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Press
Release Archives: 09/10/2002
Itronics'
GOLD'n GRO Fertilizer Sales Up 316 Percent for the First
Eight Months of 2002 -- Photochemical Service Revenues
Expected To Increase 100 Percent In Third Quarter
RENO,
Nev.--(BUSINESS WIRE)--Sept. 10, 2002--Itronics Inc.
(ITRO - news) today reported that GOLD'n GRO fertilizer
sales by its subsidiary, Itronics Metallurgical, Inc.,
increased 316 percent in the first eight months of 2002
compared to the same period last year. The successful
delivery of five vacuum water recovery units under a
Department of Defense contract during the third quarter
will increase photochemical service revenues, which
includes the sale of these recovery units, by more than
100 percent compared to the third quarter in 2001.
"GOLD'n
GRO sales continued to grow in August, typically a slow
month for fertilizer sales. Excellent positive feedback
is being received from our broadened GOLD'n GRO customer
base and our distribution network anticipates that GOLD'n
GRO sales will continue to rapidly expand," said
Dr. Whitney.
"Fertilizer
sales are now reaching a level that will begin to drive
expansion of photochemical services, which include collection
of photochemical concentrates and the sale of vacuum
water recovery units, and silver sales, which include
silver recovery from photochemical concentrates and
silver refining. As this growth continues, total sales
are expected to continue expanding in a meaningful way,"
Dr. Whitney emphasized.
The
delivery of five vacuum water recovery units to the
Department of Defense in August continues to expand
the Company's "Beneficial Use Photochemical and
Water Recycling" service and provides nationwide
sourcing of photochemical concentrates for use in manufacturing
GOLD'n GRO liquid fertilizer products. Customers using
this technology under a licensing and manufacturing
agreement with Itronics Metallurgical will be able to
recover and recycle 80 percent of the water used in
photochemical processing. Itronics Metallurgical will
be able to collect the photochemical concentrates for
use as raw materials in GOLD'n GRO fertilizer manufacturing.
Our customers will be able to completely discontinue
the discharge of liquid photochemical waste into the
local sewer system.
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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