ITRONICS INC.
For the Quarter For the 9 Months
Ended September 30 Ended September 30
2009 2008 2009 2008
REVENUE
Fertilizer $ 283,983 $ 360,288 $ 1,975,242 $ 1,920,731
Silver $ 56,228 $ 70,925 $ 540,031 $ 268,943
Photo Services $ 27,699 $ 40,911 $ 98,751 $ 112,229
Mining Technical
Services $ 6,292 $ 21,784 $ 33,983 $ 108,999
Total Revenues $ 374,202 $ 493,908 $ 2,648,007 $ 2,410,902
"Our nine month GOLD'n GRO liquid fertilizer revenue growth is strong in a
market where fertilizer sales for most fertilizer companies have sharply
declined," said Dr. John Whitney, Itronics President. "The Company
recently announced that orders on hand in October were 33 percent greater
than 2008 total fourth quarter sales. This is a solid indication of
continuing growth for GOLD'n GRO fertilizer sales."
Silver revenues for the first 9 months increased 101 percent on a 136
percent increase in ounces sold. Full year 2009 sales are now expected to
be up about 60 percent over 2008, with fourth quarter 2009 sales
approximately equaling fourth quarter 2008 sales. A combination of sale of
on site silver inventories and improved recovery technology is producing
this growth.
Photo Services revenues were down 12 percent in the first 9 months because
receipt of spent photoliquids was cut back in the second quarter.
Photoliquid volumes are still exceeding the quantities needed for GOLD'n
GRO liquid fertilizer manufacturing.
Whitney & Whitney Mining Technical Services sales declined in the third
quarter and first nine
months. This division is working with outside investors and has formed a
new gold and mineral company called Auric Gold & Minerals, Inc. (Auric),
majority owned by Whitney & Whitney,
which is currently assisting Auric with the acquisition of a polymetallic
gold project in Nevada. Auric is contracting with Whitney & Whitney for
management and technical services.
Whitney & Whitney continues to advance its web based InsideMetals.com Gold
Producer Stocks information portal: www.insidemetals.com. The recent
strengthening of gold, silver, and base metal prices is generating
increased interest in mining companies and mineral projects.
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