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BOSTON, Feb. 8, 2011 (GLOBE NEWSWIRE) -- Converted Organics Inc. (Nasdaq:COIN) announced today that the Company will be a featured presenter for a free online Vertical Farming Conference along with some of the world's best known experts in the field. Nick Brusatore, Co-founder of TerraSphere Systems, is one of five featured guests selected to speak on the panel, and will be speaking on behalf of Converted Organics.
Vertical Farming is a concept that argues that it is economically and environmentally viable to cultivate plant or animal life within skyscrapers or high rise buildings. With 60% of the world's rising population now living in urban areas, the demand to produce food efficiently and environmentally friendly has never been greater. "Vertical Farming is a rapidly emerging industry, and we're excited to be at the forefront," said Nick Brusatore, Co-founder of TerraSphere Systems. "We're thrilled to be part of the conference, speaking alongside the industry's thought-leaders and striving to inform and educate the public about the benefits of this sustainable method of producing food."
The organizers, Concise Conferences, have recruited four other well-known personalities in this space. Hans Hassle is a pioneer in Corporate Social Responsibility and CEO of Plantagon. January 20th 2011, Plantagon signed a letter of intent with the Botkyrka municipality in Sweden for establishing a vertical greenhouse. The construction of a vertical greenhouse in Botkyrka, (Sweden) will be one of the first of its kind within the Vertical Farming concept. Dr. Dickson Despommier, Ph.D. is a full-time professor in the Department of Environmental Health Sciences at Columbia University and arguably the best known personality within the community. Gordon Graff is responsible for designing the Toronto Skyfarm. The Toronto Skyfarm is a self-sustaining, low impact system, equipped with its own bio-gas plant able to produce methane from its own waste which could be burned to generate its own electricity. Stephen Fane is the CEO of Valcent Products Inc. Stephen became a hydroponic greenhouse entrepreneur twenty years ago. In 1990, he acquired a five-acre hydroponic greenhouse operation that produced bell peppers, which he expanded to over 75 acres under glass. This free event is an online conference starting at 12pm February 28th. Follow this link for more information and to register:
http://bit.ly/eIK1mYAbout Converted Organics Inc.
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=7431About Concise Conferences
Concise Conferences (
www.Concise-Conferences.com) is the FREE Internet-based conference organizer that's good for the planet, and your bottom line. The company sponsors free web-casts focused on green collar business. Concise Conferences' mission is to offer convenient access to global experts without creating conference carbon costs.
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. Forward-looking statements include the ongoing customer demand for the Company's products and the Company's ability to continue to become more efficient in its operations. 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 described in the "Risk Factors" section in the Company's most recently filed annual report on Form 10-K, as updated in the Company's quarterly reports on Form 10-Q filed since the annual report, not all of which are known to the Company. 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.
CONTACT: Investor Contacts:
Converted Organics Inc.
Jim Blackman, 713-256-0369
PR Financial Marketing