Itronics' 2009 Silver and GOLD'n GRO Fertilizer Sales Start Strong, Driven by Environmentally Green Clean Technology
January 30 2009 - 5:00AM
Marketwired
Itronics Inc. (OTCBB: ITRO) (FRANKFURT: ITG) (BERLIN: ITG) reported
today that its wholly-owned subsidiary, Itronics Metallurgical,
Inc., is off to an excellent start for 2009 with GOLD'n GRO
fertilizer orders exceeding the same time period of 2008 and silver
sales expected to double first quarter 2008 figures.
"Itronics Metallurgical has entered into an interim silver
refining agreement to expand recovery while the planned Stage 1
silver refinery expansion is progressing. This will result in a
major increase in silver ounces recovered for sale in 2009," said
Dr. John Whitney, Itronics President. "GOLD'n GRO fertilizer sales
are also expected to continue their pattern of strong year over
year increases with the GOLD'n GRO Guardian Deer Repellent adding
to the sales growth."
Itronics is expecting that total sales could increase by 30
percent in the first quarter with the growth being driven by a
large increase in silver sales. Receipts of spent photographic
liquids for recycling into GOLD'n GRO fertilizers increased by 15
percent in the fourth quarter and that increase is continuing in
the first quarter, ensuring adequate supply for fertilizer
manufacturing. First quarter fertilizer sales, although strong so
far, may be affected by drought conditions in the California
market. GOLD'n GRO Guardian will be introduced to the landscape
maintenance companies in the Northeast United States during the
second quarter and is expected to make a major contribution to
on-going sales growth.
Itronics is successfully implementing its long-term plan to use
internally developed environmentally green clean technology to
produce solid growth. This focused approach to the use of creative
new clean technology to achieve solid growth has made the
vertically integrated "Beneficial Use Photochemical, Silver, and
Water Recycling" technology and the GOLD'n GRO brand of
environmentally friendly fertilizers a success. Exciting related
technologies and products are being developed for
commercialization. The planned Stage 1 silver refinery expansion
will incorporate some of these and in so doing will expand and
strengthen the Company's core processing operations and improve its
ability to grow profitably.
About Itronics
Headquartered in Reno, Nevada, Itronics Inc. is a "Creative
Clean Technology Growth Company." 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
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