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Press Release
Archives: 12/30/2009
Itronics
Lists
Major 2009 Achievements; Projects Strong Growth Outlook for 2010
Environmentally Green Silver and Fertilizer Technology
Drives Revenue Growth
RENO, NV, Dec
30, 2009 (MARKETWIRE via COMTEX) -- Itronics Inc. (PINKSHEETS: ITRO)
(FRANKFURT: ITG) (BERLIN: ITG) today announced that it is focusing
on even stronger growth in 2010 as it identified its major accomplishments
for 2009:
-- Increased
2009 nine month total revenues by 10 percent.
-- Increased
2009 nine month silver revenues by 101 percent.
-- Projects
4th quarter 2009 GOLD'n GRO fertilizer sales will increase by more
than 100 percent, making it the best 4th quarter for fertilizer
sales in Itronics' history.
-- Projects
2009 full year sales will increase by about 10 percent, the best
sales year in the Company's history.
-- Obtained
minimum funding needed to initiate the Stage 1 silver refinery expansion,
which is expected to increase refining capacity by 10 times with
no increase in refining costs. Completion targeted for early in
the second quarter 2010.
-- Obtained
funding for purchase of raw material inventories to support GOLD'n
GRO fertilizer manufacturing, leading to more than doubling fertilizer
sales in the fourth quarter.
-- Obtained
California registration for GOLD'n GRO Iron Man Z, a new chelated
liquid micro-nutrient fertilizer for the Turf & Ornamental segment
and for use on specialty crops. This new micronutrient fertilizer
will be introduced to the California market in 2010 and is expected
to contribute to expanding sales.
-- Expanded
and strengthened the management team by adding a Finance & Acquisitions
Director.
-- Participated
in formation of Auric Gold & Minerals (Auric), an affiliated
company established to acquire and develop polymetallic gold projects.
Helped Auric identify a suitable polymetallic gold property and
begin acquiring the mineral rights through a claim staking project.
"Itronics
is ending the year with strong growth in fertilizer sales and silver
sales and a beginning position in gold and hard mineral assets,"
said Dr. John Whitney, Itronics President. "With the Stage
1 silver expansion progressing and growing demand for the GOLD'n
GRO fertilizers, the foundation is in place to support a much larger
expansion of the Company's sales in 2010. With strong worldwide
demand for hard mineral and gold properties, Itronics is positioning
itself for substantial future mineral asset growth as well. It is
very exciting to the Company, its employees, and its shareholders
to be able to end the year with such a positive outlook."
About Itronics
Headquartered in Reno, Nevada, Itronics Inc. is
a "Creative Clean Technology" Company that produces GOLD'n
GRO liquid fertilizers and pure silver bullion. Itronics, through
its subsidiary, Itronics Metallurgical, Inc., is the only company
with a fully permitted "Beneficial Use photochemical, Silver,
and Water Recycling" plant in the United States that converts
spent photoliquids into pure silver and GOLD'n GRO liquid fertilizers.
The Company is developing environmentally compatible mining technology,
provides 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 clean recycling and fertilizer technologies.
The Company's environmentally friendly GOLD'n GRO
liquid fertilizers, which are extensively used in agriculture, can
be used for lawns and houseplants, and are available, along with
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.
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.
Agriculture:Equipment and Supplies
Agriculture:Farming
Manufacturing and Production:Mining and Metals
Environment:Natural Resource Management
Lifestyle and Leisure:Home and Garden
Chemicals:Specialty Chemicals
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