Converted Organics' Vertical Farming Business, TerraSphere Systems, to Exhibit at New England Produce & Floral Expo, April 27th
April 21 2011 - 9:00AM
Converted Organics Inc. (Nasdaq:COIN) announced today that
TerraSphere Systems will be attending the New England Produce &
Floral Expo as an exhibitor on April 27th, taking place at the
Boston Convention and Exhibition Center. Representatives from
TerraSphere will be showcasing the Company's vertically-grown
spinach and meeting with major produce retailers interested in
carrying TerraSphere's lettuce, spinach and basil in 2011. This is
the first event that TerraSphere will be attending to promote and
drive sales of their produce to major retailers. The produce
will be grown at the company's first U.S. vertical farm, which is
currently under development in Rhode Island.
"This show marks TerraSphere's entrance into the U.S. retail
market, and will give us the opportunity to interact with key
decision makers at some of the largest supermarket chains in the
region," says David Flannery, Vice President of Sales &
Marketing for TerraSphere Systems, LLC. "We've already met
with many of these potential customers and they've been impressed
with our produce quality, color and taste. What's more, many
of them have implemented 'sustainability' or 'locally-grown
purchasing' initiatives. They're excited about our ability to
provide a year-round supply of fresh, locally grown, pesticide-free
produce from super indoor farms located in cities, which are close
to where most of their customers live," he added.
You may visit TerraSphere Systems at Booth 209
from 8:00 a.m. – 5:00 p.m. EDT on April 27th at the New England
Produce & Floral Expo, taking place at the Boston Convention
and Exhibition Center.
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 TerraSphere Systems, LLC
TerraSphere Systems (www.terraspheresystems.com) is dedicated to
building highly efficient systems for growing organic fruits and
vegetables in a controlled indoor environment. TerraSphere's
clean technology helps to promote the sustainable consumption of
natural resources by accelerating plant production and maximizing
crop yields, while improving environmental footprints through the
reduction of carbon emissions and fuel use associated with
traditional crop production and distribution. TerraSphere's unique,
environmentally and socially-responsible business model helps to
facilitate job creation and diverse, community-based
workforces. TerraSphere believes its technology can
potentially revolutionize access to organic produce for both remote
and urban communities, alleviate land management issues for
agricultural producers, and ease hunger crises for the world's
growing population.
About the New England Produce Council
The New England Produce Council (NEPC) was founded in 1995 by
Cece Krumrine and Arthur O'Leary. The Council is a nonprofit trade
association serving over 500 members. Members are involved in all
sectors of the industry: distribution, production, foodservice, and
retail of fresh fruits and vegetables. NEPC is also a member of the
Produce Marketing Association.
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
or
Jim Blackman, 713-256-0369
PR Financial Marketing
jim@prfmonline.com
Converted Organics Inc.
info@convertedorganics.com
617.624.0111
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