ITRONICS INC.
For the Quarter
Ended March 31
2009 2008
REVENUE
Fertilizer $ 479,274 $ 445,578
Silver $ 328,739 $ 117,065
Photo Services $ 40,606 $ 34,646
Mining Technical Services $ 23,274 $ 55,842
Total Revenues $ 871,893 $ 653,131
First quarter GOLD'n GRO liquid fertilizer revenue growth of 8 percent was
capped by severe water shortages for agricultural use in the California's
central valley in the first quarter. "Even though the overall U.S. economy
is struggling, we are expecting strong 2009 fertilizer revenue growth to be
driven by sales of GOLD'n GRO Guardian Deer Repellent, the only product
that is systemic and which both repels deer and fertilizes in combination
with GOLD'n GRO fertilizer. The repellent does no harm to the deer," said
Dr. John Whitney, Itronics President.
Silver revenues for the quarter increased 181 percent on a 324 percent
increase in ounces sold. Improved silver extraction technologies are
expected to increase silver available for sale by more than 200 percent for
the full year. Silver and other non-nutrient metals are stripped from the
liquid photowaste as part of Itronics' environmentally beneficial
manufacture of award-winning green fertilizers.
Photo Services revenue for the quarter increased by 17 percent due to a
large increase in receipts of spent photoliquids for processing and
conversion to fertilizer. Gallons of spent photoliquids received in the
first quarter were up 28 percent compared to the 2008 first quarter. The
increasing volume of spent photoliquids is expected to be more than
adequate to support continued strong growth of GOLD'n GRO liquid fertilizer
sales.
Mining Technical Services sales declined in the first quarter due to a
decrease in consulting. This division continues to advance its web-based
InsideMetals.com Gold Producer Stocks information portal:
www.insidemetals.com. The recent strengthening of gold and silver prices
is expected to generate continued growth for this division in 2009.
Itronics' ongoing implementation of its 5-year plan to put internally
developed environmentally green clean technology into commercial use is
producing solid profitable growth. This focused approach to the development
and use of creative new clean technology has made the vertically integrated
"Beneficial Use Photochemical, Silver, and Water Recycling" technology and
the GOLD'n GRO brand of environmentally friendly fertilizers a success.
Itronics' revolutionary technologies create a cost-effective "Green
Consumer Option" for photo and x-ray processors that continue to use silver
halide photo technologies to make prints and x-rays, and an economical
"Green Fertilizer Option" for farmers and consumers.
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 has established and is now commercializing a
pipeline of integrated recycling technologies and environmentally
compatible silver/gold mining technologies. It also 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