SOURCE: AXcess News

AXcess News

December 10, 2009 05:50 ET

AXcess News: Environmental Pressure Grows on Nitrogen Fertilizer Makers While Alternative Producer Sees Boom in Sales

HOUSTON, TX--(Marketwire - December 10, 2009) - Greenhouse gas isn't the only enemy of environmentalists. N20, or nitrous oxide, is getting a closer look by the USDA in finding out how farming affects emissions. Yet Reno-based Itronics (PINKSHEETS: ITRO) is seeing a real boom in sales, thanks to its environmentally friendly family of GOLD'n GRO liquid fertilizers.

Itronics operates the only EPA-approved plant in the nation for processing photochemical waste in the manufacture of its line of environmentally friendly family of liquid fertilizers.

The Company said on Tuesday that fourth quarter sales would grow 100% over the same period last year and indicated that in 2010 Itronics expects to report like volume increases.

Dr. John Whitney, Itronics President, explained that the Company's family of "green fertilizers" was seeing increasing demand while at the same time saving farmers money, "because of their excellent results in the field," explained Whitney.

So far Whitney's GOLD'n GRO line of 'green fertilizers' have been able to stand on their own after years of market development without taking into consideration the pressure environmentalists were placing on Washington to 'clean up the environment.' Yet farmers only look at two things when ordering -- results, as Whitney explained -- and cost. With nitrogen fertilizer costs having risen farmers have looked for alternatives which puts Itronics in the driver's seat as savings can be substantial, depending on the crop application GOLD'n GRO is used for.

Now, Itronics is getting bullish on its growth in forecasting strong demand for its GOLD'n GRO line of liquid fertilizers. "Doubling of fourth quarter sales indicates the effectiveness of our fertilizer," said Whitney. "We expect this trend to continue in 2010."

Itronics recently announced that it had secured financing for its raw materials in manufacturing GOLD'n GRO fertilizers, putting the Company ahead of the game as sales rise.

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