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Press
Release Archives: 08/12/2002
Itronics
GOLD'n GRO Liquid Fertilizer Sales Up 329 Percent
RENO,
Nev.--(BUSINESS WIRE)--Aug. 12, 2002--Itronics Inc.
(ITRO - news) today announced that GOLD'n GRO fertilizer
sales by its subsidiary, Itronics Metallurgical, Inc.,
increased 329 percent in the first seven months of 2002
compared to the same period last year.
"We
have had a number of positive steps forward with our
products in recent weeks," said Dr. John Whitney,
Itronics President. "This includes the first truck
load delivery of our new product, GOLD'n GRO 6-12-9,
which is used in the nursery, turf and ornamental markets.
Because of its excellent performance, we are introducing
this product into our California distribution network
for specialty agriculture. More than half of July's
sales were in the turf and ornamental markets, demonstrating
both the quality of our product and the strength of
the marketing strategy that we are implementing."
Itronics
also reported that GOLD'n GRO Zinc, a chelated liquid
zinc micronutrient introduced in 2001 for the specialty
agricultural market, has been registered for bulk sale
in Idaho through its retail distribution network. Farmers
in southern Idaho grow significant amounts of potatoes,
sugar beets, alfalfa seed, bluegrass seed and hops.
Previously, all Itronics' products were registered for
sale in Arizona, California, Nevada and Hawaii.
"We
are especially pleased that in a field trial for table
grapes, our zinc product produced a five percent increase
in yield. Based on a $7.50 per acre increase in cost,
we produced a $325 per acre increase in production value.
There is a modest cost involved in using GOLD'n GRO,
but this is more than offset by the high monetary return
generated by even a small increase in crop yield,"
Dr. Whitney said. "We are confident that our field
trial and field use results are providing strong incentives
for growers to use our products."
Itronics
Metallurgical sells its earth friendly GOLD'n GRO liquid
fertilizer, which can also be used for lawns and houseplants,
and its popular Silver Nevada Miner bars, a souvenir
of the Silver State, through its shopping cart catalog
at the Company's Web site: http://www.itronics.com.
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 photowaste and
to convert the resulting liquid into environmentally
beneficial, chelated, multinutrient liquid fertilizer
products sold under the trademark GOLD'n GRO.
Itronics
Inc. is one of Nevada's leading process technology development
companies and a world leader in photochemical recycling.
Headquartered in Reno, Nevada, it specializes in recycling
technology development, photobyproduct recycling, silver
refining, and technical services for the mining and
recycling industries. 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 award in the chemical process
industries worldwide.
VISIT
OUR WEB SITE: www.itronics.com
The
statements in this news release that are not historical
facts or statements of current status are forward-looking
statements as defined in the Private Securities Litigation
Reform Act of 1995 that involve risk and uncertainties.
Actual results may differ materially.
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