- 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
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