Converted Organics Inc. (NASDAQ:COIN) announced today that in compliance with a written notice from the Staff of the NASDAQ Stock Market, the Company and certain institutional investors have amended a May 26, 2009 agreement pursuant to which the Company issued in the aggregate warrants to purchase 1,500,000 shares of common stock.

The warrants have been amended to (i) increase the exercise price of the warrants from $1.61 per share to $1.63 per share, (ii) provide that the warrants may not be exercised until November 23, 2009, and (iii) extend the expiration date of the warrants until May 27, 2014. The written notice from the Staff of the NASDAQ Stock Market indicated that, based on these amendments, Converted Organics has regained compliance with Listing Rule 5635(d)(2) and that the matter is closed.

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. 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.