BOSTON, June 24, 2010 (GLOBE NEWSWIRE) -- Converted Organics Inc. (Nasdaq:COIN) announced today that the Converted Organics LC 1-1-1™ all-natural, organic liquid fertilizer produced in the Company's Woodbridge, NJ facility, has received Organic Materials Review Institute (OMRI) approval for use in certified organic production or food processing and handling in accordance with the USDA's National Organic Program. OMRI listing of the Company's Woodbridge-produced LC 1-1-1™ organic liquid fertilizer product follows recent listing of Converted Organics 8-1-4™, Converted Organics Lawn & Turf 8-1-4™, Converted Organics 4-1-8™ and Converted Organics Flower & Garden 4-1-8™ all-natural, granular organic fertilizers. With this OMRI approval, the LC 1-1-1™ organic liquid fertilizer manufactured in Woodbridge joins the LC 1-1-1™ organic liquid fertilizer manufactured by the Gonzales facility in being OMRI listed.
"Converted Organics is pleased to add the Woodbridge-produced LC 1-1-1™ organic liquid fertilizer to its growing list of OMRI approved fertilizers, as this approval speaks to the quality of our products, the sophistication of our manufacturing technology and our commitment to providing growers with a safe and effective solution for organic crop production," said Edward J. Gildea, President of Converted Organics. "We believe that the OMRI seal of approval for our LC 1-1-1™ represents a significant accomplishment and provides Converted Organics with a meaningful endorsement as we work to further expand our business within the agricultural market."
All Converted Organics products are produced from recycled food waste, and contain compost-derived nutrients which act as an organic soil amendment. Converted Organics LC 1-1-1™ organic liquid fertilizer is specially formulated to provide growers with a high-quality, fully pasteurized liquid compost, that can stimulate microbial activity within the soil, and suitable for use on a variety of crops and soils. The product's liquid form helps add nutrients to plants through the soil, to maximize growth potential and to help build plant immunity and disease suppression abilities.
About OMRI
Founded in 1997, the Organic Materials Review Institute (OMRI) provides organic certifiers, growers, manufacturers, and suppliers an independent review of products intended for use in certified organic production, handling, and processing. OMRI is a 501(c)3 nonprofit organization. When companies apply, OMRI reviews their products against the National Organic Standards. Acceptable products are OMRI Listed® and appear on the OMRI Products List. OMRI also provides subscribers and certifiers guidance on the acceptability of various material inputs in general under the National Organic Program.
About Converted Organics
Converted Organics (Nasdaq:COIN) (www.convertedorganics.com) 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.
The Converted Organics Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7431
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