|
Press Release
Archives: 11/03/2009
Itronics
Obtains
GOLD'n GRO Fertilizer Inventory Funding
Strong Growth Being Driven by Environmentally
Green Fertilizer Technology
RENO,
NV, Nov 03, 2009 (MARKETWIRE via COMTEX) -- Itronics Inc. (PINKSHEETS:
ITRO) (FRANKFURT: ITG) (BERLIN: ITG) reported today that its subsidiary,
Itronics Metallurgical, Inc., has obtained funding needed to expand
fertilizer ingredient inventories during the 2009 fall fertilizer
season.
In
a press release issued October 27, 2009, Itronics Metallurgical,
Inc. reported that October GOLD'n GRO fertilizer orders now exceed
total sales in the fourth quarter 2008 by 33 percent. Today Itronics
Metallurgical is announcing that it has obtained a short term loan
to fund the purchase of fertilizer ingredients needed to fill the
sharp increase in orders.
"Receipt of funding to purchase raw material
ingredients makes it possible to shorten the time between receipt
of order and delivery of the finished GOLD'n GRO fertilizers,"
said Dr. John Whitney, President. "This year the fall season
is very short, but is expected to continue into mid December in
California, which has had some rain recently. This funding is excellent
news for the Company and its investors."
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
Lifestyle and Leisure: Home and Garden
Environment: Natural Resource Management
Chemicals: Specialty Chemicals |
