Printer Friendly
The Free Library
19,607,059 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Converted Organics Ships 45 Tons of Organic Fertilizer to New and Existing Customers.


BOSTON -- 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) announced today that the Company shipped 45 tons of its Lawn & Turf 8-1-4 and Flower & Garden 4-1-8 organic fertilizer products to five east coast lawn and garden companies this week, including new customer Ted Williams Landscape of Maine. Follow-up shipments of organic fertilizer were also made to existing Converted Organics customers East Coast Organics of Maryland, Purely Organic Lawn Care of Massachusetts, Green Cross Inc. of Connecticut and Commerce Corporation of Maryland.

"Converted Organics welcomes Ted Williams Landscape to our growing network of customers," said Edward J. Gildea, President of Converted Organics. "We continue to increase the amount of organic fertilizer being shipped to our wholesale and retail customers each week, and are very pleased by the positive feedback received to date about our products."

About Converted Organics Inc.

Converted Organics (NASDAQ:COIN, www.convertedorganics.com), based in Boston, MA, is dedicated to producing high-quality, all-natural, organic soil amendment and fertilizer products through food waste recycling. The Company uses its proprietary High Temperature Liquid Composting (HTLC HTLC High Turbulence Liquid Chromatography
HTLC High-Throughput Liquid Chromatography
) system, a proven, state-of-the-art microbial microbial

pertaining to or emanating from a microbe.


microbial digestion
the breakdown of organic material, especially feedstuffs, by microbial organisms.
 digestion technology, to process various biodegradable biodegradable /bio·de·grad·a·ble/ (-de-grad´ah-b'l) susceptible of degradation by biological processes, as by bacterial or other enzymatic action.

bi·o·de·grad·a·ble
adj.
 food wastes into dry pellet pel·let
n.
1. A small pill; a pilule.

2. A small rod-shaped or ovoid mass, as of compressed steroid hormones, intended for subcutaneous implantation in body tissues to provide timed release over an extended period of time.
 and liquid concentrate organic fertilizers that help grow healthier food and improve environmental quality. Converted Organics sells and distributes its environmentally-friendly fertilizer products in the retail, professional 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 agribusiness

Agriculture operated by business; specifically, that part of a modern national economy devoted to the production, processing, and distribution of food and fibre products and byproducts.
 markets.

Converted Organics' flagship manufacturing facility is located in Woodbridge, New Jersey. A second manufacturing site is located in Gonzales, California Gonzales is a city in Monterey County, California, United States. The population was 7,525 at the 2000 census. Gonzales is a member of the Association of Monterey Bay Area Governments.

The HRM Rex Goliath wine company is based in Gonzales.
, and a third is under development in Johnston, Rhode Island Johnston is a town in Providence County, Rhode Island, United States. The population was 28,195 at the 2000 census. One of Rhode Island's earliest houses, a stone-ender called the Clemence Irons House (1691) is open as a museum in Johnston. . 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 percent, 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. In a number of lab and field trials, Converted Organics' 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. Increased use of nitrogen in commercial agriculture and turf grass applications, such as on 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
  • Vitamin A (retinol)
  • Vitamin B complex
  • Vitamin B1 (thiamin)
  • Vitamin B2 (riboflavin)
. This reduces the amount of nitrogen required in a virtuous cycle that benefits from long-term use. As a result, use of the product reduces chemical run-off to streams, ponds and rivers, an objective with significant long-term benefits to the environment.

Converted Organics' products have a long shelf life compared to many other organic fertilizers. 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 forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
 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. Forward-looking statements include the Company's ability to continue full operations at its Woodbridge facility and to become more efficient in its operations, the Company's ability to continue to sell its product to other customers, and the Company's ability to raise financing on a timely basis, if at all. 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 the "Risk Factors" section in the Company's most recently filed annual report on Form 10-KSB, as updated in the Company's quarterly reports on Form 10-Q Form 10-Q

See 10-Q.
 filed since the annual report, 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
COPYRIGHT 2009 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2009 Gale, Cengage Learning. All rights reserved.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Apr 17, 2009
Words:819
Previous Article:Orthofix International Announces Q109 Preliminary Results and Release Date for Final Results.
Next Article:LifePoint Hospitals to Broadcast Its First Quarter 2009 Conference Call Live on the Internet.
Topics:



Related Articles
Organic fertilizer plant to open; Food waste will be coverted.
Buying Organic Fertilizer

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles