DALLAS, Jan. 14, 2010 (GLOBE NEWSWIRE) -- StockPreacher.com announces an investment report featuring Converted Organics Inc. (Nasdaq:COIN). The report includes financial and investment analysis, analyst consensus, and pertinent industry information you need to know to make an educated investment decision.
The full report is available at: http://www.stockpreacher.com/n/COIN
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Converted Organics Inc. (COIN) operates processing facilities that use food waste as raw material to manufacture all-natural soil amendment products combining nutritional and disease suppression characteristics. In addition to its sales in the agribusiness market, the Company sells and distributes its products in the turf management and retail markets. As of December 31, 2008, the Company operated two facilities: Woodbridge facility and Gonzales facility. The Company derives revenue from two sources: tip fees and product sales. Waste haulers pay the tip fees to the Company for accepting food waste generated by food distributors, such as grocery stores, produce docks, fish markets and food processors, and by hospitality venues, such as hotels, restaurants, convention centers and airports. On January 24, 2008, the Company acquired Waste Recovery Industries, LLC (WRI) and United Organic Products, LLC (UOP).
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In the report, the analyst notes:
"COIN recently announced that in connection with previously-received orders from Walmart announced last week, the Company has also received orders for its all-natural, organic fertilizers from Sam's Club of Puerto Rico and the Amigos supermarket chain of Puerto Rico. Both Sam's Club and Amigos are affiliates of Walmart. All orders were received by Matosantos Commercial Corporation, the Company's exclusive distributor in the Caribbean.
"COIN announced last week that the Company's proprietary High Temperature Liquid Composting (HTLC) process and unique organic granular and liquid fertilizer products are the focus of a news segment recently posted on www.nj.com, New Jersey's largest local Web site."
To read the entire report visit: http://www.stockpreacher.com/n/COIN
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