Converted Organics Inc. Begins Trading on the Nasdaq in Conjunction with IPO.

BOSTON -- Converted Organics Inc. (NASDAQ: COIN, COINU, COINW, COINZ) today announced the completion of its initial public offering consisting of 1.8 million units of one share of common stock, one redeemable Class A warrant, one non-redeemable Class B warrant and a 5% quarterly common stock dividend payable until its initial facility in Woodbridge, NJ commences commercial operations. Converted Organics' units will begin trading today on the NASDAQ under the symbol "COINU." The underwriter of the equity offering was Paulson Investment Company, Inc.

Registration statements relating to these securities were filed and declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. Offers may only be made by means of a written prospectus. A copy of the final prospectus relating to the offering may be obtained from: Paulson Investment Company, Inc., 811 SW Naito Parkway, Suite 200, Portland, Oregon, 97204.

Edward J. Gildea, President and CEO of Converted Organics, said, "We are very pleased that the capital markets have provided the financing needed to help Converted Organics implement its strategy. Our business plan is to produce an organic fertilizer, or 'biostimulant,' with applications in the agricultural, horticultural, and turf markets. We have already begun to establish relationships with customers on the east coast, and this offering will facilitate the Company's development and growth."

About Converted Organics Inc.

Converted Organics is dedicated to producing a valuable organic biostimulant (a natural soil amendment fertilizing product) through food waste recycling. The Company uses proven, state-of-the-art technologies to create a product that helps grow healthier food and improve environmental quality. Converted Organics makes a point of ensuring that its projects bring real benefits to the communities in which it operates.

Overuse of chemical fertilizers in modern agriculture contributes to several environmental problems. Chemical fertilizers deplete the overall health of soil, which reduces a plant's ability to absorb nutrients. Over time, more fertilizer is required just to maintain growth rates. As a result, large quantities of chemical fertilizer are not absorbed and run off into streams and rivers or leach into groundwater. Converted Organics' biostimulants offer farmers an environmentally-friendly alternative to chemical fertilizers that prevents water pollution and increases soil health. Use of these biostimulants has been proven to increase crop yields while substantially reducing the costs and impacts of pesticide and chemical fertilizer use. Converted Organics' biostimulants are produced without any of the chemicals that typically go into the manufacture of fertilizer.

The Converted Organics process relies on the same principles that are used to compost food waste. The Process uses oxygen, heat, and microbes into a closed, carefully monitored tank, to digest food wastes and produce an all natural product. The Process uses state of the art odor control technology and does not produce gasses that occur using anaerobic processes. The process creates the perfect environment for digesting the food waste and converts waste into a useful product in a matter of days.

This press release contains forward-looking statements that are subject to risks and uncertainties. These forward-looking statements include information about possible or assumed future results of our business, financial condition, liquidity, results of operations, plans and objectives. In some cases, you may identify forward-looking statements by words such as "may," "should," "plan," "intend," "potential," "continue," "believe," "expect," "predict," "anticipate" and "estimate," the negative of these words or other comparable words. These statements are only predictions. One should not place undue reliance on these forward-looking statements. The forward-looking statements are qualified by their terms and/or important factors, many of which are outside the Company's control, involve a number of risks, uncertainties and other factors that could cause actual results and events to differ materially from the statements made. The forward-looking statements are based on the Company's beliefs, assumptions and expectations of our future performance, taking into account information currently available to the Company. These beliefs, assumptions and expectations can change as a result of many possible events or factors, including those events and factors described in "Risk Factors" in the prospectus, not all of which are known to the Company. Neither the Company nor any other person assumes responsibility for the accuracy or completeness of these statements. The Company will update the information in this press release only to the extent required under applicable securities laws. If a change occurs, the Company's business, financial condition, liquidity and results of operations may vary materially from those expressed in the aforementioned forward-looking statements.