Converted Organics Inc. Appoints East Coast Organics as New Distribution Partner in Mid-Atlantic States

2008-09-17 18:41:09 -

- PR Financial Marketing Jim Blackman, 713-256-0369 jim@prfmonline.com Converted Organics Inc. (NASDAQ:COIN) announced today that East Coast Organics, a wholesale distributor servicing garden centers, growers and professional nurseries in the Mid-Atlantic states, will serve as a distributor for the Company's organic soil amendment and fertilizer products. In addition, Converted Organics announced that East Coast Organics, based in Baltimore, MD, placed its first order for the Company's Turf Blend(R) 6-0-0 and Liquid Concentrate(R) 1-1-1 organic liquid fertilizers.

"Converted Organics offers some of the finest quality, field-tested organic fertilizer products that we have seen," said Jeff Otto, President of East Coast Organics. "The addition of their liquid fertilizers to our offerings is in keeping with East Coast Organics' commitment to providing customers with a high-quality organic product line to improve the lives of their plants and the life of the planet. We are pleased to be distributors of their products."

"Converted Organics is very pleased to further expand our distribution network, customer base, and sales through our partnership with East Coast Organics," said Richard P. Aleo, Executive Vice President of Sales and Marketing for Converted Organics. "East Coast Organics' reputation for carrying the finest organic garden supplies and providing customers with personalized service compliments Converted Organics' mission to be the preferred supplier of high-quality, environmentally-beneficial organic fertilizers and soil amendment products. We are optimistic that this will be the first of many orders we fulfill for East Coast Organics."

Converted Organics will ship East Coast Organics eleven 275-gallon totes of Liquid Concentrate(R) 1-1-1 and eleven 275-gallon totes of TurfBlend(R) 6-0-0 in approximately ten days.

About East Coast Organics

East Coast Organics is a wholesale distributor of premium quality, field tested organic gardening products. A family owned and operated business with a dedication to quality in its product line and personalized service to its valued customers, East Coast Organics' mission is to offer garden centers, nurseries and professional growers premium quality, field-tested organic supplies that promote responsible land management. By blending the modern theories of sustainable agriculture with ancient agricultural traditions, East Coast Organics has created an essential line of organic garden supplies that will improve the lives of growers' plants and the life of the planet.

About Converted Organics Inc.

Converted Organics (NASDAQ:COIN), based in Boston, MA, is dedicated to producing valuable all-natural, organic soil amendment or fertilizer products through food waste recycling. The company uses proven, state-of-the-art technologies to create a product that helps grow healthier food and improve environmental quality. Converted Organics plans to sell and distribute its environmentally-friendly fertilizer products in the retail, turf management, and agribusiness markets.

Converted Organics' fertilizer products will be produced in both a dry pellet and liquid concentrate. 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%, 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. Increased use of nitrogen in commercial agriculture and turf grass applications, such as 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 will reduce chemical run-off to streams, ponds and rivers, an objective with significant long-term benefits to the environment.

The products have a long shelf life compared to many other organic fertilizers. In a number of lab and field trials, the 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. 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. 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 "Risk Factors" in the prospectus, 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.

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East Coast Organics Places First Order for Converted Organics
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