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[QUOTE]Originally posted by invester: [QB] 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 Add to Watchlist Last Change / % Change Volume S&P Ranking Set AlertsSummary News Charts Options Fundamentals Insiders Earnings Financials SEC Filings Converted Organics Announces 2010 Sales Force Expansion 23 minutes ago - Businesswire Related Companies Symbol Last %Chg COIN 1.13 2.72% COINU 1.26 -10.00% 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, [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. 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 [/QB][/QUOTE]
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