|
Press
Release Archives: 08/02/2005
Itronics Reports
Second Quarter and Six-Month GOLD'n GRO Sales
RENO, Nev., Aug. 2 /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
$485,000, a 2 percent increase compared to the same
quarter in 2004. First half 2005 GOLD'n GRO sales
totaled approximately $700,000, a 1 percent decrease
from the first six months of 2004.
"We were able to maintain GOLD'n GRO sales levels in the
first half of 2005 despite one of the wettest winter and
spring seasons in 100 years in California, a major sales
area for Itronics," said Dr. John W. Whitney, Itronics
President. "June 2005 sales increased 94 percent
compared to the previous June, as growers rushed to get
the spring season fertilization completed. There also
was a small contribution in the second quarter from new
GOLD'n GRO sales in the northwestern states."
"With the improving weather, GOLD'n GRO sales growth is
expected to resume during the balance of the year," said
Dr. Whitney. "Our sales base is also continuing to
expand with many of our distributor network retail
outlets in Idaho, Oregon and Washington introducing the
cost effective, environmentally beneficial, liquid
GOLD'n GRO fertilizers to their grower customers."
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 Nevada's
leading "Beneficial Use Recycling" 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: 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. |
