BOSTON, Jan. 25, 2011 (GLOBE NEWSWIRE) -- Converted Organics Inc. (Nasdaq:COIN) announced today that the Company has purchased additional fertilizer manufacturing equipment for its Gonzales, California facility to increase production capacity. The new equipment will enable Converted Organics of California, LLC to take advantage of additional production capacity for its existing organic fertilizer products, as well as to introduce a specialty fertilizer product line for its customers. After adding the production capacity, the production capacity will increase by over 25%.
Mr. Edward Gildea, President and CEO of Converted Organics, stated, "Our organic fertilizer business has seen consistent record growth over the past year and increasing production capacity will allow the company to continue to have record sales levels in 2011. Providing organic specialty fertilizer products is our direct response to certain customer desires, and we will continue to strive to best meet our customers' demands."
About Converted Organics
Converted Organics' (Nasdaq:COIN) mission is to promote, develop and operate profitable innovative clean technologies that contribute to the improvement of our environment by use of sustainable business practices and the judicious use of natural resources. Converted Organics Inc. is currently composed of three primary lines of business at the intersection of Agriculture, Water and Waste Recycling. Each business contributes to our mission and uses sustainable business practices that protect and value the environment. The three lines of business are Organic Fertilizer (Converted Organics), Vertical Farming (TerraSphere Systems - www.terraspheresystems.com), and Industrial Wastewater Treatment (Industrial Wastewater Resources).
The Converted Organics Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7431
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