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News and Information Article
RENO, Nev., April 20 /-FirstCall/ -- Itronics Inc. (OTC
Bulletin Board: ITRO; Frankfurt and Berlin Stock Exchanges: ITG) reported
today that first quarter 2006 GOLDn GRO fertilizer division sales by its
subsidiary, Itronics Metallurgical, Inc., were $332,000 compared to
$260,000 in the comparable quarter last year, an increase of 27.5 percent.
GOLDn GRO liquid fertilizer sales were $240,000, up 14 percent in the
first quarter despite a rainy early spring in central California, a key
sales territory. Silver sales were $72,000, up 170 percent in the first
quarter. Itronics expects to report full financial results on May 15 when
it files its Form 10-QSB for the quarter ended March 31, 2006.
"The Company recently tripled silver recovery and refining capacity and
we expect silver sales to increase accordingly, driven by growth in GOLDn
GRO liquid fertilizer sales in 2006," said Dr. John Whitney, Itronics
President. "The previously adopted eight part long term growth plan is
being implemented and we are beginning to see the anticipated positive
results."
About Itronics
Itronics, through its subsidiary, Itronics Metallurgical, Inc., is the
only company in the world with a "Beneficial Use Photochemical, Silver, and
Water Recycling" facility that extracts more than 99 percent of the silver
and virtually all the other toxic heavy metals from used photoliquids and
converts the resulting liquids into environmentally beneficial, chelated,
multinutrient liquid fertilizer products sold under the GOLDn GRO
trademark, and 5 troy ounce, 0.999 pure, Silver Nevada Miner numismatic
bars. The environmentally friendly liquid fertilizers can be used for lawns
and houseplants, and are available, along with GOLDn GRO liquid fertilizer
injectors, at the Companys "e-store" catalog at http://goldngro.com . The
popular Silver Nevada Miner bars are available at the Companys e-store
catalog at http://www.itromet.com .
Headquartered in Reno, Nevada, Itronics Inc. is a "Creative
Environmental Technology" company and a world leader in photochemical
recycling. The Company also provides project planning and technical
services to the mining industry and operates the global Internet
Information Portal, http://www.insidemetals.com . Dr. John Whitney,
Itronics President, was selected as Nevadas Inventor of the Year for 2000
and is a member of the Inventors Hall of Fame at the University of Nevada,
Reno. Itronics was one of five finalists for the 2001 Kirkpatrick Chemical
Engineering Award, the most prestigious worldwide award in chemical
engineering technologies. Itronics was awarded second place, Highly
Commended in the Environmental Technology category, at the prestigious
Institution of Chemical Engineers (IChemE) 2005 Worldwide Environmental
Award ceremonies at the Royal Courts of Justice in London, England in
September 2005. Itronics was awarded the USA Gold Award at the House of
Commons in London in November 2005 as part of the International Green Apple
Environmental Awards contest, one of the largest and most prestigious of
its kind in the world. Itronics GOLDn GRO fertilizer was named one of the
top 10 new technologies representing the best of agricultural innovation by
the Canadian Association of Agri-Retailers in its December 2005 publication
"Communicator."
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 Companys 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 Companys 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.)
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