Itronics Lists Major 2009 Achievements; Projects Strong Growth Outlook for 2010
December 30 2009 - 9:00AM
Marketwired
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
Itronics (CE) (USOTC:ITRO)
Historical Stock Chart
From Sep 2024 to Oct 2024
Itronics (CE) (USOTC:ITRO)
Historical Stock Chart
From Oct 2023 to Oct 2024