BOSTON, June 3, 2010 (GLOBE NEWSWIRE) -- Converted Organics Inc. (Nasdaq:COIN) today announced that sales of its all-natural, organic fertilizer products from January 1 – May 31, 2010 totaled $1.85 million, an increase of 90% over the same period in 2009. The year-over-year sales growth is largely attributable to a continued increase in customer demand for organic fertilizer programs that reduce both the environmental and health risks associated with synthetic, chemical-based fertilizer products.
"The growth in our fertilizer business is a direct result of increased recognition of our products as a safe, natural, effective way to improve crop yields while lowering costs," said David Flannery, Converted Organics' Vice President of Marketing. "During the past several months, we have seen a significant increase in interest across each of our primary target markets – major growers, specialty agricultural retailers, professional lawn care providers and consumers – which speaks not only to the quality of our products, but to the success of our targeted marketing program. We are pleased with the progress we have made to date and are confident that this segment of our business will continue to grow as demand for safe, organic fertilizer programs increases in both the consumer and professional markets."
About Converted Organics Inc.
Converted Organics (Nasdaq:COIN) (www.convertedorganics.com), 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.
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