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Posted by invester on :
 
Converted Organics Receives Organic Fertilizer Order from Walmart
Caribbean Distributor Matosantos Registers Products in Puerto Rico



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COIN 0.80 0.00


{"s" : "coin","k" : "c10,l10,p20,t10","o" : "","j" : ""} Press Release Source: Converted Organics Inc. On Tuesday January 5, 2010, 11:29 am EST
BOSTON--(BUSINESS WIRE)--Converted Organics Inc. (NASDAQ:COIN) announced today that the Company received an order for its all-natural, organic fertilizers from Walmart of Puerto Rico. The order was received by Matosantos Commercial Corporation, the Company’s exclusive distributor in the Caribbean, which recently completed the Commonwealth of Puerto Rico Department of Agriculture’s registration process for Converted Organics’ Lawn & Turf™ 8-1-4, Flower & Garden™ 4-1-8 and Indoor & Container™ 4-1-8 organic fertilizer products.

“Converted Organics has generated a great deal of interest in the Caribbean market as an environmentally-friendly and cost-efficient program,” said Geronimo Matosantos, Executive Vice President of Sales and Marketing for Matosantos Commercial Corporation. “During the last six months, key customers have tested the products in different environments, and their performances have exceeded expectations.”

“As an island ecology, Puerto Rico is sensitive to the use of petrochemicals. Puerto Rico and the Caribbean represent important markets for Converted Organics because they are tropical environments with steady demand throughout the year,” said Edward J. Gildea, President of Converted Organics. “We welcome Walmart’s order and, in addition to the retail market, Converted Organics looks forward to supplying the golf course and agriculture markets on the island, as well as potentially throughout the Caribbean.”

About Walmart

Every week, millions of customers visit Walmart stores, Neighborhood Markets, and Sam’s Club locations across America or log on to its online store at www.walmart.com. The company and its Foundation are committed to a philosophy of giving back locally. Walmart is proud to support the causes that are important to customers and associates right in their own neighborhoods, and last year gave more than $378 million to local communities in the United States.

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.
 
Posted by invester on :
 
Converted Organics' Manufacturing Process, Products Highlighted as Solution to America's Food Waste Problem
Reduction of Greenhouse Gases from Landfills an Added Benefit



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Symbol Price Change
COIN 0.8000 0.0000


{"s" : "coin","k" : "c10,l10,p20,t10","o" : "","j" : ""} Press Release Source: Converted Organics Inc. On Thursday January 7, 2010, 9:28 am EST
BOSTON--(BUSINESS WIRE)--Converted Organics Inc. (NASDAQ:COIN) announced today that the Company’s proprietary High Temperature Liquid Composting (HTLC) process and unique organic granular and liquid fertilizer products are the focus of a news segment recently posted on www.nj.com, New Jersey’s largest local web site. The segment highlights the quantity of food waste produced in America annually, and positions Converted Organics as a solution to this widespread problem:

“Stinking rotting food waste. The United States produces 25 million tons of it per year, but very little of it is recycled, more often ending up in landfills. Well, an innovative company called Converted Organics is changing all of that. They transform food waste into organic fertilizer.”

The news segment, shot at Converted Organics’ Woodbridge, N.J. plant, details how the Company’s novel HTLC process converts food waste into organic granular and liquid fertilizer products for residential, municipal, agricultural and landscape use. Converted Organics’ General Manager Dean Ulrich narrates the steps of the manufacturing process throughout the segment.

“I get a good feeling knowing that the material we’re bringing in is not going to the landfill and we’re making a viable product out of something that other people would just call trash,” said Mr. Ulrich. “By diverting food from landfills where it decomposes to produce methane gas, we are not only converting trash into a valuable product, we also help reduce a greenhouse gas that is twenty times more destructive than carbon dioxide, so there are multiple benefits to our process.”

The segment, developed by The Star Ledger reporter Andre Malok, can be viewed at: http://videos.nj.com/star-ledger/2009/12/new_jersey_manufacturer_makes.html.
 
Posted by invester on :
 
Look at the insiders.


31-Dec-09 GILDEA EDWARD J
Officer 3,250 Indirect Purchase at $0.70 per share. $2,275
30-Dec-09 ALLEN DAVID R
Officer 5,000 Direct Purchase at $0.69 per share. $3,449
30-Dec-09 GILDEA EDWARD J
Officer 6,500 Indirect Purchase at $0.70 per share. $4,550
28-Dec-09 GILDEA EDWARD J
Officer 13,000 Indirect Purchase at $0.64 - $0.65 per share. $8,3852
28-Dec-09 GILDEA EDWARD J
Officer 6,000 Indirect Purchase at $0.65 per share. $3,900
23-Dec-09 GILDEA EDWARD J
Officer 8,000 Indirect Purchase at $0.65 - $0.66 per share. $5,2402
22-Dec-09 GILDEA EDWARD J
Officer 7,000 Indirect Purchase at $0.68 per share. $4,760
21-Dec-09 GILDEA EDWARD J
Officer 8,000 Indirect Purchase at $0.63 per share. $5,040
20-Apr-09 GILDEA EDWARD J
Officer 4,000 Direct Purchase at $0.85 per share. $3,400
15-Apr-09 GILDEA EDWARD J
Officer 1,000 Indirect Purchase at $0.91 per share. $910
15-Apr-09 GILDEA EDWARD J
Officer 1,000 Direct Purchase at $0.90 - $0.91 per share. $9052
30-Mar-09 GILDEA EDWARD J
Officer 1,000 Direct Purchase at $0.83 per share. $830
8-Jan-09 STOLTENBERG EDWARD A
Director 35 Indirect Purchase at $4.94 per share. $172
25-Nov-08 GILDEA EDWARD J
Officer 3,500 Direct Purchase at $2.74 - $2.83 per share. $9,7472
10-Oct-08 GILDEA EDWARD J
Officer 1,000 Indirect Purchase at $3.58 per share. $3,580
30-Sep-08 GILDEA EDWARD J
Officer 1,000 Indirect Purchase at $4.59 - $4.75 per share. $4,6702
11-Jul-08 GILDEA EDWARD J
Officer 1,000 Indirect Purchase at $4.95 per share. $4,950
17-Jun-08 STOLTENBERG EDWARD A
Director 3,000 Indirect Acquisition (Non Open Market) at $3.75 per share. $11,250
23-May-08 GILDEA EDWARD J
Officer 1,000 Indirect Purchase at $7.46 per share. $7,460
22-May-08 ALLEN DAVID R
Officer 1,000 Indirect Purchase at $7.87 per share. $7,870
22-May-08 GILDEA EDWARD J
Officer 1,000 Indirect Purchase at $7.57 per share. $7,570
6-May-08 PAULSON CAPITAL CORP
Beneficial Owner (10% or more) 5,260 Indirect Sale at $10.60 per share. $55,756
10-Apr-08 PAULSON CAPITAL CORP
Beneficial Owner (10% or more) 16,024 Indirect Option Exercise at $8.25 per share. $132,198
2-Apr-08 GILDEA EDWARD J
Officer 851 Direct Acquisition (Non Open Market) at $8.25 per share. $7,020
28-Mar-08 STOLTENBERG EDWARD A
Director 7,000 Indirect Acquisition (Non Open Market) at $3.75 per share. $26,250
28-Mar-08 BUCHANAN THOMAS R
Officer 50,000 Direct Acquisition (Non Open Market) at $3.75 per share. $187,500
28-Mar-08 WALSDORF JOHN A
Officer 500 Indirect Purchase at $10.79 per share. $5,395
26-Mar-08 PAULSON CAPITAL CORP
Beneficial Owner (10% or more) 4,077 Indirect Sale at $11.25 - $11.75 per share. $47,0002
25-Mar-08 PAULSON CAPITAL CORP
Beneficial Owner (10% or more) 2,000 Indirect Sale at $10.55 - $11 per share. $22,0002
24-Mar-08 PAULSON CAPITAL CORP
Beneficial Owner (10% or more) 1,000 Indirect Sale at $9.50 per share. $9,500
19-Mar-08 PAULSON CAPITAL CORP
Beneficial Owner (10% or more) 1,000 Indirect Sale at $9.06 per share. $9,060
18-Mar-08 PAULSON CAPITAL CORP
Beneficial Owner (10% or more) 1,000 Indirect Sale at $10.87 per share. $10,870
17-Mar-08 PAULSON CAPITAL CORP
Beneficial Owner (10% or more) 2,000 Indirect Sale at $10.21 per share. $20,420
7-Mar-08 PAULSON CAPITAL CORP
Beneficial Owner (10% or more) 15,260 Indirect Option Exercise at $6.60 per share. $100,716
6-Mar-08 PAULSON CAPITAL CORP
Beneficial Owner (10% or more) 11,077 Indirect Option Exercise at $6.60 per share. $73,108
6-Mar-08 PAULSON CAPITAL CORP
Beneficial Owner (10% or more) 6,077 Indirect Sale at $16.01 - $17 per share. $100,0002
5-Mar-08 PAULSON CAPITAL CORP
Beneficial Owner (10% or more) 5,000 Indirect Sale at $15.19 per share. $75,950
20-Feb-08 PAULSON CAPITAL CORP
Beneficial Owner (10% or more) 11,077 Indirect Option Exercise at $6.60 per share. $73,108
18-Jan-08 GILDEA EDWARD J
Officer 57,750 Direct Disposition (Non Open Market) at $0 per share. N/A


Data provided by EDGAR Online
* = Where indicated, some values are estimates.
1 = Potential proceeds estimated by the filer.
2 = Estimated based on the average of multiple prices reported.
3 = Multiple dates reported. Most recent date shown.




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Posted by invester on :
 
Just one of the Potash products

PotashAqueous Potash 0-0-10 is marketed as a natural fertilizer whose nutrients are derived from muriate of potash. Aqueous Potash 0-0-10 has been formulated to provide the grower with a high quality source of potash, suitable for a variety of crop applications.
Aqueous Potash 0-0-10 is recommended for use on both organic and conventional agricultural soils. Muriate of Potash (KCl) must be applied in a manner that minimizes chloride accumulation in the soil.
 
Posted by sju1973 on :
 
Looks like this one might have some potential.
 
Posted by invester on :
 
Extremely low float and an O'S of 32million This was $15 a little more than a year ago.
 
Posted by sju1973 on :
 
I noticed that when I looked at the 5 year chart. Fairly new company though. The Walmart news makes me a little nervious also. It looks to me that Walmart of Puerto Rico merely placed a one time order causing the stock to move a bit. Walmart is not listed as one of their retailers. I think this news (or lack thereof) is being pumped a little. But this does look like it has potential. I have added it to my watch list. I may pick some up this week is the price is right.
 
Posted by invester on :
 
Its a sustainable form of Fertilizer. Potash is in very short supply. With population growth in the world, China and India, we have a major problem. These guys are solving the problem. Walmat is no fool. It will be in the U.S. markets soon. I think this will be back in the $5-$10 range shortly.
 
Posted by invester on :
 
WTF? It had a .95 close, but then now shows .89 now??
 
Posted by invester on :
 
Converted Organics Continues U.S. Sales Force Expansion


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Companies:Converted Organics Inc Related Quotes
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COIN 0.89 +0.09


{"s" : "coin","k" : "c10,l10,p20,t10","o" : "","j" : ""} Press Release Source: Converted Organics Inc. On Tuesday December 8, 2009, 9:14 am EST
BOSTON--(BUSINESS WIRE)--Converted Organics Inc. (NASDAQ:COIN) announced that the Company has continued to expand its U.S. sales force with the recent appointment of Geoffrey McInnes as sales representative for fertilizer products into the agriculture market in the Pacific Northwest. Mr. McInnes will report to Converted Organics’ Vice President of Marketing, David A. Flannery, and is the third new sales representative to join Converted Organics within the past month.

Mr. McInnes brings over 20 years of sales and agriculture experience to Converted Organics. Prior to joining Converted Organics he spent 11 years as Vice President of Sales for Natural Sciences Group, Inc. of Fresno, CA, where he was responsible for sales of agriculture products to both organic and conventional growers. Mr. McInnes’ previous experience also includes tenures at Bio-Ag Services and Helena Chemical Company.

“Converted Organics is now very well positioned for sales growth in the agriculture market, given the recent additions of Geoffrey McInnes and two other, previously-announced, highly capable and experienced sales representatives, Michael W.H. Garrett and Michael Knight,” said David A. Flannery, Vice President of Marketing for Converted Organics. “This quarter, Converted Organics has more than doubled the size of our sales force to leverage key growth opportunities in the U.S. agriculture market.”
 
Posted by invester on :
 
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Independent Test Results Reconfirm Outstanding Nutritional Value of Converted Organics' Lawn & Turf 8-1-4 Organic Fertilizer


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COIN 0.9000 +0.1000


{"s" : "coin","k" : "c10,l10,p20,t10","o" : "","j" : ""} Press Release Source: Converted Organics Inc. On Thursday December 17, 2009, 10:00 am EST
BOSTON--(BUSINESS WIRE)--Converted Organics Inc. (NASDAQ:COIN) announced today that independent analytical tests have reconfirmed the exceptional nutritional value of its Lawn & Turf™ 8-1-4 organic granular fertilizer. Results of testing conducted by Midwest Laboratories, Inc. of Omaha, Nebraska indicate that Lawn & Turf™ 8-1-4 fertilizer efficiently and effectively provides nutrients to the soil to improve plant growth.

“These results reinforce the previously-stated benefits of Converted Organics’ Lawn & Turf™ 8-1-4 fertilizer. Converted Organics’ proprietary High Temperature Liquid Composting (HTLC) method of processing food waste results in a unique, solid organic fertilizer that rapidly stimulates soil microbial activities to quickly release mineral nutrients, as well as biologically active compounds, which enhance plant growth and development. This also conditions soils for increased nutrient and water holding capabilities,” said William A. Torello, Ph.D., Director of Product Research and Development for Converted Organics. “As our Lawn & Turf™ 8-1-4 customers have learned, high levels of polyphenols, fatty acids, anti-oxidants and natural plant hormones contribute to the proven strong disease and environmental stress suppression characteristics of our product.”

Specific test results found that the NPK (nitrogen/phosphorus/potassium) content for Lawn & Turf™ 8-1-4 was accurate, and that the product’s overall micronutrient package was greater than expected for tested essential micronutrients. Lawn & Turf™ 8-1-4’s naturally-occurring iron content was found to be 1.3 percent, versus the two percent content added to many other fertilizer products. The product’s carbon-to-nitrogen ratio was extremely low (5.1/1 versus the 10-20/1 ratio deemed as desirable for most organic fertilizers), thereby accounting for its rapid and effective reaction. Additionally, Lawn & Turf™ 8-1-4’s naturally-occurring humic acid content, which greatly increases nutrient and water holding capacities as well as enhances soil microbial activities and the overall physical condition of the soil, was reported at 16.5 percent. Humic acid must be added to most other organic fertilizers during the production process. Finally, tests results showed that Lawn & Turf™ 8-1-4’s organic matter content, which enables a fertilizer to improve the physical properties of soil by providing an energy source for beneficial organisms and enhancing the reservoir of soil nutrients, was 77 percent. As an industry rule, having greater than 20 percent organic matter in an organic fertilizer is considered desirable.

About Converted Organics Inc.
 
Posted by invester on :
 
I'm looking for this to be the next ticker SEED.
 
Posted by invester on :
 
.97
 
Posted by invester on :
 
Converted Organics to Showcase Products, Technology at 16 Industry Trade Shows in Early 2010
40 minutes ago - Businesswire

Related Companies
Symbol Last %Chg
COIN 0.94 5.37%
COINU 1.03 0.00%

As of 3:58 PM ET 1/11/10
Converted Organics Inc. (NASDAQ:COIN) announced today that the Company will showcase its proprietary High Temperature Liquid Composting (HTLC) technology and unique organic granular and liquid fertilizer products at 16 agricultural, golf industry and landscape trade shows throughout the country during the first months of 2010. Sales representatives will promote the benefits of the Converted Organics product line in order to enhance the Company's existing reputation and attract the attention of potential new customers.

"Trade shows are very useful venues for increasing Converted Organics' visibility among important audiences as a leading provider of high-quality organic fertilizer products," said Edward J. Gildea, President of Converted Organics. "By strategically targeting select trade shows in industries that are critical to our business, we are also able to form valuable connections with potential customers that can lead to additional sales."

Among others, trade shows in which Converted Organics will participate include:

-- January 12, 2010: The Wisconsin State Cranberry Growers Association Winter Meeting & Trade Show; Stevens Point, WI

-- January 12-14, 2010: Vegetable Growers Association Conference; Atlantic City, NJ

-- January 14-15, 2010: Sports Turf Managers Association of Florida, 21st Annual Conference and Exhibition; Orlando, FL

-- January 27-28, 2010: The Unified Wine & Grape Symposium; Sacramento, CA

-- February 3-5, 2010: New England Grows!; Boston, MA,

-- February 6-7, 2010: CCOF Annual Meeting Sponsor; Chico, CA

-- February 9-11, 2010: World Ag Expo; Tulare, CA

-- February 10-11, 2010: 2010 Golf Industry Show; San Diego, CA

-- February 25, 2010: The Ecological Landscaping Association 16th Annual Conference; Springfield, MA

-- February 25-27, 2010: The Orgill 2010 Spring Dealer Market; Orlando, FL

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.

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.

COIN-G

SOURCE: Converted Organics Inc.

PR Financial Marketing
Investor Contact:
Jim Blackman, 713-256-0369
jim@prfmonline.com
or
Sterling Communications
Public Relations Contact:
Pat Fiaschetti, 908-996-7945
 
Posted by invester on :
 
SmarTrend Detects Continued Buying Pressure in Shares of Converted Organics (COIN)
56 minutes ago - Comtex Smartrend(r)

Related Companies
Symbol Last %Chg
COIN 0.95 6.39%

As of 10:56 AM ET 1/12/10
SmarTrend identified an Uptrend for Converted Organics (NASDAQ:COIN) on January 05, 2010 at $0.81. In approximately 1 week, Converted Organics has returned 14.8% as of today's recent price of $0.93.

Converted Organics is currently above its 50-day moving average of $0.72 and should find resistance at its 200-day moving average of $1.11. Look for these moving averages to climb to confirm the company's upward momentum.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Converted Organics shares.

Write to Chip Brian at cbrian@tradethetrend.com
 
Posted by jdizz on :
 
how hight do you think this sould go invester?
 
Posted by invester on :
 
Should touch $5 or so in a couple of months with such a low O/S count.
 
Posted by jdizz on :
 
ok i will have to buy a few shares then
 
Posted by jdizz on :
 
this just makes me a little iffy becasue the chart shows a steady decline the last 2 years.. but i guess they got the deal with walmart so it might change that
 
Posted by sju1973 on :
 
I'm in. 5k shares at .919. Good luck to all.
 
Posted by invester on :
 
Every chart shows a steady decline for the past two years LoL. Not really, But I do think this one will go.
 
Posted by jdizz on :
 
ok good deal
 
Posted by invester on :
 
I see a day high close
 
Posted by invester on :
 
.96
 
Posted by invester on :
 
$1.01
 
Posted by jdizz on :
 
volume is crazy right now lol a crap load of buys are coming in
 
Posted by invester on :
 
$1.03
 
Posted by invester on :
 
$1.06 on Huge volume
 
Posted by jdizz on :
 
why do you think such high volume?
 
Posted by jdizz on :
 
my funds arent available until tomm, i wish this tank wouldnt have gone off todahy geez
 
Posted by invester on :
 
Prob. news coming. I'm telling you, this one is really undervalued. Its a renewable potash company. Its worth $5-$10 easy with the current O/S. This should move much like ticker SEED
 
Posted by invester on :
 
$1.07
 
Posted by invester on :
 
We traded 4.5 million yesterday. Were already at 3.2 million
 
Posted by jdizz on :
 
hit 1.17 lol!
 
Posted by invester on :
 
$1.17
 
Posted by jdizz on :
 
and you are right about the news...
 
Posted by invester on :
 
Oh Ya!!!!!!!!!!!!


Converted Organics Inc COIN(D*):NASDAQ *Financial Status Indicator is Deficient: Issuer Failed to Meet NASDAQ Continued Listing Requirements Education help is ON .Sector: Basic Materials Industry: Chemical Manufacturing
1.11 0.2079 23.05% 5,129,818 Last Trade as of 10:03 AM ET 1/13/10 Trade
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Converted Organics Inc. (NASDAQ:COIN) announced today that, in connection with previously-received orders from Walmart announced last week, the Company has also received orders for its all-natural, organic fertilizers from Sam's Club of Puerto Rico and the Amigos supermarket chain of Puerto Rico. Both Sam's Club and Amigos are affiliates of Walmart. All orders were received by Matosantos Commercial Corporation, the Company's exclusive distributor in the Caribbean.

"Interest in Converted Organics' organic fertilizer products continues to grow in Puerto Rico and throughout the Caribbean," said Geronimo Matosantos, Executive Vice President of Sales and Marketing for Matosantos Commercial Corporation. "The outstanding effectiveness and environmentally-friendly profiles of Converted Organics' products are very attractive to home owners."

"Converted Organics is very pleased that sales of our organic fertilizer products continue to increase in Puerto Rico with these newest orders from Sam's Club membership warehouse and Amigos, a well-respected supermarket chain with stores throughout the country," said Edward J. Gildea, President of Converted Organics. "Converted Organics is committed to continuing to expand our presence throughout the Caribbean in 2010."

About Sam's Club

Sam's Club is a division of Wal-Mart Stores, Inc., (NYSE:WMT). The first Sam's Club opened its doors in Midwest City, Okla., in 1983. Today, Sam's Club serves more than 47 million U.S. Members with locations nationwide, as well in Brazil, China, Mexico and Puerto Rico. Sam's Club saves its members on average 30.4 percent over grocery and specialty retailers by offering superior values on quality merchandise and services for home or work. Saving is made simple at Sam's Club. Visit samsclub.com for more information.

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.

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.

COIN-G

SOURCE: Converted Organics Inc.
 
Posted by sju1973 on :
 
We're rockin. Volume looks great.
 
Posted by invester on :
 
Sams club!!!!
 
Posted by sju1973 on :
 
Great news!
 
Posted by jdizz on :
 
invester do you see this product hitting the united states? i dont think it is yet..
 
Posted by invester on :
 
Walmart will typically have test markets before they expand through there entire network. This second order from a subsidiary "Sams Club" tells me its doing very well. I think it will be in the US shortly. This is the most nitch product I've seen. Everyone is working on renewable energy. There working on renewable Potash/Fertilizer. Its huge.
 
Posted by invester on :
 
Converted Organics Announces Organic Fertilizer Orders from Sam's Club, Amigos Supermarkets
15 minutes ago - Businesswire
 
Posted by invester on :
 
7.1 million volume Only 32 million O/S This will be at $5 soon
 
Posted by jdizz on :
 
ok so im guessing you will be holding until it hits $5+.. even though sams club and walmart are owned by the same person, it is still good it is in both stores!
 
Posted by invester on :
 
quote:
Originally posted by jdizz:
ok so im guessing you will be holding until it hits $5+.. even though sams club and walmart are owned by the same person, it is still good it is in both stores!

I just said that "This second order from a subsidiary"
 
Posted by jdizz on :
 
ok sorry
 
Posted by sju1973 on :
 
quote:
Originally posted by jdizz:
invester do you see this product hitting the united states? i dont think it is yet..

Their products ARE available in the US at Home Depot & Whole Foods mostly on the East Coast.

Just not Walmart or Sam's Club yet.
 
Posted by jdizz on :
 
sweet thanks sju
 
Posted by jdizz on :
 
looks like alot of shares being baugh through the company lately!

http://ir.convertedorganics.com/sec.cfm
 
Posted by invester on :
 
"Their products ARE available in the US at Home Depot & Whole Foods mostly on the East Coast. "


Thats right!
 
Posted by invester on :
 
$1.23
 
Posted by jdizz on :
 
just talked to jim from ir (Jeff please call me 713-256-0369. Thanks Jim) he didnt say too much but what he did say is that there is going to be a whole lot more stores selling their product than last year..
 
Posted by invester on :
 
18 million traded before noon. This will be at $1.30-$1.40 by close
 
Posted by jdizz on :
 
they just sent me a pretty interesting power poing, does anyone know how to send a pdf file?
 
Posted by invester on :
 
quote:
Originally posted by jdizz:
they just sent me a pretty interesting power poing, does anyone know how to send a pdf file?

Can you just open it, copy, then paste it to the Allstock page?
 
Posted by invester on :
 
I thought it would have had a little more of a lunch time pullback. Looks like we might hit $1.40-$1.50 close.
 
Posted by sju1973 on :
 
I did too invester. It's holding its own though. Very nice pick.
 
Posted by invester on :
 
21.5 million on a 32 million O/S I'm looking for a several day rally before pullback.
 
Posted by invester on :
 
Based on the chart, it should bounce $1.15.
 
Posted by jdizz on :
 
its like 25 pages long.. its a slide show
 
Posted by invester on :
 
Today's Big Gainers: MRNA, COIN, OEH
6 minutes ago - Marketnewsvideo.com

Related Companies
Symbol Last %Chg
COIN 1.15 27.49%
MRNA 1.44 51.75%
WMT 54.93 0.37%
DB 73.63 -0.63%
OEH 10.94 8.86%

As of 2:51 PM ET 1/13/10
This morning, MDRNA (MRNA) announced positive test results from its bladder and liver cancer treatments. The treatment targets the genes responsible for tumor growth in bladder and liver cells and results released this morning showed reductions in tumors growth. On the news, shares of MDRNA were trading sharply higher, up more than sixty percent.

Converted Organics (COIN) raced higher Wednesday mornin on the news it had received new orders for its all-natural organic fertilizer from both Sam's Club of Puerto Rico and the Amigos supermarket chain of Puerto Rico. Both retailers are affiliates of Wal-Mart, who also announced last week that it would be stocking its shelfs with Converted Organics fertilizer products. In morning trading, shares of COIN were trading higher by more than thirty five percent.

And Orient-Express Hotels (OEH) saw its shares rallying this morning following the pricing of its stock offering. The company priced 12 million Class A shares at $10.00 each, plus an additional 1.8 million to cover over-allotments. Deutsche Bank and Barclays are acting as joint book-running managers for the offering and the company is expected to receive net proceeds of $114 million before the over-allotment. Shares of Orient-Express Hotels were showing strong gains today, up more than eight percent on the news.

The preceeding is a transcript of the MarketNewsVideo.com video published at: http://www.marketnewsvideo.com/?id=201001BigGainers011310&mv=1.

http://www.marketnewsvideo.com/
 
Posted by invester on :
 
Up 25% $1.13 Based on the volume, that close made no sense. MM's collecting after the news.
 
Posted by invester on :
 
$1.15 A/H
 
Posted by sju1973 on :
 
Not a bad close over all though. Could have been a huge sell off.
 
Posted by invester on :
 
This will be $5 very soon. That would be a market cap of $150 million in this space, with there saturation. If they explode, which I think they will, $1.5 billion would be a $50 stock.
 
Posted by dowjones on :
 
Wish I had of gotten in on this earlier! Went with MDCE.OB instead and got off of that quick, fast and in a hurry with a nice little gain. COIN is definitely on my watch list.
 
Posted by invester on :
 
This company's a big deal. One of the better ones I've found. Couple that with the extremely low float, the $5 short term target is definitely there.
 
Posted by invester on :
 
$1.14B
$1.15A
 
Posted by invester on :
 
Gaping.
 
Posted by jdizz on :
 
lets see this roll today.. finally got my funds
 
Posted by invester on :
 
Buys at $1.15
 
Posted by invester on :
 
110000 buy at open.
 
Posted by invester on :
 
Bought more at $1.05
 
Posted by sju1973 on :
 
Entered a stop order this morning to protect my initial investment should this fall hard. I'm long otherwise for a while. I really think this one is going to do very well.
 
Posted by invester on :
 
Big buys at $1.09 This ones going to run hard
 
Posted by invester on :
 
Found a base at $1.05
 
Posted by jdizz on :
 
isnt this what usually happens the next day after a stock goes up preety heavaily? alot of people want to cash out?
 
Posted by invester on :
 
quote:
Originally posted by jdizz:
isnt this what usually happens the next day after a stock goes up preety heavaily? alot of people want to cash out?

Sometimes. I'm buying on dips.
 
Posted by sju1973 on :
 
I think we will move a little at close today. IMO, buyers are looking for the low of day to buy in. I feel near close we will see those buyers getting in as we are riding that baseline right now. The chart looks good right now. Pretty much what I expected. After a huge day like yesterday we were sure to have a little sell off. The trend is up and looks good.
 
Posted by invester on :
 
Agreed.
 
Posted by invester on :
 
Stock Alert Converted Organics Inc. (COIN)(D*)
January 14, 2010
Converted Organics Inc. (NASDAQ: COIN)(D*)
* Financial status indicator is deficient: Issuer failed to meet NASDAQ continued listing requirements.

Converted Organics Inc. (COIN) operates processing facilities that use food waste as raw material to manufacture all-natural soil amendment products combining nutritional and disease suppression characteristics. In addition to its sales in the agribusiness market, the Company sells and distributes its products in the turf management and retail markets. As of December 31, 2008, the Company operated two facilities: Woodbridge facility and Gonzales facility. The Company derives revenue from two sources: tip fees and product sales. Waste haulers pay the tip fees to the Company for accepting food waste generated by food distributors, such as grocery stores, produce docks, fish markets and food processors, and by hospitality venues, such as hotels, restaurants, convention centers and airports. On January 24, 2008, the Company acquired Waste Recovery Industries, LLC (WRI) and United Organic Products, LLC (UOP).
Converted Organics Inc. was founded in 2003 and is headquartered in Boston, Massachusetts.

Share Statistics (13-Jan-10)

FY

2007
FY

2008
%

Chg
Q3 2008
Q3 2009
%

Chg

Symbol COIN
Revenue, $Mn 0.0M
1.55M
16.7%
n/a
747K
n/a

Current price $1.33
Gross marg. n/a
-28.0%
n/a
n/a
-141.0%
n/a

52wk Range: $0.57-3.71
Oper. margin -n/m
-670.6%
n/a
n/a
-452.5%
n/a

Avg Vol (3m): 1,283,270
Net margin -n/m
-1043%
n/a
n/a
-643.9%
n/a

Market Cap. 43.7M







Dil. Shares Outst. 37.7M
EPS, $ -0.87
-2.70
-68.2%
n/a
-0.24
n/a


Source: Reuters.com, SEC Filings.


Financial Summary
Financial Strength (13-Jan-2010) Company Industry Sector S&P 500
Quick Ratio (MRQ) 0.24 1.42 1.05 0.93
Current Ratio (MRQ) 0.28 1.96 1.67 1.09
Long-Term Debt to Equity (MRQ) 1,830.15 24.62 25.32 123.53
Total Debt to Equity (MRQ) 1,989.85 44.09 39.90 182.87


Source: Reuters.com, SEC Filings.


Analyst Consensus
No chart available.

Source: www.ft.com


No consensus analysis data available.


Source: http://www.reuters.com/finance/stocks/financialHighlights?symbol=COIN.W

Investment Highlights

COIN recently announced that in connection with previously-received orders from Walmart announced last week, the Company has also received orders for its all-natural, organic fertilizers from Sam’s Club of Puerto Rico and the Amigos supermarket chain of Puerto Rico. Both Sam’s Club and Amigos are affiliates of Walmart. All orders were received by Matosantos Commercial Corp., the Company’s exclusive distributor in the Caribbean.

COIN announced last week that the Company’s proprietary High Temperature Liquid Composting (HTLC) process and unique organic granular and liquid fertilizer products are the focus of a news segment recently posted on www.nj.com, New Jersey’s largest local Web site.

The news segment, shot at COINs’ Woodbridge, N.J. plant, details how the Company’s novel HTLC process converts food waste into organic granular and liquid fertilizer products for residential, municipal, agricultural and landscape use. COIN’s General Manager Dean Ulrich narrates the steps of the manufacturing process throughout the segment.

Source: http://www.convertedorganics.com/

Technical Analysis


Source: http://stockcharts.com


COIN is trading above its 50-day moving average. While this is normally considered to be a bullish sign, the moving average is downward sloping, which means that investors have been liquidating shares during this time period and tempers the bullishness of the signal.

COIN’s recent volatility has been greater than normal. This is evidenced by the increased distance between the upper and lower Bollinger Bands. These bands measure volatility using standard deviation and a large width is due to high volatility. Additionally, COIN is trading above its upper Bollinger Band. Relative to recent price action, the stock is currently overextended and due for either a pause or retracement.

The MACD for COIN currently indicates a strong bullish signal for two reasons. First, the MACD is above the signal line, a 9-day moving average. Second, the MACD is above 0, which implies that the underlying moving averages are trending higher.

Comparative Analysis
Company Name
Ticker
Price per
Mrkt. Cap.
P/E
P/S

Jan-13-2010
symbol
Share, $
$ Mn
2009
2010
2009
2010









Terra Industries Inc. TRA
32.36
3.23B
10.06
n/a
1.75
n/a

Total SA TOT
65.61
146.43B
n/a
n/a
n/a
n/a

El DuPont de Nemours & Co. DD
34.39
31.08B
46.22
n/a
n/a
n/a

Agricultural Chemicals Median


60.24B
28.14
n/a
n/a
n/a

Converted Organics Inc. COIN
1.33
43.7M
n/a
n/a
11.44
n/a


Source: Thomson Financial


Insider Trading Activity
NET SHARES PURCHASE ACTIVITY

Inside Purchases – Last 6 Months

Shares
Transaction

Purchases 56,750
7

Sales n/a
0

Net Shares Purchased (Sold) 56,750
7

Total Insider Shares Held 1.01M
n/a

% Net Shares Purchased (Sold) 6.0%
n/a

Net Institutional Purchases — Prior Qtr to Latest Qtr

Shares

Net Shares Purchased (Sold) (92,465)

% Change in Institutional Shares Held (70.0%)



Source: Yahoo Finance

Report Dislcaimer
DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the “SEC”) or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice.

The information contained in our report should be viewed as commercial advertisement and is not intended to be investment advice. The report is not provided to any particular individual with a view toward their individual circumstances. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.

Our newsletter and website have been prepared for informational purposes only and are not intended to be used as a complete source of information on any particular company. An individual should never invest in the securities of any of the companies profiled based solely on information contained in our report. Individuals should assume that all information contained in the report about profiled companies is not trustworthy unless verified by their own independent research.

Any individual who chooses to invest in any securities should do so with caution. Investing in securities is speculative and carries a high degree of risk; you may lose some or all of the money that is invested. Always research your own investments and consult with a registered investment advisor or licensed stock broker before investing.

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To the fullest extent of the law, we will not be liable to any person or entity for the quality, accuracy, completeness, reliability, or timeliness of the information provided in the report, or for any direct, indirect, consequential, incidental, special or punitive damages that may arise out of the use of information we provide to any person or entity (including, but not limited to, lost profits, loss of opportunities, trading losses, and damages that may result from any inaccuracy or incompleteness of this information).

We encourage you to invest carefully and read investment information available at the websites of the SEC at http://www.sec.gov and FINRA at http://www.finra.org.
 
Posted by invester on :
 
Agricultural Chemical Stock Alert for Converted Organics Inc. Issued by StockPreacher

Buzz up! 2 Print..Companies:Converted Organics Inc.Related Quotes
Symbol Price Change
COIN 1.04 0.00


{"s" : "coin","k" : "c10,l10,p20,t10","o" : "","j" : ""} Press Release Source: StockPreacher On Thursday January 14, 2010, 6:50 am EST

DALLAS, Jan. 14, 2010 (GLOBE NEWSWIRE) -- StockPreacher.com announces an investment report featuring Converted Organics Inc. (Nasdaq:COIN - News). The report includes financial and investment analysis, analyst consensus, and pertinent industry information you need to know to make an educated investment decision.


The full report is available at: http://www.stockpreacher.com/n/COIN


Get our alerts BEFORE the rest of the market. Follow us on Twitter: http://twitter.com/StockPreacher


Converted Organics Inc. (COIN) operates processing facilities that use food waste as raw material to manufacture all-natural soil amendment products combining nutritional and disease suppression characteristics. In addition to its sales in the agribusiness market, the Company sells and distributes its products in the turf management and retail markets. As of December 31, 2008, the Company operated two facilities: Woodbridge facility and Gonzales facility. The Company derives revenue from two sources: tip fees and product sales. Waste haulers pay the tip fees to the Company for accepting food waste generated by food distributors, such as grocery stores, produce docks, fish markets and food processors, and by hospitality venues, such as hotels, restaurants, convention centers and airports. On January 24, 2008, the Company acquired Waste Recovery Industries, LLC (WRI) and United Organic Products, LLC (UOP).


Message Board Search for COIN: http://www.boardcentral.com/boards/COIN


In the report, the analyst notes:


"COIN recently announced that in connection with previously-received orders from Walmart announced last week, the Company has also received orders for its all-natural, organic fertilizers from Sam's Club of Puerto Rico and the Amigos supermarket chain of Puerto Rico. Both Sam's Club and Amigos are affiliates of Walmart. All orders were received by Matosantos Commercial Corporation, the Company's exclusive distributor in the Caribbean.


"COIN announced last week that the Company's proprietary High Temperature Liquid Composting (HTLC) process and unique organic granular and liquid fertilizer products are the focus of a news segment recently posted on www.nj.com, New Jersey's largest local Web site."


To read the entire report visit: http://www.stockpreacher.com/n/COIN


See what investors are saying about COIN at penny stock forum


StockPreacher.com is a small-cap research and investment commentary provider. StockPreacher.com strives to provide a balanced view of many promising small-cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in their research and due diligence by providing daily trading ideas, and consolidating the public information available on them. For more information on StockPreacher, please visit: http://www.stockpreacher.com


StockPreacher.com Disclosure


StockPreacher.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. StockPreacher.com is a Web site wholly owned by BlueWave Advisors, LLC. Please read our report and visit our Web site, StockPreacher.com, for complete risks and disclosures.
 
Posted by invester on :
 
Bought more at .97
 
Posted by invester on :
 
$1.04 Looks like consolidation is done. We’ll run from here.
 
Posted by invester on :
 
$1.07 Running
 
Posted by invester on :
 
$1.10
 
Posted by invester on :
 
$1.15


Consumer Goods Converted Organics Surges; Rivals Fall
By Andrea Tse 01/13/10 - 11:27 AM EST

Loading Comments...
Add CommentStock quotes in this article: COIN , TRA , CF , AGU NEW YORK (TheStreet) -- Shares of small-cap, Boston-based organic soil amendment and fertilizer manufacturer Converted Organics(COIN Quote) have shot up after the company announced orders from Walmart affiliates today.
More on COIN
Fertilizer War Over! CF Ends Pursuit of TerraPoll: Potash to Pace Ag Stocks in 2010Which Fertilizer Stock Will Outperform?Market Activity
CF Industries Holdings Incorporated| CF UPAgrium Incorporated| AGU DOWNConverted Organics Incorporated| COIN UPBy late morning, Converted Organics had skyrocketed by 25.3% to $1.10.
So far, more than 11.1 million shares in Converted Organics have traded hands today, compared to a three-month average trading volume of 1.3 million.
Converted Organics said that in connection to previous orders from Walmart of Puerto Rico, announced last week, the company has also gotten orders for its all-natural, organic fertilizers from Sam's Club of Puerto Rico and the Amigos supermarket chain of Puerto Rico.
Both Walmart affiliates placed the orders with Matosantos Commercial, Converted Organics' distributor in the Carribean.
The company says there's been growing interest in its products throughout Puerto Rico and the Caribbean due to their environmentally-friendly profiles.
"Converted Organics is committed to continuing to expand our presence throughout the Caribbean in 2010," said Edward Gildea, president of Converted Organics.
Other fertilizer companies are trading lower this morning. Terra Industries(TRA Quote) has tumbled by 3.9% to $32.10, while CF Industries(CF Quote) has inched lower to $94.30, down 0.5%.
Agrium(AGU Quote) has fallen by 1.9% to $65.30.
 
Posted by sju1973 on :
 
Holding its own. Looking at the 4 month chart it's right on track. Very nice so far.
 
Posted by invester on :
 
Bought more at $1.13 I've got a large position in this. I see this exploding shortly.
 
Posted by jdizz on :
 
just baught 2k shares at 1.09
 
Posted by Lockman on :
 
http://stockcharts.com/h-sc/ui?s=COIN&p=D&b=5&g=0&id=p23030200359
 
Posted by jdizz on :
 
anyone got any predictions today?
 
Posted by invester on :
 
quote:
Originally posted by jdizz:
anyone got any predictions today?

Looks like all the sellers are gone. This should run shortly. $1.10
 
Posted by jdizz on :
 
good to hear. thanks for the input invester.
 
Posted by jdizz on :
 
Converted Organics Retains Crossbow Group for 2010 Marketing Efforts
 
Posted by invester on :
 
Converted Organics Retains Crossbow Group for 2010 Marketing Efforts
4 minutes ago - Businesswire

Related Companies
Symbol Last %Chg
COIN 1.14 4.58%
COINU 1.30 0.00%

As of 1:35 PM ET 1/15/10
Converted Organics Inc. (NASDAQ: COIN) announced today that it has retained Crossbow Group of Westport, CT to develop high impact advertising and marketing communications programs targeted to several of the firm's target markets. Crossbow Group will be developing measurable, scalable programs for the retail lawn and garden, agriculture, professional lawn care and golf course markets. Programs will roll-out in the first quarter of 2010.

"We chose Crossbow Group because of their expertise in helping companies cost-effectively acquire new customers and drive sales," said David Flannery, Vice President of Marketing, Converted Organics. "Crossbow Group is comprised of experienced marketers with a disciplined approach that will enable us to develop and implement integrated marketing programs aimed directly at fertilizer buyers in our target markets. Working with Crossbow to drive sales is one component of Converted Organics' comprehensive sales and marketing strategy for 2010."

"The U.S. generates more than 25 million tons of solid food waste each year. Converted Organics uses advanced bio-scientific processes to convert this waste -- which would otherwise end up producing greenhouse gases in landfills -- into highly effective fertilizer that's safer for kids, pets and the foods we eat. Theirs is an environmentally sustainable solution that's also great business," said Jay Bower, Crossbow Group President. "We look forward to working with Converted Organics' management team to meet aggressive new customer acquisition goals for 2010."

About Crossbow Group

Crossbow Group, one of B-to-B Magazine's Agencies of the Year for the third straight year, is a full-service direct and interactive marketing and communications agency with expertise in developing high impact programs that drive measurable results -- across the entire spectrum of communications media. With a solid grounding in the discipline of conventional and interactive marketing, Crossbow Group ensures that all communications work together as an integrated whole to achieve an ROI that meets or exceeds expectations. The firm's client list includes CIGNA HealthCare, T.Rowe Price, Intuit, Yahoo!, The Motley Fool and other well-known brands. For more information about the company, go to www.crossbowgroup.com or contact Jay Bower at (203) 222-2244 or jbower@crossbowgroup.com.

About Converted Organics

Converted Organics (NASDAQ:COIN, www.convertedorganics.com) 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.

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.

COIN-G

SOURCE: Converted Organics Inc.
 
Posted by invester on :
 
$1.19
 
Posted by jdizz on :
 
invester what is your price range until you sell?
 
Posted by invester on :
 
Large block buying.
 
Posted by invester on :
 
quote:
Originally posted by jdizz:
invester what is your price range until you sell?

I might sell half at $5 or so to eliminate my exposure. I do think this gets to $10 within a couple of months though. The float is nothing, thus major moves ahead.
 
Posted by jdizz on :
 
[/qb][/QUOTE]I might sell half at $5 or so to eliminate my exposure. I do think this gets to $10 within a couple of months though. The float is nothing, thus major moves ahead. [/QB][/QUOTE]


ok sweet
 
Posted by invester on :
 
At $10 the market cap is roughly $300 million. They have $16 million in cash, and 2010 Capex is already paid for, thus no chance of dilution. Couple that with all the news about Wal-Mart Home Depot Whole foods etc.. and this is cheap. I think there will also be supply deals for the feedstock “Food Waste” on the horizon
 
Posted by invester on :
 
$1.21
 
Posted by invester on :
 
Converted Organics Upward Momentum Looks to Continue (COIN)
12 minutes ago - Comtex Smartrend(r)

Related Companies
Symbol Last %Chg
COIN 1.21 11.01%

As of 10:36 AM ET 1/19/10
SmarTrend identified an Uptrend for Converted Organics (NASDAQ:COIN) on January 05, 2010 at $0.81. In approximately 2 weeks, Converted Organics has returned 39.5% as of today's recent price of $1.13.

Converted Organics is currently above its 50-day moving average of $0.74 and above its 200-day moving average of $1.11. Look for these moving averages to climb to confirm the company's upward momentum.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Converted Organics shares.

Write to Chip Brian at cbrian@tradethetrend.com
 
Posted by jdizz on :
 
hopefully it doesnt go below 1.20 anymore
 
Posted by invester on :
 
$1.25 Huge block buying
 
Posted by invester on :
 
29.4k at $1.23 Its trading above all moving averages. I see $2 shortly.
 
Posted by invester on :
 
$1.26 Look at these blocks. Big money coming in.
 
Posted by invester on :
 
This will close HOD
 
Posted by sju1973 on :
 
I really hope to see at least a $1.20 close.
 
Posted by jdizz on :
 
seems like the base is around 1.18-1.19 hopefully it stays there or goes higher!
 
Posted by invester on :
 
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.1:51PM Draft language suggests longer period of regulatory overhang- Deutsche Bank (APOL) : Deutsche Bank says due to the DoE's updated draft language for next week's final NegReg session they now expect a longer period of regulatory overhang for the market-funded education stocks. They had hoped next week's session would clear up most of the noise, but that is now highly unlikely. Without consensus, firm says the details of the proposed regulation will be unknown until the Notice of Proposed Rulemaking is published, prolonging the period of regulatory uncertainty. (APOL, APEI, COCO, DV, ESI)

1:41PM Semiconductors Hldrs Trust back vacillating near early high (SMH) 27.32 +0.39 : The Semi sector (SMH) was a laggard last week with it dropping more than 3% on Friday and as much as 6.3% off Monday's high. It held at support at its Oct high and 50 day ema and stabilized Friday with the early run today reaching 27.34 which has been retested in recent trade. For the near term as long as the 27.15/27.05 support area is not taken out, it will be in position for follow through upticks. Key short term resistances to work through to neutralize the recent weak pattern are at 27.60 and the 27.80/27.86 area (Click for chart) -- SNDK +6.3%, ADI +1.6%, ALTR +1.7%, AMAT +1.7%, AMD +2.2%, AMKR +1.8%, ATML +2%, LSI +1.7%, TER +1.8%, XLNX +1.6%.

1:37PM Fitch issues special report for 2010 U.S. health care credit outlook : Fitch Ratings issued a special report today on the U.S. Health Care Credit Outlook for 2010. The report provides supporting data and commentary to the conclusions listed in Fitch's outlook press release issued on Dec. 2, 2009, titled 'Fitch: Economic Pressure & Event Risk Will Drive U.S. Healthcare's Negative Outlook in 2010'. According to the report, Fitch's negative outlook for the U.S. Health Care sector for 2010 is driven by two keys factors - continued economic pressure and potential health care reform legislation. Persistent high unemployment impacting health insurance coverage along with a muted ability for people to manage out-of-pocket costs of co-payments and co-insurance will continue to hamper prospects for the industry, in general, in 2010. Fitch says growing event risk surrounding U.S. healthcare reform and the subsequent impact on health insurance coverage, reimbursement and the corresponding change in the competitive landscape create uncertainty regarding the long-term financial results for the sector. Credit trends in the various health care sub-sectors are dependent on company managements' ability to counter these factors to offset potential compression of profitability.

1:33PM COMEX Metals Closing Prices (COMDX) : Feb gold ended the day higher by $10 to $1140.50, March silver closed up 37.3 cents to $18.80 and March copper finished higher by 8.1 cents to $3.447.

1:32PM Cleveland Biolabs doses first volunteers in second safety study for CBLB502 (CBLI) 4.07 +0.12 :

1:25PM Kinder Morgan Prtnrs and U.S. Development Group formed a joint venture (KMP) 55.05 +1.60 : U.S. Development Group announced that it has formed a joint venture with Kinder Morgan Energy Partners. The joint venture will combine USD's designing, developing and operating ethanol terminals with existing Kinder Morgan ethanol terminal and pipeline assets to create a national distribution network of ethanol handling facilities capable of meeting the growing demand for bio-fuels. As part of the venture, USD and KMP will optimize and coordinate customer access to the expanded distribution platform.

1:16PM Headwaters and Axens form strategic alliance (HW) 6.17 +0.14 : Co announced that they have signed an agreement to form a strategic alliance to provide a single-source solution for producing ultra-clean fuels by direct coal liquefaction (DCL) alone or in combination with refinery residues or biomass. Headwaters and Axens create a strategic alliance around their Direct Coal Liquefaction technologies.

1:08PM Silver Trust ETF tests last week's peak at 18.45 -- session high 18.45 (SLV) 18.42 +0.37 : PAAS, SIL, SLW, SSRI.

1:06PM Relative Sector Strength (TECHX) : Sectors that are providing leadership on the latest intraday push to new highs for the market averages include: Energy XLE / OIH, Finance XLF / RKH, Housing XHB, Semi SMH, Ag/Chem MOO, Steel SLX, Gold Miners GDX.

1:02PM Becton Dickinson and Juvenile Diabetes Research Foundation announced program aimed at improving the treatment of type 1 diabetes (BDX) 77.05 +0.76 : Juvenile Diabetes Research Foundation (JDRF) and Becton, Dickinson and Company announced program aimed at improving the treatment of type 1 diabetes by developing novel insulin delivery products to enhance the use of insulin pumps. Through the program, JDRF will support BD's research and development of new products that deliver insulin from a pump to a patient in either an infusion set or patch-pump configuration. An additional goal of the program is improving the speed at which insulin works.

1:00PM First South Bancorp renews stock repurchase program (FSBK) 10.58 +0.33 : Co reports that its previously announced stock repurchase program expired on January 15, 2010. Co had placed the program in an inactive status and did not purchase any of the 486,905 shares approved under that program. Co announces it has adopted a plan to renew the stock repurchase program so that it may repurchase up to 5% of its current outstanding common shares, totaling 487,115 shares. Initially, the stock repurchase program will remain inactive.

1:00PM Main Street Capital announces it closed its underwritten public offering of 2,500,000 shares of common stock at a price of $14.75 per share. (MAIN) 14.74 +0.14 :

12:58PM Dow sets new high of 10715, hovering just under its 52-wk intraday peak from last week at 10723 (DIA) : Top performing components on a percentage basis include: MRK +35, PFE +2.2%, VZ +2.1%, MCD +2.1%, MMM +1.9%, DD +1.9%, JNJ +1.7%, PG +1.5%, CAT +1.4%, CSCO +1.4%. The next resistance zone is in the 10750/10765 area.

12:55PM Natural gas has rallied over the past ~2 hrs, off of session lows, to trade to its best levels of the session and is off 5.1 cents to $5.64 (COMDX) :

12:50PM Sector ETF strength & weakness @ midday trading (FXI) : Actively Traded Leading Sector ETF Plays:
China 25- FXI +2.75%, Pharma HLDRS- PPH +2.5%, Healthcare- XLV +2.5%, IHF +2%, IYH +2%, Silver- SLV +2%, Biotech- BBH +2%, XBI +1.75%, IBB +1.5%, Steel- SLX +2%, iShares S Korea- EWY +2%, iShares REITS & real estate- ICF +1.75%, IYR +1.5%, iShares Brazil- EWZ +1.75%, Emerging mkts.- EEM +1.5%, India- INP +1.5%

Actively Traded Lagging Sector ETF Plays:
Heating oil- UHN -1%, Solar power- TAN -1%, Nat gas- UNG -.75%, Euro currency shares- FXE -.75%, Clean energy- PBW -.5%, Wind energy- FAN -.25%, Yen currency shares- FXY -.25%


12:40PM LSB Industries announces initial ammonia production at Pryor Chemical Company Plant (LXU) 15.34 +0.49 : Co announced that production of anhydrous ammonia, which is the initial feedstock for the production of urea ammonia nitrate, began at its Pryor Chemical Company plant in January 2010, but that the production of UAN from the ammonia feedstock has not yet started. Production rates of ammonia are currently below targeted annual rates. When in full production, Pryor Chemical expects to produce and sell ~325,000 tons of UAN and ~35,000 tons of ammonia annually. Co also reported that since there was no significant production at Pryor Chemical in Q4 of 2009, it continued to incur and expense ~$1.6 million per month in start-up costs, in addition to variable costs such as natural gas and electricity. Those costs are consistent with those incurred during Q3 of 2009.

12:31PM Regeneron Pharms moves in tandem with the strength in the biotech space as shares of this stock probe very notable weekly technical resistance surrounding the 25.00 mark (REGN) : We see topping action around 25.00~25.25 going back to late 2007 in play again today. Watch for a key breakout or continued resistance/sellers in this price zone.
HoD now @ 25.10

REGN Weekly Chart

12:29PM Intelli-Check Inc confirms it was awarded a pilot agreement from Loyalty and Marketing solutions provider (IDN) 3.78 +0.15 : Co confirms that a "leading provider of loyalty and marketing solutions" has signed an agreement to pilot the IDCheck FastForm technology for potential applications in the delivery of its credit card programs provided to retailers. The agreement allows for the integration of Intellicheck Mobilisa's IDCheck FastForm technology into retail clients' points of sale systems.

12:25PM Stock indices extend early advance after late morning pause -- Dow +94, S&P +11, Nasdaq +26 (SPY) : The 52-wk close high for the S&P from last week is at 1148.46 with the 52-wk intraday peak at 1150.41.

12:17PM Middlesex Water names Richard M. Risoldi Chief Operating Officer (MSEX) 17.09 -0.09 :

12:09PM Apple sets fresh session high of 213.90, its early month 52-wk close/intraday highs are at 214.38/215.59 (AAPL) 213.80 +7.87 :

12:03PM Amgen shares rise to highs here @ midday with notable technical resistance surrounding the 57.75~58.00 level in play once again-- See Daily Chart (AMGN) 57.73 +1.48 : AMGN Chart

HoD now @ 57.75

12:01PM Thomson Reuters' Tax & Accounting business awarded a patent by the US PTO for creating a system to determine a co's tax provision (TRI) 32.93 -0.58 :

11:52AM Relative sector performance (TECHX) : Seeing some relative sector weakness in recent intraday trade (underperforming the S&P) in Semi SMH, Housing XHB, Industrial XLI, Airline, REITs IYR, Medical Supplies, Networking, Coal KOL, Steel SLX. Finance (XLF, RKH) is displaying relative strength.

11:46AM Target hovering in tight range near session high of 50.65, the early Jan/two month peak is at 50.79 (TGT) 50.63 +0.46 : Its November high comes into play at 51.02.

11:32AM SeaChange: DISH Network is upgrading its platform of SeaChange International Spot advertising insertion systems (SEAC) 6.49 +0.04 : DISH Network LLC, a subsidiary of DISH Network Corporation (DISH), is upgrading its entire platform of SeaChange International (SEAC) Spot advertising insertion systems to meet the growing demand for high-definition ad placements. SeaChange is the exclusive ad insertion technology provider for DISH Network.

11:31AM Unit Corp announced its initial 2010 capital expenditures budget (UNT) 49.32 +0.22 : Co announced its initial 2010 capital expenditures budget for all of its business segments of $467 mln, an increase of 57% from 2009. Of this amount, $365 mln is budgeted for its oil and natural gas segment, which includes $319 mln for drilling and completion activities and is a 66% increase over estimated 2009 capital expenditures, $49 mln for its contract drilling segment, a 27% decrease over estimated 2009 capital expenditures, and $53 mln for its mid-stream segment, a 446% increase over estimated 2009 capital expenditures. The company's 2010 operating budget is based on oil and natural gas prices averaging $72.00 per barrel and $5.30 per mln cubic feet (Mcf), respectively, and, in addition to other items, may be adjusted based on changes in commodity prices and industry conditions. The 2010 capital expenditures program is anticipated to be funded mainly through internally generated cash flow and to a lesser extent from borrowings under the company's bank credit facility.

11:27AM Alpha Natural Resources: Cobalt Coal has executed a sales contract with subsidiary of Alpha Natural Resources (ANR) 48.49 +0.34 : Cobalt Coal has executed a sales contract with Riverside Energy, a wholly owned subsidiary of Alpha Natural Resources Inc. (ANR) whereby Riverside has agreed to purchase metallurgical coal from Cobalt's Westchester Coal Mine in McDowell County, West Virginia USA. Terms of the sales contract include a fixed price for 8,000 tons of coal from Westchester per month over a period of twelve months. Any production above this amount will be sold into the spot market. Cobalt has targeted March 1st, 2010 as the start date for commercial coal production into the aforementioned sales contract.

11:26AM AAPL & GOOG run to session highs as the broad market indices consolidate gains just beneath he morning highs (TECHX) :

11:22AM IBM sets minor new 52-wk ahead of earnings (IBM) 133.13 +1.35 : The stock has edged slightly above its early month high of 132.97 to establish a new 52-wk high (session high 133.27) ahead of its earnings after the close. The next technical target zone above is at 134.14/134.93 which is based on the width of the Jan range and marks its Sep 2000 high (Click for chart).

11:06AM Blackboard shares continue the intraday trend lower as price probes potential rising 50 day moving average support now in play (BBBB) 43.58 -1.33 : 50 day SMA @ 43.50
50 day EMA @ 43.25
LoD now @ 43.54

11:01AM S&P 500 extends to upper end of last week's range/52-wk highs (SPY) : Strong run this morning leaves the index slightly extended on a very short term basis (Click for chart) with it back near the upper end of the near two week trading range/52-wk highs. Initial intraday supports are 1143 and 1141.

11:00AM NCR Corp signed a multimillion dollar deal with Westpac New Zealand (NCR) 12.32 +0.28 : Co announced it has signed a multimillion dollar deal with Westpac New Zealand to implement the country's standards-compliant ATM network and help fulfil the bank's promise of better service in its branches. By June 2010, more than 400 devices - 80% of the bank's network - will be replaced with next generation NCR SelfServ ATMs.

10:55AM Pioneer Natural Resources slips to fresh lows on a pick up in volume as it dips below the 50.00 "psych" area to challenge its 20-day ema at 49.61 (PXD) 49.67 -0.85 :

10:48AM Rumor Round Up : The shortened week opened up with a plethora of rumors. It was rumored America Movil (AMX 46.72 +0.15) could be interested in MetroPCS (PCS 6.48 +0.16). Newell Rubbermaid (NWL 15.33 +0.42) saw some early morning strength after the co was rumored to be hearing interest from Proctor Gamble (PG 61.45 +0.63). Rambus (RMBS 21.28 +0.51) heard renewed positive settlement chatter. Note on Jan. 14 wire reports announced Judge Kramer said manufacturers were asking for a two month delay because Micron's (MU) lawyer had health issues. A hearing was scheduled for Jan. 21 to consider the request; shares fell ~8% on that news. Citigroup speculated that Bunge (BG 68.84 -1.01) could be gearing up for another run at Corn Products (CPO 31.07 +1.32) after BG indicated it was in discussions to sell its wholesale fertilizer minding operations. As mentioned before, while many rumors circulate during the day, and the validity of the source of these rumors can be questionable, the speculation may increase volatility in the near term.

10:46AM Claymore Solar ETF extends plunge off last week's high to 14%, holds near its 50 day sma at 9.87 -- session low 9.85 (TAN) 10.00 -0.06 : FSLR, WFR, SPWRA, STP, TSL, YGE.

10:44AM Baidu.com sinks lower intraday as it nears a test of last wk's gap near 425.00-430.00 (BIDU) 430.60 -36.30 :

10:40AM Weight Watchers filed a complaint for injunctive relief and damages against Jenny Craig (WTW) 29.08 -0.04 : Co has filed a complaint in the U.S. District Court for the Southern District of New York for injunctive relief and damages against Jenny Craig. Co seeks to prohibit Jenny Craig from continuing its current "false and misleading advertising campaign, which makes deceptive claims about the success of their program versus the Weight Watchers program that are not supported by fact or science." The complaint states that to support Jenny Craig's claims, generally accepted standards of biomedical research require Jenny Craig to compare the two current offerings of both companies through a head-to-head randomized clinical trial. The ads mislead consumers into believing such a trial has taken place. Rather, Jenny Craig chose to make a purported scientific claim by twisting the findings of an irrelevant 10-year-old Weight Watchers study against a new Jenny Craig study, instead of running a head-to-head clinical trial which Jenny Craig was free to do. In fact, neither of the two studies cited by Jenny Craig, both of which were conducted with different research purposes and protocols, actually compares the efficacy or success of Jenny Craig to Weight Watchers.

10:35AM Sector ETF strength & weakness through today's 1st hour of trading (FXI) : Actively Traded Leading Sector ETF Plays:
China 25- FXI +2.5%, Healthcare- XLV +1.75%, IHF +1.75%, IYH +1.5%, iShares S. Korea- EWY +1.75%, Pharma HLDRS_ PPH +1.75%, India- INP +1.75%, Steel- SLX +1.5%, Biotech- BBH +1.5%, XBI +1.25%, iShares Brazil- EWZ +1.25%, Emerging mkts.- EEM +1.5%, Regional banks- KRE +1.25%

Actively Traded Lagging Sector ETF Plays:
Nat gas- UNG -3%, Heating oil- UHN -1.5%, RBOB gas- UGA -1.25%, Solar power- TAN -.5%, Commods- DBC -.75%, GSG -.75%, Euro currency shares- FXE -.75%, Crude/WTI oil- USO -.75%, OIL -.75%

10:34AM AK Steel slips to fresh gap down lows as it eyes a test of the 22.00 area below (AKS) 22.73 -0.97 :

10:30AM iShares DJ Real Estate displaying intraday relative strength, working up toward top of narrow two week range at 46.52 (IYR) 46.36 +0.65 : VNO, BXP, SPG, PSA, PEI, MAC, PLD, AIV, CPT, KIM.

10:30AM Penn Natl Gaming secures option for alternate Columbus Casino site at former Delphi Automotive plant on West Side (PENN) 29.55 +0.12 : Co announces it has entered into an option to purchase the site of the former Delphi Automotive plant on Columbus' West Side as an alternate location for its planned development of Hollywood Casino Columbus. Penn National's alternate 123-acre site is located on Georgesville Road near the intersection of West Broad Street. In November 2009, in connection with an amendment to the state constitution, Ohio voters approved the development of a casino in Columbus' Arena District. The company agreed to consider alternate sites at the request of public officials and others in the Columbus community.

10:28AM NASDAQ 100 (NDX) leaders & laggards moving through today's 1st hour of trading (GRMN) : NDX 100 Best % Performers:
GRMN +4.25%, FLEX +3.5%, WCRX +2.75%, AAPL +2.5%, ISRG +2.5%, SHLD +2.5%, MRVL +2.75%, ADBE +2.5%, MICC +2.25%, NWSA +2.25%, CEPH +2%, XRAY +2%

NDX 100 Worst % Performers:
BIDU -6.25%, APOL -2%, RIMM -1.75%, ATVI -1.25%, FSLR -1%, AMZN -1%, FAST -.5%, PAYX -.5%

NASDAQ TRIN @ +.75
NASDAQ A/D @ +895


10:25AM Dow (INDU) leaders & laggards moving through today's 1st hour of trading (MRK) : INDU Best % Performers:
MRK +2.75%, PFE +1.75%, CSCO +1.5%, VZ +1.5%, CAT +1.5%, MCD +1.25%

INDU Worst % Performers:
KFT -2.5%, JPM -1%, BAC -.75%, XOM -.5%, KO -.5%, CVX -.25%

NYSE TRIN @ +1.0
NYSE A/D @ +880

10:23AM Education stocks continuing to display early morning relative weakness -- APOL, ESI, COCO, CECO, DV (APOL) 59.19 -1.22 :

10:20AM Visa climbs higher off the opening to challenge last Friday's high of 87.54 (V) 87.57 +1.43 : Note the stock has been in a narrow range consolidation pattern along its 20-day exponential moving average for the last 4-weeks. Its current January resistance lies along the 87.50/88.00 area with support along the 85.50 area (Click for chart).

10:17AM Microsoft retests early session high of 31.15, hovering slightly under last week's peak at 31.24 (MSFT) 31.15 +0.28 : Note that its 52-wk close/intraday highs from Dec come into play at 31.39/31.50.

10:15AM American Intl shares slip below some notable technical support @ 27.50~27.40 derived from the mid-Dec. low points (AIG) 27.42 -.64 : AIG -2.4% vs. SPX +.75%.
LoD @ 27.31

10:14AM Stock indices run to fresh session highs -- Dow +55, S&P +7.9, Nasdaq +24 (SPY) : Relative sector strength (outperforming the S&P) has been noted in Internet HHH, Solar TAN, Casino, Semi SMH, Oil Service OIH.

10:13AM American Medical Alert announced that e-pill has executed an agreement to begin selling AMAC's MedSmart Medication Reminder and Dispensing System (AMAC) 6.50 +0.16 :

10:09AM Watson Pharm confirms filing of FDA application for generic Lidoderm (WPI) 42.00 +1.10 : Co confirmed that its subsidiary, Watson Laboratorieshas filed an Abbreviated New Drug Application with the FDA seeking approval to market its lidocaine topical patch 8% prior to the expiration of U.S. Patent No. 5,827,529. Watson's lidocaine topical patch 8% is a generic version of Endo's Lidoderm.

10:04AM Financial Select Sector SPDR rebounds off support, back hovering near unchanged (XLF) 14.92 -0.02 : The XLF opened on the defensive after not participating in Friday's afternoon recovery attempt but it held at an equality target (Click for chart) and stabilized. A continued posture above this early low leaves a favorable pattern off the Jan recovery high intact -- AXP, BAC, BK, GS, JPM, MS, STT, USB, WFC, C, PNC, MET, TRV.

10:01AM Converted Organics retained Crossbow Group for 2010 marketing efforts (COIN) 1.12 +0.02 : Co retained Crossbow Group of Westport, CT to develop high impact advertising and marketing communications programs targeted to several of the firm's target markets. Crossbow Group will be developing measurable, scalable programs for the retail lawn and garden, agriculture, professional lawn care and golf course markets. Programs will roll-out in the first quarter of 2010.

10:00AM GT Solar sgns more than $40 mln in new contracts with GCL-Poly (SOLR) 6.02 +0.28 : Co announces it has signed contracts in excess of $40 mln with two wholly owned subsidiaries of China-based GCL-Poly Energy Holdings Limited. The first agreement, with Jiangsu Zhongneng Polysilicon Technology Development is for GT Solar's Trichlorosilane Production Technology Solution. The second, with Jiangsu GCL Silicon Material Technology Development, is for GT Solar's Directional Solidification System furnaces and ancillary equipment. These contracts represent the first purchases of GT Solar equipment and services by GCL-Poly and its
 
Posted by jdizz on :
 
nice
 
Posted by invester on :
 
Buys at $1.16 A/H
 
Posted by invester on :
 
44,858 block bought at $1.17
 
Posted by Lockman on :
 
http://stockcharts.com/h-sc/ui?s=COIN&p=D&b=5&g=0&id=p58548083843
 
Posted by jdizz on :
 
might end up in red today? hopefully not, but it seeems that when news comes the day after ends in red
 
Posted by sju1973 on :
 
quote:
Originally posted by jdizz:
might end up in red today? hopefully not, but it seeems that when news comes the day after ends in red

Just the general market sentiment today. Thats all. Everything is red. BOA news, etc. is making it a red day. So far we're only down 2.5% on a deep red day overall. Not too bad. Who knows how the day will end. I do know we are starting to see some big money getting in as Invester pointed out as well. The trend is you friend as they say. Be patient. We may close in black.
 
Posted by jdizz on :
 
good point. goin back up a little
 
Posted by jdizz on :
 
anyone here about this? and what is your take on it? got it from http://www.sec.gov/Archives/edgar/data/1366340/000129993309004866/htm_35467.htm

"... On December 4, 2009, we received a letter from the NASDAQ Stock Market ("NASDAQ") notifying us that for the past thirty consecutive days, from October 22, 2009 through December 3, 2009, the bid price for our common stock has closed below the minimum $1.00 per share requirement set forth in NASDAQ Listing Rule 5550(a)(2). Pursuant to the December 4, 2009 Letter from NASDAQ, we have been granted a 180 day grace period to regain compliance and therefore have until June 2, 2010 to regain compliance with the minimum bid price requirement. To regain compliance, the bid price for our common stock must close at $1.00 or higher for a minimum of 10 consecutive business days within the 180 day grace period... "

http://www.sec.gov/Archives/edgar/data/1366340/000129993309004866/htm_35467.htm
 
Posted by jdizz on :
 
just got off the phone with jim (the ir person) he said that after 10 straight days being over 1$ then there will be a pr stating that its no longer in affect. that sould raise the pps also imo.
 
Posted by sju1973 on :
 
quote:
Originally posted by jdizz:
just got off the phone with jim (the ir person) he said that after 10 straight days being over 1$ then there will be a pr stating that its no longer in affect. that sould raise the pps also imo.

Yep. I was already watching this, but we have to close over $1.00 through next Wednesday. Let's keep our fingers crossed.
 
Posted by jdizz on :
 
hope to see some green today!
 
Posted by jdizz on :
 
Converted Organics Announces 2010 Sales Force Expansion
 
Posted by invester on :
 
Converted Organics Inc COIN(D*):NASDAQ *Financial Status Indicator is Deficient: Issuer Failed to Meet NASDAQ Continued Listing Requirements Education help is ON .Sector: Basic Materials Industry: Chemical Manufacturing
1.13 0.0299 2.72% 335,471 Last Trade as of 10:23 AM ET 1/21/10 Trade
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23 minutes ago - Businesswire

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As of 9:41 AM ET 1/21/10
Converted Organics Inc. (NASDAQ:COIN) announced today the continued expansion of its U.S. sales force with the appointments of Gary M. Ackerson and Jason M. Dowgiewicz as sales representatives for fertilizer products into the professional turf market, including the professional lawn care and golf course markets. Mr. Ackerson and Mr. Dowgiewicz will report to Converted Organics' Vice President of Marketing, David A. Flannery.

Mr. Ackerson brings over ten years of turf, greenhouse and nursery market sales experience to Converted Organics. Prior to joining Converted Organics, he spent five years as Regional Sales Manager for Growth Products Ltd., where he was responsible for expanding distribution of liquid fertilizer and fungicide products and providing consulting services to large greenhouse, nursery and agriculture customers.

Mr. Dowgiewicz's background includes over five years of agronomic research related to turf grass stress tolerance and disease management. Most recently he served as Golf Course Superintendent First Assistant at MDM Golf Enterprises, where he developed agronomic, fertility and chemical programs for public, private and municipal golf courses. Mr. Dowgiewicz holds an M.S. degree in Plant and Soil Science from University of Massachusetts, Amherst.

"By adding five new sales representatives to the Converted Organics team in the past three months, we have created a network of highly qualified experts who are strategically positioned throughout the U.S. to proactively leverage sales in all of our critical markets," said David A. Flannery, Vice President of Marketing for Converted Organics. "Gary and Jason are welcomed additions to this team, which is now actively pursing sales opportunities for the 2010 selling season."

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.

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.

COIN-G

SOURCE: Converted Organics Inc.

INVESTOR CONTACT:
PR Financial Marketing
 
Posted by jdizz on :
 
whats the reason for the drop>?
 
Posted by invester on :
 
Obama
 
Posted by invester on :
 
Not sure what to think. Osama’s putting his hand in the cookie jar. I would be cautious with all purchases of stocks as money may flow out. I love this company, but the government may push the markets lower. I'm looking to buy on dips.
 
Posted by sju1973 on :
 
I'm holding this one. The only way I will sell is if it hits my stop. COIN has held up very well during the last few very nasty RED days. Still trading over $1.00 even in these conditions. Pretty impressive. I think this will move nicely once the storm settles and we see some green days.
 
Posted by invester on :
 
Holding the $1.00 well. This will run shortly.
 
Posted by sju1973 on :
 
COIN hit my stop at .95 2 minutes before close today and then shot right back to 1.00. All my shares sold for 1.00. I was pissed because I wanted to hold out but that close was crazy. I will buy back in if I get the opportunity tomorrow for sure.
 
Posted by invester on :
 
quote:
Originally posted by sju1973:
COIN hit my stop at .95 2 minutes before close today and then shot right back to 1.00. All my shares sold for 1.00. I was pissed because I wanted to hold out but that close was crazy. I will buy back in if I get the opportunity tomorrow for sure.

Not cool. MM's stole your shares.
 
Posted by invester on :
 
Also, .95? That’s a pretty tight stop wit this float.
 
Posted by sju1973 on :
 
Yeah, I put the stop in a few days ago when it was 1.20. I thought that would be enough wiggle room. I got in at .92 so I wanted to stop out for once without a loss should disaster strike. I guess I should have lowered the stop and rolled the dice. Looks like it's going to move today so far.
 
Posted by invester on :
 
BETHPAGE GREEN UTILIZING CONVERTED ORGANICS' TURF-BLEND™ 6-0-0 FOR ALL GREENS AND TEES

BOSTON -- Converted Organics Inc. (NASDAQ:COIN) announced today that the Company's Turf-Blend™ 6-0-0 organic liquid fertilizer is now being used on all greens and tees on the Green Course at Bethpage State Park Golf Course in Farmingdale, NY. In 2009, a study conducted at Bethpage Green in which standard synthetic liquid fertilizer applications were replaced with Turf-Blend™ 6-0-0 on greens and tees yielded favorable results.

"The course superintendents at Bethpage Green were extremely pleased with the performance of Converted Organics' Turf-Blend™ 6-0-0 during the study, the results of which led to their recent decision to use Turf-Blend™ 6-0-0 as the primary nitrogen source on all Bethpage Green tees and greens," said Edward J. Gildea, President of Converted Organics. "Golf courses can now switch from synthetic fertilizers to Turf-Blend® 6-0-0 liquid fertilizer without sacrificing championship results in turf quality and performance. We look forward to the possibility of Turf-Blend® 6-0-0 being used on other Bethpage courses this season."

Converted Organics' Turf-Blend™ 6-0-0 liquid organic fertilizer combines all the bioactive, disease suppressing characteristics of Converted Organics™ LC 1-1-1 liquid fertilizer, plus the high nitrogen organic lysine technology developed by Archer Daniels Midland Company to deliver a totally soluble, rapid response organic liquid fertilizer. Converted Organics' Turf-Blend™ 6-0-0 has been thoroughly tested and proven to be the first liquid organic fertilizer that can perform as effectively as synthetic liquid fertilizers, such as urea.

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.
 
Posted by sju1973 on :
 
Back in. 5k shares at .99.
 
Posted by sju1973 on :
 
Closed at $1 or above for the 10th consecutive day. Back in NASDAQ compliance. Hope to see a nice end to the week here.
 
Posted by sju1973 on :
 
quote:
Originally posted by sju1973:
Closed at $1 or above for the 10th consecutive day. Back in NASDAQ compliance. Hope to see a nice end to the week here.


 
Posted by sju1973 on :
 
Back in COIN at .90
 
Posted by tuckermen on :
 
Just picked up a few shares. Was this Home Depot news expected?
Is there any updates on Walmart becoming a customer?
 
Posted by invester on :
 
8-Feb-10 GILDEA EDWARD J

Officer 1,463 Direct Purchase at $0.79 - $0.8 per share. $1,1632
 
Posted by invester on :
 
Converted Organics Signs Licensing Agreement with MassOrganics for New Manufacturing Facility



Buzz up! 0 Print..Companies:Converted Organics Inc.Related Quotes
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{"s" : "coin","k" : "c10,l10,p20,t10","o" : "","j" : ""} Press Release Source: Converted Organics Inc. On Tuesday February 23, 2010, 10:00 am EST
BOSTON--(BUSINESS WIRE)--Converted Organics Inc. (NASDAQ:COIN) announced today that it has entered into a license agreement with MassOrganics I, LLC regarding the use of Converted Organics’ proprietary system for the manufacture of organic fertilizer products. MassOrganics I will install and operate the system at a new manufacturing facility to be constructed at The Sutton Commerce Park in Sutton, Massachusetts. In March, 2009 Converted Organics received a permit from the Commonwealth of Massachusetts' Department of Environmental Protection to operate a food waste processing facility at the site.

As part of the agreement, MassOrganics I will pay a licensing fee to Converted Organics of $1,000,000 and a royalty of $20 per ton of fertilizer sold from the facility. Converted Organics has agreed to give MassOrganics I the right of first refusal for the development of similar facilities in Maine, Connecticut, New Hampshire, Rhode Island, Massachusetts, and Vermont.

“Entering into a license agreement with MassOrganics I is an efficient way to establish a third manufacturing facility in the U.S. while at the same time bringing an infusion of capital to Converted Organics,” said Edward J. Gildea, President of Converted Organics. “Per our agreement with MassOrganics I, Converted Organics will also have the right to purchase and market the organic fertilizers produced in Sutton, which will enable us to provide our customers with greater access to our unique fertilizer products.”

Robert Simmons, Managing Director of New York-based Highland Project Capital Group, a co-owner and co-developer of the facility, commented, “Our firm’s relationship with Converted Organics in the development of projects in Massachusetts and other nearby states will enable us to efficiently produce liquid and solid organic fertilizer and market those products to an established and growing customer base. The value of producing Converted Organics’ products, with their USDA certification and the positive results of more than 15 university-managed growth trials, cannot be overstated.”

About MassOrganics I, LLC

MassOrganics I, LLC is owned by EarthOrganics Corporation, a Delaware-based company operated by investors including partners who have experience operating recycling facilities and who have expertise in Aerobic Thermophilic digestion, design/build specialists (such as Jim Coull, founder of JM Coull, Inc. www.jmcoull.com) and equity investors who specialize in project finance, such as Highland Project Capital Group, LLC (179 East 79th Street, Suite 6A, New York, NY, 10075 www.highlandpcg.com).
 
Posted by invester on :
 
Converted Organics Inc. Announces over $2.6 Million in Revenue


Shareholder Conference Call Scheduled to Review Business Developments


BOSTON, March 31, 2010 (BUSINESS WIRE) -- Converted Organics Inc. (NASDAQ:COIN) announced today that the Company has filed its Form 10-K annual report with the Securities and Exchange Commission (SEC), announcing revenue of $2,634,000 for the year ended December 31, 2009.

"Converted Organics continues to be pleased with the progress of the Company," said Edward J. Gildea, President of Converted Organics. "We look forward to updating shareholders about the status of the business, including our recent acquisition activities."

Converted Organics' management will update shareholders on recent business developments in a conference call scheduled for 10:00 a.m. ET on Tuesday, April 6, 2010. Shareholders who wish to participate in the conference call may telephone (888) 567-1602 from the U.S. or (201) 604-5049 from international locations, approximately 15 minutes prior to the call. A digital replay will be available by telephone for two weeks and may be accessed by dialing (888) 632-8973 using digital replay code 47169167. The call will also be broadcasted simultaneously via a live webcast on the Converted Organics website at www.convertedorganics.com under the tab Investors and submenu Events & Presentations.


About Converted Organics Inc.

Converted Organics (NASDAQ: COIN, www.convertedorganics.com), based in Boston, MA, is dedicated to producing high-quality, all-natural, organic fertilizer products through food waste recycling.

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 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 and most recently in the registration statement filed in relation to this offering. 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


PR Financial Marketing
Investor Contact:
Jim Blackman, 713-256-0369
jim@prfmonline.com

or

Sterling Communications
Public Relations Contact:
Pat Fiaschetti, 908-996-7945
 
Posted by invester on :
 
Converted Organics Reports Record Increases in Year-to-Date, Quarterly and Monthly Company Sales
Company Sees Record Year-to-Date Sales of $2.5 Million, an 86 Percent Total Increase in Sales of Its Organic Fertilizer Products Versus Same-Period 2009 Sales


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{"s" : "coin","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""} Press Release Source: Converted Organics Inc. On Tuesday July 13, 2010, 9:37 am EDT

BOSTON, July 13, 2010 (GLOBE NEWSWIRE) -- Converted Organics Inc. (Nasdaq:COIN - News) reported three same-period record sales increases of its all-natural, organic fertilizer products. The Company reached record year-to-date sales of $2.5 million from January 1 -- June 30 2010, an 86 percent increase over same-period 2009 sales. In the second quarter of 2010, the Company reached a record quarterly sales total of $1.7 million, an 88 percent increase over same-period 2009 sales. In June 2010, the Company reached also reached a monthly sales record of $625,000, a 98 percent increase over same-period 2009 sales. The Company attributes its significant growth to the Company's targeted marketing efforts, and to the increasing recognition nationwide regarding the importance of using organic fertilizer products for lawncare, professional turf, and agricultural applications.


"Our significant sales growth is a reflection of the strength of our line of fertilizer products, increased sales coverage, and word spreading among customers about the effectiveness of our products," said David F. Flannery, Vice President of Marketing for Converted Organics. "We have a strong portfolio of high quality, competitively priced liquid fertilizers for both conventional and certified organic crop production, along with exceptional granular products that produce safe, effective results for our other primary markets, such as agriculture, professional lawn care providers, and consumers. Our products are safe for both people and the environment, and as the demand for organic fertilizer programs continues to rise, we are confident that our business will continue to increase as well."


About Converted Organics
 


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