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Press
Release Archives: 10/04/2007
Itronics
Reports 82% Increase in GOLD'n GRO Fertilizer Division
Third Quarter 2007 Sales; 37% Increase For First Nine
Months
RENO, Nev., Oct. 4 /PRNewswire-FirstCall/ -- Itronics
Inc. (OTC Bulletin Board: ITRO; Frankfurt and Berlin
Stock Exchanges: ITG) reported today that third quarter
2007 GOLD'n GRO fertilizer division sales by its
subsidiary, Itronics Metallurgical, Inc., were $535,000
compared to $295,000 in the comparable quarter last
year, an increase of 82 percent. Third quarter GOLD'n
GRO liquid fertilizer sales were $242,000, up 66
percent. Third quarter silver sales were $87,000, down
31 percent. Third quarter Photo Services sales were
$206,000, up 799 percent.
For the first nine months of 2007, GOLD'n GRO fertilizer
division sales were $1.914 million compared to $1.393
million in the comparable period last year, an increase
of 37 percent. GOLD'n GRO liquid fertilizer sales were
$1.411 million, up 35 percent during this period. Silver
sales were $208,000, down 27 percent, and Photo Services
sales were $294,000, up 385 percent. Itronics expects to
report full financial results for the third quarter on
November 14 when it files its Third Quarter Form 10-QSB.
"Third quarter GOLD'n GRO liquid fertilizer sales
increased due to an expanded customer base," said Dr.
John Whitney, Itronics President. "Sales of silver were
down due to external electrical supply problems that
were previously announced and which are being addressed
and Photo Services sales were up due to a combination of
selling a photochemical silver concentrator and
photochemical silver concentrator replacement parts and
a 312 percent increase in silver-bearing photochemical
gallons received."
"The third quarter and first nine month sales increases
demonstrate that Itronics eight part long term growth
plan, announced in June 2005, continues to be
successfully implemented," Dr. Whitney said.
About Itronics
Itronics, through its subsidiary, Itronics
Metallurgical, Inc., is the only company in the world
with a fully permitted "Beneficial Use Photochemical,
Silver, and Water Recycling" plant located in the United
States which can convert used photoliquids into pure
silver and liquid fertilizers. At the Company's Reno,
Nevada factory more than 99 percent of the silver and
virtually all the other toxic heavy metals are extracted
from used photoliquids. The purified liquids are
converted into environmentally beneficial, chelated,
micronutrient and multinutrient liquid fertilizers sold
under the GOLD'n GRO trademark. The silver is refined
and sold as bullion 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 a
"Creative Environmental Technology" company and a world
leader in photochemical recycling. The Company also
provides environmentally compatible mining technology
development, 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 compatible recycling and fertilizer
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.)
Contact: Paul Knopick
888-795-6336
Source: Itronics Inc. |
