Converted Organics Inc. (NASDAQ:COIN) announced that it has shipped the first 60,000 gallons of an anticipated 100,000 gallon total order of its all-natural, organic liquid LC 1-1-1 fertilizer to Biorem Inc., an Idaho Falls based agricultural products distributor. “The purchase,” according to President Kelly Tuttle, “was a decision designed to direct green initiatives and better growing procedures in the Eastern Idaho and Utah markets, to support growing efforts such as potato, alfalfa and grain production, as well as turf, landscape, ornamental, lawn care and recreational applications.”
Tuttle said he has been searching for liquid fertilizer and soil amendment products for some time. “I was intrigued by Converted Organics’ process and superior products. Mainly, I was looking for a good alternative compost solution and organic fertilizer line and Converted Organics products fit the bill.”
“People in these states want to reduce pesticide usage, see better utilization of fertilizer products, and build healthier soils, and through the use of our organic liquid fertilizers, this can be accomplished,” said Geoffrey McInnes, Northwestern Region Sales representative for Converted Organics.
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. About Biorem Biorem Inc. is dedicated to building a better, more environmentally-sound planet, and to creating 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