Converted Organics Inc. Creates Organic Fertilizer from Pacific Choice Seafood Company's Fish By-Products.BOSTON & PORTLAND, Ore. -- Converted Organics Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :COIN) has begun processing seafood by-products supplied by Pacific Choice Seafood, a Pacific Seafood Group company, based in Eureka, CA. Converted Organics will sell and distribute the fish-based organic fertilizer products for use in commercial, retail, industrial and recreational lawn care in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Eastern Canada Eastern Canada (also the Eastern provinces) is the region of Canada generally considered to be east of Manitoba, consisting of the following provinces:
Utilizing food waste in a sustainable and valued way is a shared vision between the two companies. Peter Townsley of Converted Organics and Rick Harris Rick Harris was a professional wrestler better known as Black Bart. Career Rick Harris started wrestling in 1975. He went through several names, such as Hangman Harris, Ricky Harris and Man Mountain Harris, before settling on the name of Black Bart in 1984. of Pacific Choice Seafood led the efforts to bring the seafood by-product by·prod·uct or by-prod·uct n. 1. Something produced in the making of something else. 2. A secondary result; a side effect. by-product Noun 1. processing operations to fruition. The relationship will save thousands of pounds of by-product annually from entering the waste management system in the United States. "We are very excited to begin processing operations in such a timely fashion, and anticipate having two all-natural organic fertilizers that incorporate Pacific Seafood Group's fish by-products available for sale and distribution by April 2008," said Edward J. Gildea, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Converted Organics Inc. "We are very optimistic op·ti·mist n. 1. One who usually expects a favorable outcome. 2. A believer in philosophical optimism. op about the potential success of these new products." "At Pacific Seafood, we pride ourselves on continuous improvement and innovation to maximize the use of our resources," said Tim Horgan, Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Pacific Seafood Group. "We are thrilled with the opportunity to team with Converted Organics and look forward to working together to realize our shared vision for success." About Pacific Seafood Group The Pacific Seafood Group is a family-owned, vertically integrated seafood company based in the Western United States Noun 1. western United States - the region of the United States lying to the west of the Mississippi River West Santa Fe Trail - a trail that extends from Missouri to New Mexico; an important route for settlers moving west in the 19th century . The Pacific Seafood Group processes West Coast products from Alaska to Mexico and owns and operates distribution facilities and distributes in Washington, Idaho, Montana, Oregon, California, Nevada and Utah. The Pacific Seafood Group exports products throughout Asia, Europe and the Middle East, as well as imports products from many of these areas. About Converted Organics Inc. Converted Organics (NASDAQ:COIN), based in Boston, is dedicated to producing valuable all-natural, organic soil amendment or fertilizer products 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 plans to sell and distribute its environmentally friendly Environmentally friendly, also referred to as nature friendly, is a term used to refer to goods and services considered to inflict minimal harm on the environment.[1] fertilizer products in the retail, turf management Turf management or pitchcare describes the work needed to keep a sporting pitch ready for use. This article looks at the various types of sporting pitches and the type of challenges which they present. , and agribusiness markets. Converted Organics' fertilizer products will be produced in both a dry pellet and liquid concentrate. Converted Organics' products have been tested in numerous field trials for more than a dozen crops with the result that, on average, the net value of the farmer's crop increased 11-16%, depending on the particular crop and product application. This is due, in part, to the disease suppression characteristics of the product, which reduce or eliminate the need for other costly, often toxic, crop protection applications. Increased use of nitrogen in commercial agriculture and turf grass applications, such as golf courses, has reduced the soil's ability to absorb nitrogen and other nutrients. Using the products produced by Converted Organics helps restore the soil by replenishing these micronutrients This is a list of micronutrients. Vitamins
The products have a long shelf life compared to many other organic fertilizers. In a number of lab and field trials, the liquid product has been shown to be effective in mitigating powdery pow·der·y adj. 1. Composed of or similar to powder. 2. Dusted or covered with or as if with powder. 3. Easily made into powder; friable. Adj. 1. mildew mildew, name for certain fungi and protists, for the diseases they cause in various crops, and for the discoloration (and sometimes the weakening and disintegration) they cause in such materials as leather, fabrics, and paper. , a leaf fungus that affects most plants and grasses and restricts the flow of water and nutrients to the plant. The Company's fertilizer products can be used on a stand-alone basis or in combination with more traditional fertilizers and crop protection products. Converted Organics expects to benefit from increased regulatory focus on organic waste processing and on environmentally friendly growing practices. 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. COIN-G |
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