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Mr. Vickars commented, "Our customers are very impressed with the high quality of the Eco Spirit Lettuce and Spinach products, which are selling very well. It is incredible to see such high demand from our customers after only a short time of having the Eco Spirit products available at our stores. Choices Markets shoppers will continue to find products grown using TerraSphere's technology under the Eco Spirit label in all our fresh produce departments."
TerraSphere designs and builds highly efficient hydroponic systems to cost-effectively grow commercially desirable crops in closed, compact, automated facilities. The patented TerraSphere system provides for sustainable consumption of natural resources through its clean vertical farming technology for year round food production close to population centers thereby reducing shipping to a minimum and providing a constant flow of fresh produce anywhere in the world.
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TerraSphere Systems (www.terraspheresystems.com) is dedicated to building highly efficient systems for growing fruits and vegetables in a controlled indoor environment. TerraSphere's clean technology helps to promote the sustainable consumption of natural resources by maximizing plant production and optimizing crop yields, while improving environmental footprints through the reduction of carbon emissions and fuel use associated with traditional crop production and distribution. TerraSphere's unique, environmentally and socially-responsible business model helps to facilitate job creation and diverse, community-based workforces. TerraSphere believes its technology can potentially revolutionize access to organic produce for both remote and urban communities, alleviate land management issues for agricultural producers, and ease hunger crises for the world's growing population
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 TerraSphere transaction being in the long-term interest of the Company and that TerraSphere may make significant contributions to the combined company going forward. 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.
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CONTACT:Converted Organics Inc. Investor Relations Contact: 617-624-0111 PR Financial MarketingJim Blackman 713-256-0369 jim@prfmonline.com
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