| |
property for sale in paphos polis cyprus
News and Information Article
- Sales Could Double in 2007 to $4 Million -
RENO, Nev., Jan. 16 /-FirstCall/ -- Itronics Inc. (OTC
Bulletin Board: ITRO; Frankfurt and Berlin Stock Exchanges: ITG) reported
today that fourth quarter 2006 GOLDn GRO fertilizer division sales by its
subsidiary, Itronics Metallurgical, Inc., were $424,000, up 47 percent
compared to $289,000 in the comparable quarter last year. Fourth quarter
GOLDn GRO liquid fertilizer sales were $264,000, up 14 percent. Fourth
quarter silver sales climbed 235 percent to $121,000. Fourth quarter
photoservice sales were $39,600, up 81 percent. Itronics will report
complete financial results in its 2006 Form 10-KSB which is due to be filed
by March 31, 2007.
"Itronics expects to report a positive gross profit for the GOLDn GRO
fertilizer segment for the full year 2006, an historical first for our
Company," said Dr. John Whitney, Itronics President. "Our fertilizer
division sales for the full year were $1.818 million, up 39 percent from
the previous year, while GOLDn GRO liquid fertilizer sales were up 27
percent to $1.31 million and silver sales increased 177 percent to
$408,000. Our photoservice sales were $100,000 compared to $124,000, a 22
percent increase over 2005 service revenues after adjusting for $42,000 in
one time distillation machine sales last year.
"GOLDn GRO liquid fertilizer sales increased due to increased prices
and a shift in product mix, with an increase in sales of the chelated
micronutrient metal products which have higher unit values than the GOLDn
GRO multinutrient blends," said Dr. Whitney. "Sales of the GOLDn GRO
chelated micronutrient metal products are expected to increase again in
2007 based on a continuing shift in the mix of products being sold. The
Company is anticipating that sales of two new chelated metal products,
GOLDn GRO 11-0-0+5% Calcium and GOLDn GRO 8-0-0+3% Magnesium will begin
to contribute to sales in 2007.
"The two new photoservice contracts signed in September and October
2006 are now generating services income and increased volumes of silver
bearing photoliquids for processing and subsequent use in GOLDn GRO liquid
fertilizers," said Dr. Whitney. "These new photoservice contracts are
expected to produce up to a three times increase in photoservice revenues
and a doubling in silver sales in 2007."
In summary, Itronics expects that total sales could double in 2007 to
about $4 million. This continued sales growth is expected to improve
profitability in 2007.
During the fourth quarter two important facility expansion projects
were completed. The Company completed installation of the foundation and
containment for the new tank truck load out module designed to contain
three 11,500 gallon tanks for an installed capacity of 50,000 gallons. This
is enough capacity to fill 10 tank trucks. When complete the Company will
have tripled its tank truck loading capacity. The Company is working to
acquire the necessary funding to complete this installation early in the
second quarter.
The Company completed installation of an air purification system for
the refinery that will make it possible to double silver output again in
2007.
During the fourth quarter development work continued on two important
expansion projects. A stable formulation of the GOLDn GRO Guardian deer
repellent fertilizer was completed. This makes it possible to start the
multi-step U.S. Environmental Protection Agency registration process. The
Companys business goal is to have U.S. EPA registration completed in a
year so that sales can begin in the first quarter of 2008.
Development work on the new iron-zinc-silver concentrate leaching
process continued. The process will consist of two steps: (1) iron-zinc
metal removal, and (2) sulfur removal. Both steps have now been
demonstrated in the laboratory and work to define pilot plant operating
parameters is on-going. The process produces an iron-zinc base liquid and a
sulfur-bearing base liquid for use in manufacturing GOLDn GRO liquid
chelated micronutrient metal fertilizers. Production of these new base
liquids will stabilize the cost of these raw materials. The process is also
expected to cut silver refining costs in half, while doubling throughput
capacity. The Companys goal is to establish pilot plant operations in 2007
that will lead to commercial scale operation in 2008. This development path
is expected to make it possible to double silver output again in 2008.
"The fourth quarter and full year sales increases and continuation and
completion of on-going expansion projects demonstrate that our eight-part
long term growth plan, announced in June 2005, is being successfully
implemented," said Dr. Whitney.
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 gold mining industry and operates the global Gold Producing
Stocks web site http://www.insidemetals.com . Itronics has received
numerous prestigious domestic and international environmental awards that
recognize its ability to successfully create and implement new recycling
and fertilizer technologies.
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.)
Contact: Paul Knopick
888-795-6336
s.server=server()
s.channel="News Release"
s.pageName="Itronics Reports 47 Percent Increase in GOLDn GRO Fertilizer Division Fourth Quarter Sales; Increase of 39 Percent in 2006"
s.prop2="109"
s.prop3="01-16-2007"
s.prop4=""
s.prop5=""
/************* DO NOT ALTER ANYTHING BELOW THIS LINE ! **************/
var s_code=s.t();if(s_code)document.write(s_code);
| |
|
|
 |
property for sale in paphos polis cyprus |
|
|
|
|
|
|
|
|
|
Locations
