Converted Organics Ships Initial Order of an Anticipated 400,000 Gallons of Liquid Fertilizers to Distributor in Idaho
April 13 2011 - 9:00AM
Converted Organics Inc. (Nasdaq:COIN) announced today that it has
received a preliminary order of up to 400,000 gallons of its
all-natural, organic liquid fertilizer products (Converted Organics
LC 1-1-1, and Converted Organics GP 3-2-1) from Biorem Inc. "By the
end of this week we will have shipped 50,000 gallons, and another
40,000 gallons are scheduled to ship next week. The remainder of
the order will follow in weekly shipments throughout the growing
season," says Ed Gildea, President and CEO of Converted Organics.
Gildea continues, "Our biggest push, and greatest success, has been
in conventional crops." The fertilizers are to be applied to
various conventional and organic crops throughout Idaho and Utah,
including potatoes, sugar beets, alfalfa, wheat and barley.
Trials conducted using the GP 3-2-1 fertilizer on wheat fields
at Ricks Farm in Rexburg, Idaho showed a 2.5% increase in protein
content. Grant Ricks from Ricks Farm explains, "These trial
results are extremely positive, as they show a significant increase
in the protein content of the plant. This ultimately displays an
improved nutritional quality of the grain and translates into a
higher value crop for growers."
Converted Organics LC 1-1-1 and Converted Organics GP 3-2-1
organic liquid fertilizers are specially formulated to provide
growers with a high-quality fully pasteurized liquid fertilizer
product that can stimulate microbial activity within the soil and
is suitable for use on a variety of crops and soils. Both products
are high in total organic acids as well as other plant health
components. The product's liquid form helps distribute nutrients to
plants through the soil to maximize growth potential and aid in
disease suppression.
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
About Biorem
Biorem Inc. is dedicated to building a better, more
environmentally-sound planet, and to create a manufacturing,
service and sales company which networks with like-minded people,
in order to seek out all opportunities to beautify the earth. To do
this, Biorem actively takes part in cleaning up environmentally
sensitive sites, and using these resources to build better
fertilizer, which in turn helps to renew the ground with
eco-friendly soil, helping to promote and sustain a healthier
growth pattern for the earth. For more information, visit Biorem
at http://www.pharmgrade.net.
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: George McIntyre, 212-732-4300
Gmcintyre@ceocast.com
CEOcast, Inc.
Converted Organics Inc.
info@convertedorganics.com
617-624-0111
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