Itronics reports 60 percent increase in fertilizer sales

Reno-Itronics Inc. reported first quarter 2007 GOLD’n GRO fertilizer division sales by its subsidiary, Itronics Metallurgical, Inc., were $531,000, compared to $332,000 in the comparable quarter last year – an increase of 60 percent. GOLD’n GRO liquid fertilizer sales were $417,055, up 74 percent in the first quarter. Itronics expects to report full financial results for the first quarter on May 15 when it files its First Quarter Form 10-QSB. “The company recently completed the start up of its new air purification system for the refinery and we expect the increase in silver sales to resume, driven by growth in GOLD’n GRO liquid fertilizer sales in 2007,” said Dr. John Whitney, Itronics president. “The company is continuing to develop new sources of used photochemicals that are converted to make GOLD’n GRO fertilizers. On-going sales growth is demonstrating successful implementation of the company’s eight part long-term growth plan.”