updated 5/31/2011 11:47:03 AM ET 2011-05-31T15:47:03

  • Converted Organics Liquid Fertilizers to be Used in Field Trials on Several Potato and Grain Farms in Southern Colorado

BOSTON, May 31, 2011 (GLOBE NEWSWIRE) -- Converted Organics Inc. (Nasdaq:COIN) announced today that field trials will be conducted using Converted Organics ™ GP and Converted Organics™ LC liquid fertilizers on several farms throughout the San Luis Valley in Southern Colorado. The trials will compare the effects of Converted Organics liquid fertilizers to the growers' standard treatments, and will measure organic matter of the soil and overall plant productivity. Converted Organics GP and Converted Organics LC will be applied to potato, barley and wheat fields on both conventional and organic farms.

"We've seen success using our fertilizers on potatoes and grains in Idaho, and are now applying what we've learned there to open up new market opportunities in Colorado," said David Flannery, Vice President of Sales & Marketing for Converted Organics. "The soils in the San Luis Valley tend to be sandy, highly alkaline, and are very low in organic matter. The trials being conducted with Converted Organics GP and Converted Organics LC are designed to greatly increase the organic matter content and improve overall productivity of the soil. We're confident that we'll see similar, or even improved, success with these field trials as we did with the Idaho trials," Flannery added.

Many of the farms participating in the field trials will be applying Converted Organics™ GP to potato and grain fields, looking to expand their organic production. Converted Organics™ LC fertilizer will be applied mainly on conventional fields, used as a soil amendment to add much needed organic matter to the dry, sandy and alkaline soil to help improve soil health and productivity.

The San Luis Valley produces 92% of Colorado's potatoes, 81% of the state's spring wheat, and 73% of the barley. The San Luis Valley is ranked in the top five potato producing areas in the United States, both in acres planted and production, and Colorado ranks as the second largest shipper of fresh market potatoes in the country.

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

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, and 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, not all of which are known to the company, described most recently in the "Risk Factors" section in the Company's most recently filed annual report on Form 10-K. 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

CONTACT: Investor Contacts:
         
         George McIntyre, 212-732-4300
         CEOcast, Inc.
         Gmcintyre@ceocast.com
         
         or
         
         Jim Blackman, 713-256-0369
         PR Financial Marketing
         jim@prfmonline.com
         
         or
         
         Converted Organics Inc.
         investor@convertedorganics.com
         617-624-0111

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

Discuss:

Discussion comments

,

Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 4.94%
$30K home equity loan FICO 5.19%
$75K home equity loan FICO 4.58%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.40%
13.40%
Cash Back Cards 17.92%
17.91%
Rewards Cards 17.12%
17.11%
Source: Bankrate.com