ITRONICS INC.
For the Quarter For the 12 Months
Ended December 31 Ended December 31
2009 2008 2009 2008
--------- ---------- ----------- -----------
REVENUE
Fertilizer $ 510,244 $ 219,428 $ 2,485,486 $ 2,140,091
Silver $ 145,671 $ 178,497 $ 685,702 $ 447,438
Photo Services $ 32,766 $ 200,537 $ 131,517 $ 312,836
Mining Technical
Services $ 8,800 $ 2,818 $ 43,160 $ 111,817
Total Revenues $ 697,481 $ 601,280 $ 3,345,865 $ 3,012,182
"Full year GOLD'n GRO liquid fertilizer revenue growth of 16 percent was
boosted by fourth quarter sales growth of 133 percent," said Dr. John
Whitney, Itronics President. "Our subsidiary, Itronics Metallurgical, has
become an important western U.S. manufacturer of chelated liquid
micro-nutrient fertilizers. These advanced technology micronutrient
fertilizers are used as supplements in grower fertilization programs, and
are now driving GOLD'n GRO sales growth. The strong growth experienced in
the fourth quarter is expected to continue in 2010."
Silver revenues for the year increased 53 percent on a 48 percent increase
in ounces sold. Silver sales growth is expected to continue in 2010 after
the Stage I silver refinery expansion is completed in the second quarter.
Ongoing Photo Services revenue for year was down compared to 2008.
Most of the decline was due to the fact that a Photochemical Silver
Concentrator was sold in the fourth quarter 2008, while there was no
comparable sale in 2009. The supply of spent photoliquids needed for
GOLD'n GRO fertilizer sales continues to be more than adequate to support
on-going sales growth. While the photographic industry continues to
change, the available supply of spent photoliquids is still large, and is
expected to continue to be large relative to Itronics needs for
manufacturing GOLD'n GRO fertilizers.
During 2009, Itronics changed the focus of its Mining Technical Services
division from consulting to using its library resources and the proprietary
InsideMetals data base to identify and facilitate the acquisition of
potentially viable gold and mineral properties. This division continues to
advance its web-based Gold Producer Stocks information portal:
www.insidemetals.com. Itronics believes that the Whitney & Whitney
expertise applied to mineral property acquisition and development will
generate gold and mineral asset growth for the Company and provide
opportunities to apply its creative environmental technologies in mine
projects.
In the second half of 2009 Whitney & Whitney participated in the formation
of Auric Gold & Minerals, an affiliated company, and helped Auric identify
a suitable polymetallic gold property and begin acquiring the mineral
rights through a claim staking project which is on-going. The longer term
plan is to take Auric public to provide an exit strategy for its initial
investors and to monetize the asset value to benefit Itronics and its
shareholders.
About Itronics
Headquartered in Reno, Nevada, Itronics Inc. is a "Creative Clean
Technology" Company that produces GOLD'n GRO liquid fertilizers and pure
silver bullion. Itronics, through its subsidiary, Itronics Metallurgical,
Inc., is the only company with a fully permitted "Beneficial Use
photochemical, Silver, and Water Recycling" plant in the United States that
converts spent photoliquids into pure silver and GOLD'n GRO liquid
fertilizers. The Company is developing environmentally compatible mining
technology, provides 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 clean recycling and fertilizer technologies.
The Company's environmentally friendly GOLD'n GRO liquid fertilizers, which
are extensively used in agriculture, can be used for lawns and houseplants,
and are available, along with 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.
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 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.)
Contact Information: Contact: Paul Knopick 888-795-6336