Converted Organics Inc. (NASDAQ: COIN) announced today that the Company shipped its LC 1-1-1 liquid organic fertilizer to Liberty Acres Fertilizer Corporation, a leading single-source fertilizer company that services the East Coast agriculture market from five strategically-located distribution centers in Florida, Georgia, South Carolina and North Carolina. Liberty Acres, a division of B.B. Hobbs Company, Inc., supports the fertigation needs of fresh fruit and vegetable growers from Florida to Delaware who utilize drip irrigation systems. “Partnering with Liberty Acres to provide fruit and vegetable growers with our unique LC 1-1-1 liquid organic fertilizer opens the door for Converted Organics on the extremely important and vital East Coast agriculture market,” said David A. Flannery, Vice President of Marketing for Converted Organics. “By working with Converted Organics, Liberty Acres can, for the first time, offer organic and conventional growers in the east a new range of organic fertilizers that are environmentally-friendly and safe for annual crops such as tomatoes, peppers, melons and strawberries.” Converted Organics anticipates additional shipments of its LC 1-1-1 liquid organic fertilizer to Liberty Acres’ Darlington, South Carolina distribution center in upcoming weeks. About Liberty Acres Fertilizer Corporation In 1992, B. B. Hobbs Company gained a new affiliate, Liberty Acres Fertilizer Corporation. Liberty Acres was founded to support the fertigation needs of growers using drip irrigation systems in commercial vegetable and ornamental nursery production. The founding principle was quality products at competitive pricing. Liberty Acres still functions based on this principle today, even though the product line has grown. The introduction of our other product lines have increased our ability to offer a complete approach to our grower's nutritional needs as well as develop more comprehensive programs for our growers at very competitive prices. Let us show you what Liberty Acres' complete service packages can do for you.
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. Converted Organics’ flagship manufacturing facility is located in Woodbridge, New Jersey. A second manufacturing site is located in Gonzales, California. Converted Organics' products have been tested in numerous field trials for more than a dozen crops with the result that, on average, the net value of the farmer's crop increased 11-16 percent, depending on the particular crop and product application. This is due, in part, to the disease suppression characteristics of the product, which reduce or eliminate the need for other costly, often toxic, crop protection applications. In a number of lab and field trials, Converted Organics’ liquid product has been shown to be effective in mitigating powdery mildew, a leaf fungus that affects most plants and grasses and restricts the flow of water and nutrients to the plant. Increased use of nitrogen in commercial agriculture and turf grass applications, such as on golf courses, has reduced the soil's ability to absorb nitrogen and other nutrients. Using the products produced by Converted Organics helps restore the soil by replenishing these micronutrients. This reduces the amount of nitrogen required in a virtuous cycle that benefits from long-term use. As a result, use of the product reduces chemical run-off to streams, ponds and rivers, an objective with significant long-term benefits to the environment. Converted Organics’ products have a long shelf life compared to many other organic fertilizers. The Company's fertilizer products can be used on a stand-alone basis or in combination with more traditional fertilizers and crop protection products. Converted Organics expects to benefit from increased regulatory focus on organic waste processing and on environmentally-friendly growing practices.
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