Itronics GOLD’n GRO Fertilizer Sales Up 42 Percent in January-May 2019 Compared to Same Period in 2018
GlobeNewswire•June 4, 2019
RENO, Nev., June 04, 2019 (GLOBE NEWSWIRE) -- Itronics Inc. (ITRO), an Innovative Greentech Fertilizer, Silver, and Mineral Producer, reported today that its January through May 2019 GOLD’n GRO fertilizer sales, are up 42 percent compared to the same months in the prior year. The fertilizer sales improvement is due to a combination of factors including increased demand within the existing customer base, new demand from addition of new retail outlets to the customer base, and expanding interest in additional GOLD’n GRO fertilizers that are in the GOLD’n GRO fertilizer product line.
“The Company sales have returned to levels not seen in many years,” said Dr. John Whitney, Itronics President. “We have greatly expanded our sales efforts and are now realizing outstanding results from those efforts. At current order rates we expect to exceed 2018 full year fertilizer sales in June. We are expecting that sales will continue at higher levels in the second half of the year, reducing the seasonality of the business and greatly expanding annual sales levels.”
This year Itronics is conducting field trials to evaluate the ability of the GOLD’n GRO fertilizers to provide improved nutrient uptake by certain crops compared to competing fertilizers. Results for these trials are now being received and are very positive. The Company is expecting that as this information is distributed to the customer base, it will lead to further increases in sales. Over the years field testing has also demonstrated meaningful crop yield improvement.
“Improvement in nutrient uptake increases crop quality and yield which is important to our distributor and its customers,” said Dr. John Whitney, Itronics President. “Existing customers come back every year. These loyal customers and new ones are fueling our growth.”
