Converted Organics Announces Additional Production Capacity at Its California Fertilizer Facility
January 25 2011 - 10:00AM
Converted Organics Inc. (Nasdaq:COIN) announced today that the
Company has purchased additional fertilizer manufacturing equipment
for its Gonzales, California facility to increase production
capacity. The new equipment will enable Converted Organics of
California, LLC to take advantage of additional production capacity
for its existing organic fertilizer products, as well as to
introduce a specialty fertilizer product line for its customers.
After adding the production capacity, the production
capacity will increase by over 25%.
Mr. Edward Gildea, President and CEO of Converted Organics,
stated, "Our organic fertilizer business has seen consistent record
growth over the past year and increasing production capacity will
allow the company to continue to have record sales levels in
2011. Providing organic specialty fertilizer products is our
direct response to certain customer desires, and we will continue
to strive to best meet our customers' demands."
About Converted Organics
Converted Organics' (Nasdaq:COIN) mission is to promote,
develop and operate profitable innovative clean technologies that
contribute to the improvement of our environment by use of
sustainable business practices and the judicious use of natural
resources. Converted Organics Inc. is currently composed of
three primary lines of business at the intersection of Agriculture,
Water and Waste Recycling. Each business contributes to our
mission and uses sustainable business practices that protect and
value the environment. The three lines of business are Organic
Fertilizer (Converted Organics), Vertical Farming (TerraSphere
Systems - www.terraspheresystems.com), and Industrial Wastewater
Treatment (Industrial Wastewater Resources).
The Converted Organics Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=7431
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, not all of which are
known to the company, described most recently in the "Risk Factors"
section in the Company's most recently filed annual report on Form
10-K. 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
CONTACT: Investor Contacts:
Jim Blackman, 713-256-0369
PR Financial Marketing
jim@prfmonline.com
or
info@convertedorganics.com
617-624-0111
Coinbase Global (NASDAQ:COIN)
Historical Stock Chart
From Jul 2024 to Aug 2024
Coinbase Global (NASDAQ:COIN)
Historical Stock Chart
From Aug 2023 to Aug 2024