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COIN Deal with Walmart O/S 32m .80
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[QUOTE]Originally posted by invester: [QB] Converted Organics Receives Organic Fertilizer Order from Walmart Caribbean Distributor Matosantos Registers Products in Puerto Rico Buzz up! 0 Print..Companies:Converted Organics Inc.Related Quotes Symbol Price Change 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 [URL=http://www.walmart.com.]www.walmart.com.[/URL] 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, [URL=http://www.convertedorganics.com),]www.convertedorganics.com),[/URL] 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. [/QB][/QUOTE]
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