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Converted Organics Inc. Receives First Shipment of Solid Food Waste at Woodbridge, N.J. Facility
Friday, October 24, 2008 11:04 AM


Converted Organics Inc. (NASDAQ:COIN) announced today that the Company received its first shipment of solid food waste this morning at its flagship Woodbridge, New Jersey manufacturing facility.

“Converted Organics is very pleased to report that the initial shipment of source-separated food waste was accepted in Woodbridge today,” said Edward J. Gildea, President of Converted Organics. “The delivery of this first shipment of solid food waste allows us to continue commissioning equipment that will enable the plant to be fully operational by year end, fill current customer orders in a timely fashion, and meet growing market demand for Converted Organics’ products for the spring 2009 season.”

Royal Waste Services, Inc. of Queens, New York delivered the first shipment of solid food waste to the Woodbridge plant. Royal Waste Services provides waste management services to industrial and commercial customers throughout New York City. Royal Waste Services and Converted Organics have agreed to cooperate in the collection, processing and conversion of food waste from Royal Waste Services’ food service clients.

About Converted Organics Inc.

Converted Organics (NASDAQ:COIN), based in Boston, MA, 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 fertilizer products in the retail, turf management, 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 reduces the amount of nitrogen required in a virtuous cycle that benefits from long-term use.



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