Converted Organics Inc. (NASDAQ:COIN)
announced today that shipments of its organic fertilizer products to
customers from the Company’s Gonzales, California manufacturing facility
reached a record high in May, 2009, approaching a quarter of a million
gallons of liquid fertilizer. This is the largest monthly shipment of
fertilizer, including Converted Organics™ GP 3-2-1 and Pacific Choice™
Hydrolized Fish 1-4-0 products, from the Gonzales facility since
Converted Organics acquired the plant in January, 2008.
“The continuous hard work and dedication of our sales and manufacturing
team in California has permitted us to achieve these record results,”
said Edward J. Gildea, President of Converted Organics. “Converted
Organics is very pleased to have produced such a large quantity of
high-quality organic fertilizer last month and to have delivered it in a
timely fashion to customers throughout the United States.”
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) system, a proven, state-of-the-art microbial
digestion technology, to process various biodegradable food wastes into
dry pellet 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, and agribusiness markets.
Converted Organics’ flagship manufacturing facility is located in
Woodbridge, New Jersey. A second manufacturing site is located in
Gonzales, California, and a third is under development in Johnston,
Rhode Island. 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 mildew, a leaf fungus that affects most plants and grasses and
restricts the flow of water and nutrients to the plant.
