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Watch SSEV, GCKO, ITRO, VIPR, MDGC, PMDP, RNWF. Lots of good DD on these boards, expecting nice increase on each very soon.
Agree with you on VIPR, jtrc123!
NEWS: GeckoSystems' Common Stock Quoted on Pink Sheets Current Information Tier
Date : 01/20/2010 @ 12:05AM
Source : MarketWire
Stock : GeckoSystems Intl. Corp. (GCKO)
Quote : 0.017 -0.001 (-5.56%) @ 4:42PM
GeckoSystems' Common Stock Quoted on Pink Sheets Current Information Tier
CONYERS, GA -- (Marketwire) -- 01/20/10 --
GeckoSystems Intl. Corp. (PINKSHEETS: GCKO) announced today that its stock is now quoted in the U.S. over-the-counter (OTC) markets, on the Pink Sheets "Current Information" tier, under the ticker symbol GCKO. GeckoSystems is a dynamic leader in the emerging mobile robotics industry revolutionizing their development and usage with "Mobile Robot Solutions for Safety, Security and Service(TM)."
As a result of having its securities available for trading on the OTC market, GeckoSystems is able to offer its shareholders ease of trading through regulated broker-dealers, while providing transparency to its investors, business partners, and customers
"By making more company information publicly available as to stock structure, beneficial owners, etc, GeckoSystems is attempting to foster an efficient secondary trading market and provide greater understanding of our business model for investors, advisors, and regulators in the OTC market," said Martin Spencer, President/CEO, GeckoSystems. "We hope that our meeting the Current Information guidelines will allow us to better satisfy the needs of our stakeholders, by providing high quality disclosure to investors via Pink Sheets."
The term "OTC securities" is a catchall phrase for any equity security that is not listed on a U.S. stock exchange. The OTCQX and Pink Sheets marketplaces constitute, by dollar volume, the third largest U.S. liquidity pool for trading public company shares, after The NASDAQ Stock Market, Inc
and The New York Stock Exchange
In the last three years GeckoSystems secured its trading symbol, GCKO, by satisfying FINRA's 15c2-11 requirements. Subsequently GeckoSystems became DTC eligible and a DRS participant to further enhance stockholder liquidity and value. Now GeckoSystems has satisfied Pinksheets requirements to be designated: Current Information
Due to the need for equity financing for high growth firms, GeckoSystems has worked for over ten years to become fully reporting as soon as financially viable. In fact, the Company has been successfully audited twice, for two year periods each, and found to be fully compliant under thorough outside financial audits prepared by SEC certified CPA firms with the Financial Accounting Standards Board's (FASB's) generally accepted accounting principles (GAAP) on both occasions since founding
"Due to the level of risk inherent in high tech, emerging market Development Stage firms such as ours, we understand clearly that only equity (not debt) instruments can provide sufficient return on investment (ROI) for investors to assume the risk of purchasing any high tech, emerging market stock such as GCKO stock. Hence our long time efforts in this regard, and determination to continue our move upward to not only a more pronounced domestic stock exchange, but also those with international reach, such as OTCQX," observed Spencer
GeckoSystems received their Pink Sheet trading symbol, GCKO, from FINRA as a result of satisfying all their due diligence requirements from the filing of a Form 15c2-11. The Company has no unaccounted for, or otherwise missing, shares outstanding and issued. "We worked for nearly a year in preparing our initial 15c2-11 submission to, and addressing the comments of, FINRA prior to their issuance of our trading symbol, GCKO. We received our trading symbol, GCKO, from FINRA in September of 2007. In order to enable electronic trading we became DTC eligible in January of 2008. As a DRS Participant, the ability to trade GCKO stock electronically is even more streamlined, efficient, transparent, and reliable," stated Spencer
DRS provides for the electronic direct registration of securities in an investor's name on the books of the transfer agent or issuer. It allows shares to be transferred between a transfer agent and a broker electronically through the industry's DRS Profile Systems. Historically, investors hold their shares either in "street name" with their broker, or they are "registered shareholders" and have a certificate. Consequently, the Company is in a position, as a DRS participant, to readily identify those parties engaging in "naked short selling" of GCKO stock
Mr. Spencer received his Masters in Business Administration from the J. Mack Robinson College of Business, Georgia State University, Atlanta, Georgia, in 1987. Consequently he is formally trained and educated for the professional management of publicly traded domestic and international corporations. (See http://robinson.gsu.edu/index.html for more information.)
"We are very pleased to be able to offer our stockholders this new, heightened level of corporate transparency and greater ease in their transfers of their GCKO holdings trading in the Pink Sheets in the Current Information tier. We wish to assure our stockholders that this greater efficiency in the marketplace for our stock will further enhance the value and liquidity of GCKO stock and increase the ROI for them as we continue in our efforts to move upward to more pronounced domestic and international stock exchanges," reflected Spencer
About GeckoSystems International Corporation:
Since 1997, GeckoSystems has developed a comprehensive, coherent, and sufficient suite of hardware and software inventions to enable a new type of home appliance (a personal robot) the CareBot(TM), to be created for the mass consumer marketplace. The suite of primary inventions includes: GeckoNav(TM), GeckoChat(TM) and GeckoTrak(TM)
The primary market for this product is the family for use in eldercare, care for the chronically ill, and childcare. The primary distribution channel for this new home appliance is the thousands of independent personal computer retailers in the U.S. The manufacturing infrastructure for this new product category of mobile service robots is essentially the same as the personal computer industry. Several outside contract manufacturers have been identified and qualified their ability to produce up to 1,000 CareBots per month within four to six months
The Company is market driven. At the time of founding, nearly 12 years ago, the Company did extensive primary market research to determine the demographic profile of the early adopters of the then proposed product line
Subsequent to, and based on that original market research, they have assembled numerous focus groups to evaluate the fit of the CareBot personal robot into the participant's lives and their expected usage. The Company has also frequently employed the Delphi market research methodology by contacting and interviewing senior executives, practitioners, and researchers knowledgeable in the area of elder care. Using this factual basis of internally performed primary and secondary market research, and third party research is the statistical substance for the Company's sales forecasts
Not surprisingly the scientific statistical analyses applied revealed that elderly over sixty-five living alone in metropolitan areas with broadband Internet available and sufficient household incomes to support the increased costs were identified as those most likely to adopt initially. Due to the high cost of assisted living, nursing homes, etc. the payback for a CareBot(TM) is expected to be only six to eight months while keeping elderly care receivers independent, in their own long time homes, and living longer due to the comfort and safety of more frequent attention from their loved ones
Using U.S. Census Bureau data and various predictive statistical analyses, the Company projects the available consumer market size in dollars for cost effective, utilitarian, multitasking eldercare personal robots in 2010 to be $74.0B, in 2011 to be $77B, in 2012 to be $80B, in 2013 to be $83.3B, and in 2014 to be $86.6B. With market penetrations of 0.03% in 2010, 0.06% in 2011, 0.22% in 2012, 0.53% in 2013, and 0.81% in 2014, we will anticipate CareBot sales, from this consumer market segment, only, of $22.0M, $44.0M, $176M, $440.2M, and $704.3M, respectively. The Company expects these sales despite -- and perhaps because of -- the present recession due to pent up demand for significant cost reduction in eldercare expenses
The foregoing forecasts do not include sales in non-metropolitan areas; elderly couples over 65 (only elderly living alone are in these forecasts); those chronically ill -- regardless of age -- or elderly living with their adult children
The Company's "mobile robot solutions for safety, security and service(TM)" are appropriate not only for the consumer, but also professional healthcare, commercial security and defense markets. Professional healthcare require cost effective, timely errand running, portable telemedicine, etc. Homeland Security requires cost effective mobile robots to patrol and monitor public venues for weapons and WMD detection. Military users desire the elimination of the "man in the loop" to enable unmanned ground and air vehicles to not require constant human control and/or intervention
The Company's business model is very much like that of an automobile manufacturer. Due to the final assembly, test, and shipping being done based on geographic and logistic realities; strategic business-to-business relationships can range from private labeling to joint manufacturing and distribution to licensing only
Several dozen patent opportunities exist for the Company due to the many innovative and cost effective breakthroughs embodied not only in GeckoNav, GeckoChat, and GeckoTrak, but also in additional, secondary systems that include: GeckoOrient(TM), GeckoMotorController(TM), the GeckoTactileShroud(TM), the CompoundedSensorArray(TM), and the GeckoSPIO(TM)
The present senior management at GeckoSystems has over thirty-five years experience in consumer electronics sales and marketing and product development. Senior managers have been identified for the areas of manufacturing, marketing, sales, and finance
While GeckoSystems has been in the Development Stage, the Company has accumulated losses to date in excess of six million dollars. In contrast, the Japanese government has spent one hundred million dollars in grants (to Sanyo, Toshiba, Hitachi, Fujitsu, NEC, etc.) over the same time period to develop personal robots for their eldercare crisis, yet no viable solutions have been developed
By the end of this year, the Company plans to complete productization of its CareBot offering with the introduction of its fourth generation personal robot, the CareBot 4.0 MSR. The Company expects to be the first personal robot developer and manufacturer in the world to begin in-home eldercare evaluation trials
Safe Harbor:
The Current Information category is based on the level of disclosure and is not a designation of quality or investment risk. This category includes shell or development stage companies with little or no operations as well as companies without audited financials and as such should be considered extremely speculative by investors
Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the Safe Harbors created thereby. The Company is a development stage firm that continues to be dependent upon outside capital to sustain its existence. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results
Contact: www.GeckoSystems.com or Main number: 1-866-227-3268 International: +1 678-413-9236
Investor Relations: Noah Clark, Jr
Direct line: 1-678-413-1640
This ran off the bottom at the end of the year, most likely due to tax loss selling. With that in mind, the wash sale rule will not allow those who sold for the loss to rebuy w/in 30 days and still take the loss. I look for some of that volume to come back at the end of Jan. unless something happens and the pps doesn't wait for them. Your thoughts?
Up 36% on 29K vol, proof that it flies on air. Just think where it can go with some real volume.
Lack of bid support, which is probably due to the 3-day weekend allowed someone a chance to attempt to invoke a panic sell. It didn't work.
Don't get too excited about the .01's it was only 363 shares or $3.63, which means the "lucky" ones paid more in fees to buy it than they purchased.
Alot of characters posting on this board. It's fun to read. Whoever said IHUB needed a math and spelling checker? We've got one right here, and its only cost is a personal insult. Lookout Microsoft!
If VYGO hits the triple bottom it could breakout of resistance
LOL, was thinking the same thing. The last time he was here telling us about the "stucks", we couldn't find them and we also had a record volume day.
You don't need to spam the boards anymore, we all know ITRO is a gem. Have you tried putting your $$ where your mouth is?
ITRO News: Itronics' 2009 Revenues Increase 11 Percent to $3.3 Million, Top Year Ever for Environmentally Green Company
Date : 01/14/2010 @ 1:30PM
Source : MarketWire
Stock : Itronics Inc. (ITRO)
Quote : 0.0034 0.0001 (3.03%) @ 4:27PM
Itronics' 2009 Revenues Increase 11 Percent to $3.3 Million, Top Year Ever for Environmentally Green Company
RENO, NV -- (Marketwire) -- 01/14/10 --
Itronics Inc. (PINKSHEETS: ITRO) (FRANKFURT: ITG) (BERLIN: ITG) reported today that total revenues for 2009 increased 11 percent to $3.3 million from $3.0 million in 2008, making this the best sales year in Itronics' history. Fourth quarter revenues increased by 16 percent to $697,000 from $601,000 in 2008, marking the best fourth quarter ever for the Company. Full year 2009 revenue growth was driven by a 53 percent increase in silver sales and a 133 percent increase in fourth quarter GOLD'n GRO fertilizer sales
Unaudited revenues for the fourth quarter, and full year ended December 31, 2009 together with comparative figures for 2008 are presented below:
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: Paul Knopick 888-795-6336
tell that to the people who already got 400% off it
ITRO has news and chart is looking great! Itronics' 2009 Revenues Increase 11 Percent to $3.3 Million, Top Year Ever for Environmentally Green Company
RENO, NV -- (Marketwire) -- 01/14/10 --
Itronics Inc. (PINKSHEETS: ITRO) (FRANKFURT: ITG) (BERLIN: ITG) reported today that total revenues for 2009 increased 11 percent to $3.3 million from $3.0 million in 2008, making this the best sales year in Itronics' history. Fourth quarter revenues increased by 16 percent to $697,000 from $601,000 in 2008, marking the best fourth quarter ever for the Company. Full year 2009 revenue growth was driven by a 53 percent increase in silver sales and a 133 percent increase in fourth quarter GOLD'n GRO fertilizer sales
Unaudited revenues for the fourth quarter, and full year ended December 31, 2009 together with comparative figures for 2008 are presented below:
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
ITRO News just out: Itronics' 2009 Revenues Increase 11 Percent to $3.3 Million, Top Year Ever for Environmentally Green Company
RENO, NV -- (Marketwire) -- 01/14/10 --
Itronics Inc. (PINKSHEETS: ITRO) (FRANKFURT: ITG) (BERLIN: ITG) reported today that total revenues for 2009 increased 11 percent to $3.3 million from $3.0 million in 2008, making this the best sales year in Itronics' history. Fourth quarter revenues increased by 16 percent to $697,000 from $601,000 in 2008, marking the best fourth quarter ever for the Company. Full year 2009 revenue growth was driven by a 53 percent increase in silver sales and a 133 percent increase in fourth quarter GOLD'n GRO fertilizer sales
Unaudited revenues for the fourth quarter, and full year ended December 31, 2009 together with comparative figures for 2008 are presented below:
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
ITRO News: Itronics' 2009 Revenues Increase 11 Percent to $3.3 Million, Top Year Ever for Environmentally Green Company
RENO, NV -- (Marketwire) -- 01/14/10 --
Itronics Inc. (PINKSHEETS: ITRO) (FRANKFURT: ITG) (BERLIN: ITG) reported today that total revenues for 2009 increased 11 percent to $3.3 million from $3.0 million in 2008, making this the best sales year in Itronics' history. Fourth quarter revenues increased by 16 percent to $697,000 from $601,000 in 2008, marking the best fourth quarter ever for the Company. Full year 2009 revenue growth was driven by a 53 percent increase in silver sales and a 133 percent increase in fourth quarter GOLD'n GRO fertilizer sales
Unaudited revenues for the fourth quarter, and full year ended December 31, 2009 together with comparative figures for 2008 are presented below:
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
News: Itronics' 2009 Revenues Increase 11 Percent to $3.3 Million, Top Year Ever for Environmentally Green Company
RENO, NV -- (Marketwire) -- 01/14/10 --
Itronics Inc. (PINKSHEETS: ITRO) (FRANKFURT: ITG) (BERLIN: ITG) reported today that total revenues for 2009 increased 11 percent to $3.3 million from $3.0 million in 2008, making this the best sales year in Itronics' history. Fourth quarter revenues increased by 16 percent to $697,000 from $601,000 in 2008, marking the best fourth quarter ever for the Company. Full year 2009 revenue growth was driven by a 53 percent increase in silver sales and a 133 percent increase in fourth quarter GOLD'n GRO fertilizer sales
Unaudited revenues for the fourth quarter, and full year ended December 31, 2009 together with comparative figures for 2008 are presented below:
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
spread is tightened, it's set up for a nice power hour with above avg volume
results of oversold scan 1/13/10
MCLN, BFHJ, CVRG
I don't have any specific information to offer regarding pinks, but I have no reason to believe that it won't.
It's always sweeter if you earn it yourself - meaning do your own DD
Sorry about your loss, but many did very well on this, and at the current pps, many stand a very good chance of doing it again. This is a low floater and due to that the pps can rise and fall very fast. This doesn't make the company a scam. The share structure is very appealing to traders, who take the time to do their DD before they buy in. GLTY - hope you make it all back on one of your "real" investments.
Welcome to the board! We've been seeing above avg volume the past couple of days. Maybe news is coming soon.
still panic trading?
Guess you missed it when it went 10 bags in one day then -- I didn't
easy to say if you are short
The cheapies definitely got sucked up fast. If you snooze you lose on this one.
figured someone would have whacked the .024's but they didn't. Back to .02 x .022, one left
.024 x .025, one left
Good for you! Stronger hands will prevail. I was too slow yesterday, but I got a few this morning.
I agree, were you able to pick up any of the cheapies?
appears that traders didn't like the news
looks like impatient sellers getting ready to give us a nice bounce. Radar this for a bottom play