-- Increased 2009 nine month total revenues by 10 percent.
-- Increased 2009 nine month silver revenues by 101 percent.
-- Projects 4th quarter 2009 GOLD'n GRO fertilizer sales will increase
by more than 100 percent, making it the best 4th quarter for fertilizer
sales in Itronics' history.
-- Projects 2009 full year sales will increase by about 10 percent, the
best sales year in the Company's history.
-- Obtained minimum funding needed to initiate the Stage 1 silver
refinery expansion, which is expected to increase refining capacity by 10
times with no increase in refining costs. Completion targeted for early in
the second quarter 2010.
-- Obtained funding for purchase of raw material inventories to support
GOLD'n GRO fertilizer manufacturing, leading to more than doubling
fertilizer sales in the fourth quarter.
-- Obtained California registration for GOLD'n GRO Iron Man Z, a new
chelated liquid micro-nutrient fertilizer for the Turf & Ornamental segment
and for use on specialty crops. This new micronutrient fertilizer will be
introduced to the California market in 2010 and is expected to contribute
to expanding sales.
-- Expanded and strengthened the management team by adding a Finance &
Acquisitions Director.
-- Participated in formation of Auric Gold & Minerals (Auric), an
affiliated company established to acquire and develop polymetallic gold
projects. Helped Auric identify a suitable polymetallic gold property and
begin acquiring the mineral rights through a claim staking project.
"Itronics is ending the year with strong growth in fertilizer sales and
silver sales and a beginning position in gold and hard mineral assets,"
said Dr. John Whitney, Itronics President. "With the Stage 1 silver
expansion progressing and growing demand for the GOLD'n GRO fertilizers,
the foundation is in place to support a much larger expansion of the
Company's sales in 2010. With strong worldwide demand for hard mineral and
gold properties, Itronics is positioning itself for substantial future
mineral asset growth as well. It is very exciting to the Company, its
employees, and its shareholders to be able to end the year with such a
positive outlook."
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