Converted Organics Fertilizer to be Sold at 62 Additional Major Home Improvement Retail Stores
March 15 2011 - 9:00AM
- Converted Organics Fertilizer Sold at a Total of 152 Stores of
Home Improvement Retail Giant
BOSTON, March 15, 2011 (GLOBE NEWSWIRE) -- Converted
Organics Inc. (Nasdaq:COIN) announced today that the Company
was granted an expansion of an additional 62 stores in New Jersey
from its major national retail customer. Converted Organics™
All Natural Lawn & Turf Fertilizer will now be sold at a total
of 152 major home improvement retail outlets throughout
Massachusetts, Connecticut, Rhode Island, Long Island and New
Jersey.
"This expansion of stores is a home run for Converted Organics,
and directly reflects the sales success that we've had with this
customer over the last two seasons," says Edward Gildea, President
and CEO of Converted Organics. "Last year, we witnessed a 100%
same-store sales increase in this customer's chain of
stores. We attribute this success not only to our targeted
marketing efforts and product satisfaction, but also to the
increasing recognition nationwide regarding the importance of using
organic fertilizer products for lawn care."
The 62 additional locations selling Converted Organics™ Lawn
& Turf Fertilizer will be available on the Company's website
http://www.convertedorganics.com/about-us/organic-fertilizer/where-to-buy.
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:
George McIntyre
CEOcast, Inc.
212-732-4300
Gmcintyre@ceocast.com
Jim Blackman, 713-256-0369
PR Financial Marketing
jim@prfmonline.com
info@convertedorganics.com
617-624-0111
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