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Release Archives: 08/10/2010
Itronics
2010 Second Quarter Revenues Are Second Best Quarter in Company
History
Silver Sales Up; Fertilizer Sales Projected for Improvement With
Better California Weather
RENO,
NV--(Marketwire - 08/10/10) - Itronics Inc. (Pinksheets:ITRO - News)
reported today that silver revenues for the second quarter increased
24 percent, primarily due to higher prices of the commodity, compared
to the 2009 second quarter. Recently the Company announced that
it expects between a 50 percent and 100 percent increase in the
third quarter compared to the 2009 third quarter, depending upon
silver prices and the timing of silver settlements. Also, this expected
increase does not include a contribution from the Stage I refinery
expansion which is expected to be in start up mode in September.
The Company announced that 2010 second quarter
revenues are the second best quarter in the Company's history. Revenue
growth for fertilizer in the second quarter was affected by wet
soil conditions in California's central valley and coastal areas,
the Company's primary fertilizer market.
"This year the Company was able to fill
fertilizer orders on a timely basis during the spring season for
the first time since 2007. This was a real operational success.
GOLD'n GRO fertilizer sales for the third quarter are expected to
increase compared to the 2009 third quarter," said Dr. John
Whitney, Itronics President. "An expanded customer base is
expected to produce GOLD'n GRO fertilizer sales increases in the
second half of 2010."
Unaudited
revenues for the second quarter and first half ended June 30, 2010,
together with comparative figures for 2009, are presented below:
Headquartered in Reno, Nevada, Itronics is
a Cleantech Specialty Fertilizer and Silver Company that produces
the Award Winning 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 |
