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Press Release
Archives: 11/05/2009
Itronics
2009
Nine Month Revenues Increase 10 Percent to $2.6 Million; Silver
Sales up 101 Percent
Strong Growth Being Driven by Environmentally
Green Clean Technology
RENO, NV, Nov 05, 2009 (MARKETWIRE via COMTEX)
-- Itronics Inc. (PINKSHEETS: ITRO) (FRANKFURT: ITG) (BERLIN: ITG)
reported today that its total revenues for the first nine months
of 2009 increased by 10 percent to $2.6 million from $2.4 million
in 2008. Revenue growth in the first nine months continued to be
driven by increases in silver, up 101 percent, and GOLD'n GRO fertilizers,
up 3 percent.
Unaudited revenues for the third quarter, and first nine months
ended September 30, 2009 together with comparative figures for 2008
are presented below:
"Our
nine month GOLD'n GRO liquid fertilizer revenue growth is strong
in a market where fertilizer sales for most fertilizer companies
have sharply declined," said Dr. John Whitney, Itronics President.
"The Company recently announced that orders on hand in October
were 33 percent greater than 2008 total fourth quarter sales. This
is a solid indication of continuing growth for GOLD'n GRO fertilizer
sales."
Silver
revenues for the first 9 months increased 101 percent on a 136 percent
increase in ounces sold. Full year 2009 sales are now expected to
be up about 60 percent over 2008, with fourth quarter 2009 sales
approximately equaling fourth quarter 2008 sales. A combination
of sale of on site silver inventories and improved recovery technology
is producing this growth.
Photo Services revenues were down 12 percent
in the first 9 months because receipt of spent photoliquids was
cut back in the second quarter. Photoliquid volumes are still exceeding
the quantities needed for GOLD'n GRO liquid fertilizer manufacturing.
Whitney & Whitney Mining Technical Services
sales declined in the third quarter and first nine months. This
division is working with outside investors and has formed a new
gold and mineral company called Auric Gold & Minerals, Inc.
(Auric), majority owned by Whitney & Whitney, which is currently
assisting Auric with the acquisition of a polymetallic gold project
in Nevada. Auric is contracting with Whitney & Whitney for management
and technical services.
Whitney & Whitney continues to advance
its web based InsideMetals.com Gold Producer Stocks information
portal: www.insidemetals.com. The recent strengthening of gold,
silver, and base metal prices is generating increased interest in
mining companies and mineral projects.
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
Chemicals: Specialty Chemicals
Manufacturing and Production: Mining and Metals
Lifestyle and Leisure: Home and Garden
Environment: Natural Resource Management |
