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News and Information Article
RENO, Nev., July 11 /-FirstCall/ -- Itronics Inc. (OTC
Bulletin Board: ITRO; Frankfurt and Berlin Stock Exchanges: ITG) reported
today that second quarter 2006 GOLDn GRO fertilizer division sales by its
subsidiary, Itronics Metallurgical, Inc., were $767,000 compared to
$524,000 in the comparable quarter last year, an increase of 46 percent.
Second quarter GOLDn GRO liquid fertilizer sales were $660,100, up 36
percent. Second quarter silver sales were $88,400, up 362 percent compared
to the same period in 2005.
First half GOLDn GRO fertilizer division sales were $1.1 million
compared to $784,000 in the comparable period last year, an increase of 40
percent. Six month GOLDn GRO liquid fertilizer sales were $900,200, up 29
percent. First half silver sales were $160,700, up 250 percent compared to
2005. Itronics expects to report full financial results for the second
quarter on August 14 when it files its Second Quarter Form 10-QSB with the
U.S. Securities & Exchange Commission.
"The Company tripled silver recovery and refining capacity in the first
quarter and silver sales are increasing accordingly," said Dr. John
Whitney, Itronics President. "The second quarter and first half sales
increases demonstrate that our Companys eight-part long term growth plan,
announced in June 2005, is being successfully implemented."
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 Gold Producing
Stocks web site at http://www.insidemetals.com . Itronics was one of five
finalists for the 2001 Kirkpatrick Chemical Engineering Award, the most
prestigious worldwide award in chemical engineering technologies. The
Company 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 and the International
Green Hero award in 2006 for its leadership on environmental issues.
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." 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.
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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