BOSTON, Jul 13, 2010 (GlobeNewswire via COMTEX News Network) -- Converted Organics Inc. (Nasdaq:COIN) reported three same-period record sales increases of its all-natural, organic fertilizer products. The Company reached record year-to-date sales of $2.5 million from January 1 -- June 30 2010, an 86 percent increase over same-period 2009 sales. In the second quarter of 2010, the Company reached a record quarterly sales total of $1.7 million, an 88 percent increase over same-period 2009 sales. In June 2010, the Company reached also reached a monthly sales record of $625,000, a 98 percent increase over same-period 2009 sales. The Company attributes its significant growth to the Company's targeted marketing efforts, and to the increasing recognition nationwide regarding the importance of using organic fertilizer products for lawncare, professional turf, and agricultural applications.
"Our significant sales growth is a reflection of the strength of our line of fertilizer products, increased sales coverage, and word spreading among customers about the effectiveness of our products," said David F. Flannery, Vice President of Marketing for Converted Organics. "We have a strong portfolio of high quality, competitively priced liquid fertilizers for both conventional and certified organic crop production, along with exceptional granular products that produce safe, effective results for our other primary markets, such as agriculture, professional lawn care providers, and consumers. Our products are safe for both people and the environment, and as the demand for organic fertilizer programs continues to rise, we are confident that our business will continue to increase as well."
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.
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SOURCE: Converted Organics Inc.
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