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Press
Release Archives: 09/07/2006
Itronics
Reports 89% Increase in GOLD'n GRO Fertilizer Sales;
200% Increase in Silver Sales as Third Quarter
Progresses
RENO, Nev., Sept. 7 /PRNewswire-FirstCall/ -- Itronics
Inc. (OTC Bulletin Board: ITRO; Frankfurt and Berlin
Stock Exchanges: ITG) reported today that GOLD'n GRO
fertilizer sales by its subsidiary, Itronics
Metallurgical, Inc., for the first two months of the
third quarter in 2006 were up 89 percent compared to the
same two months last year. Silver sales for this period
in 2006 were up 200 percent compared to 2005. Itronics
expects to report sales results for the complete third
quarter in mid-October and full financial results for
the third quarter on November 14 when it files its Form
10-QSB with the U.S. Securities & Exchange Commission.
"GOLD'n GRO liquid fertilizer sales for the first two
months of the third quarter were $131,000, compared to
$69,200 in the comparable two months last year, an
increase of 89 percent. For the eight months to date in
the fiscal year, fertilizer sales were $1.031 million
compared to $765,900 in 2005, an increase of 35 percent.
The eight month sales increase was achieved in spite of
significant rainfall in northern and central California
which hampered the spring planting season in this key
sales area," said Dr. John Whitney, Itronics President.
Itronics Metallurgical is continuing geographic
expansion of GOLD'n GRO fertilizer sales. Late in the
second quarter the Company made its first sale to a
distributor in northern Mexico. Early in the third
quarter the Company completed registration of several
GOLD'n GRO fertilizers in Utah where it is working with
a distributor and the Company has a new distributor in
southern Nevada that is successfully establishing sales
in the Landscape Maintenance market.
"In early August the Company initiated University
studies that will be conducted over the next 12 months
to quantify GOLD'n GRO fertilizer effectiveness," said
Dr. Whitney. "Our Senior Agronomist is supervising this
work as well as field trials that are underway in the
Central Valley in California. We expect that the
information developed by these studies will provide
significant data to support our sales efforts as we
continue to expand into new areas."
"Silver sales for the first two months of the third
quarter were $87,500, compared to $29,100 in 2005, up
200 percent, and for the first eight months to date were
$248,200 compared to $75,000 last year, an increase of
231 percent. The increase reflects the previously
reported tripling of silver recovery and refining
capacity and higher silver prices," said Dr. Whitney.
"Silver sales growth is expected to continue, driven by
increased GOLD'n GRO fertilizer sales and higher silver
prices."
"Our sales increases, geographic expansion of sales, and
new University studies of fertilizer effectiveness are
all part of on-going implementation of Itronics'
eight-part, five year business plan summarized in a
press release on June 3, 2005," Itronics President
stressed.
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://www.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, 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.
Itronics 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.
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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. |
