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Press
Release Archives: 10/05/04
Itronics
Sales of GOLD'n GRO Liquid Fertilizer Double in the
First Nine Months, Third Quarter Sales Nearly Triple
RENO, Nev., Oct. 5 /PRNewswire-FirstCall/ -- Itronics
Inc. (OTC Bulletin Board: ITRO; Frankfurt and Berlin
Stock Exchanges: ITG) reported today that GOLD'n GRO
sales by its subsidiary, Itronics Metallurgical, Inc.,
for the first nine months of 2004 totaled approximately
$858,000, a 103 percent increase over the prior year's
first nine months. Third quarter GOLD'n GRO liquid
fertilizer sales totaled approximately $152,000, a 194
percent increase over the third quarter of 2003. GOLD'n
GRO sales for the first nine months are 55 percent
higher than all of 2003.
"An expanded
product line, on-going field trials to develop new crop
applications for GOLD'n GRO liquid fertilizers, and an
increase in the number of distributor stores selling
GOLD'n GRO combined to produce the large increase in
sales," said Dr. John Whitney, Itronics President.
"During the third quarter Itronics Metallurgical
continued its program of field trials to evaluate the
effectiveness of GOLD'n GRO products in both soil and
foliar applications," Dr. Whitney said. "GOLD'n GRO,
soil applied, produced a 10 percent increase in the
yield of peppers in one trial, and in another trial
strawberry production was improved. GOLD'n GRO, applied
by foliar spray, is increasing the yield and nutritional
content of alfalfa and, on sileage corn foliar
applications, is increasing the height of the corn
stalks. We are very pleased with the progress."
The Company also said that a field study was conducted
at a location with known saline soil on the west side of
the Central Valley in California to determine whether
the GOLD'n GRO base liquid could be used in a growers'
fertilizer program to modify the soil structure and
achieve a reduction in soil salt content. The trial
produced positive results with one application reducing
the salt content by 19 percent, reducing boron content
by more than 30 percent, and at the same time
significantly increasing the availability of soil
nutrients.
More than a dozen field trials were conducted in
California, Idaho, Oregon, and Washington this year.
Some trials were intended to demonstrate the
effectiveness of GOLD'n GRO liquid fertilizers on
different crops where the fertilizers are not presently
being used. In addition, now that the effectiveness has
been demonstrated on numerous crops, new trials are
under way which are intended to develop crop specific
nutrient programs to achieve specified fertility
objectives for each type of crop. "This ability to
develop and recommend specific nutrient programs gives
the Company a vital competitive edge to support
continued sales growth increases in 2005 and beyond,"
Dr. Whitney said.
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://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 Nevada's
leading "Beneficial Use Recycling" company and a world
leader in photochemical recycling. The Company also
provides project planning and technical services to the
mining industry. 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 worldwide award in chemical
engineering technologies.
VISIT OUR WEB SITE: http://www.itronics.com
(Statements in this press release may constitute
forward-looking statements and are subject to numerous
risks and uncertainties, including the failure to
complete successfully the development of new or enhanced
products, the Company's future capital needs, the lack
of market demand for any new or enhanced products the
Company may develop, any actions by the Company's
partners that may be adverse to the Company, the success
of competitive products, other economic factors
affecting the Company and its markets, and other risks
detailed from time to time in the Company's filings with
the Securities and Exchange Commission. The actual
results may differ materially from those contained in
this press release. The Company disclaims any obligation
to update any statements in this press release.)
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Source: Itronics Inc. |
