minerals
exploration company which will contract with the division for management
and technical services. The division is expected to receive a significant
equity ownership in the new company. Details will be announced in
a subsequent press release. This division continues to advance its
web based InsideMetals.com Gold Producer Stocks information portal:
www.insidemetals.com. The recent strengthening of gold, silver,
and base metal prices is generating increased interest in mining
companies and minerals projects.
Itronics,
through its subsidiary Itronics Metallurgical, is the inventor and
operator of award winning recycling technology that converts spent
photographic liquids into pure silver and GOLD'n GRO fertilizers.
Commercialization of this technology has created a "Green Consumer
Option" for photo and x-ray processors and "Green fertilizers"
for horticulture and agriculture. The fertilizers incorporate the
"essence" of green because of how they are sourced and
because of their excellent performance in the field.
About
Itronics
Headquartered
in Reno, Nevada, Itronics Inc. is a "Creative Clean Technology"
company that produces GOLD'n GRO liquid fertilizers and pure silver
bullion. Itronics, through its subsidiary, Itronics Metallurgical,
Inc. is the only company with a fully permitted "Beneficial
Use Photochemical, Silver, and Water Recycling" plant in the
United States that converts spent photoliquids into pure silver
and GOLD'n GRO liquid fertilizers. The Company is developing environmentally
compatible mining technology, provides project planning and technical
services to the gold mining industry, and operates the popular InsideMetals.com
web site, http://www.insidemetals.com, which provides a value-added
WORLD VIEW of Gold Producer Stocks, Mineral Producer Stocks, Junior
Gold Stocks, and Junior Mineral Stocks.
Itronics
has received numerous domestic and international awards that recognize
its ability to successfully create and implement new environmentally
clean recycling and fertilizer technologies. The Company's environmentally
friendly GOLD'n GRO liquid fertilizers, which are extensively used
in agriculture, can be used for lawns and houseplants, and are available,
along with 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.
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.)
Contact:
Paul Knopick
888-795-6336
SOURCE:
Itronics Inc.
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