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ITRONICS
REPORTS 82% INCREASE IN GOLD’n GRO FERTILIZER DIVISION THIRD QUARTER 2007
SALES; 37% INCREASE FOR FIRST NINE MONTHS
RENO, Nevada,
October 4, 2006 -- Itronics Inc. (OTC BB: ITRO; Frankfurt and Berlin Stock
Exchanges: ITG) reported today that third quarter 2007 GOLD'n GRO fertilizer
division sales by its subsidiary, Itronics Metallurgical, Inc., were $535,000
compared to $295,000 in the comparable quarter last year, an increase of 82
percent. Third quarter GOLD'n GRO liquid fertilizer sales were $242,000, up 66
percent. Third quarter silver sales were $87,000, down 31 percent. Third
quarter Photo Services sales were $206,000, up 799 percent.
For the first nine months
of 2007, GOLD'n GRO fertilizer division sales were $1.914 million compared to
$1.393 million in the comparable period last year, an increase of 37 percent.
GOLD'n GRO liquid fertilizer sales were $1.411 million, up 35 percent during
this period. Silver sales were $208,000, down 27 percent, and Photo Services
sales were $294,000, up 385 percent. Itronics expects to report full financial
results for the third quarter on November 14 when it files its Third Quarter
Form 10-QSB.
“Third quarter GOLD’n
GRO liquid fertilizer sales increased due to an expanded customer base,”
said Dr. John Whitney, Itronics President. “Sales of silver were down
due to external electrical supply problems that were previously announced and
which are being addressed and Photo Services sales were up due to a combination
of selling a photochemical silver concentrator and photochemical silver
concentrator replacement parts and a 312 percent increase in silver-bearing
photochemical gallons received.”
“The third quarter
and first nine month sales increases demonstrate that Itronics eight part long
term growth plan, announced in June 2005, continues to be successfully
implemented,” Dr. Whitney said.
About
Itronics
Itronics,
through its subsidiary, Itronics Metallurgical, Inc., is the only company in
the world with a fully permitted "Beneficial Use Photochemical, Silver,
and Water Recycling" plant located in the United States which can convert
used photoliquids into pure silver and liquid fertilizers. At the
Company’s Reno, Nevada factory more than 99 percent of the silver and
virtually all the other toxic heavy metals are extracted from used photoliquids. The purified liquids are converted into
environmentally beneficial, chelated, micronutrient and multinutrient liquid
fertilizers sold under the GOLD'n GRO trademark. The silver is refined and
sold as bullion 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 GOLD'n GRO 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 ..
Headquartered in Reno, Nevada, Itronics
Inc. is a "Creative Environmental Technology" company and a
world leader in
photochemical recycling. The Company also provides environmentally compatible
mining technology development, 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 compatible recycling and
fertilizer technologies.
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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.)