posted
Just picked up a few shares. Was this Home Depot news expected? Is there any updates on Walmart becoming a customer?
-------------------- It's easy to sit there and say you'd like to have more money. And I guess that's what I like about it. It's easy. Just sitting there, rocking back and forth, wanting that money. --Jack Handy Deep Thoughts Posts: 64 | From: CT | Registered: Jan 2005
| IP: Logged |
{"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).Posts: 4381 | From: houston | Registered: Mar 2006
| IP: Logged |
posted
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
Posts: 4381 | From: houston | Registered: Mar 2006
| IP: Logged |
posted
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
ShareretweetEmailPrintCompanies:Converted Organics Inc. Related Quotes Symbol Price Change COIN 0.7180 +0.0655
{"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
Posts: 4381 | From: houston | Registered: Mar 2006
| IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
