Converted Organics Expands U.S. Sales Force with Two New Appointments

Related Quotes

Symbol	Price	Change
COIN	0.88	0.00

{"s" : "coin","k" : "c10,l10,p20,t10","o" : "","j" : ""}

BOSTON--(BUSINESS WIRE)--Converted Organics Inc. (NASDAQ:COIN) announced that the Company has expanded its sales force with the appointments of Michael W.H. Garrett and Michael Knight as sales representatives for the northeastern U.S. and southeastern U.S., respectively. Both Mr. Garrett and Mr. Knight report to Converted Organics’ Vice President of Marketing, David A. Flannery, and are responsible for sales of Converted Organics’ products in the eastern U.S. agriculture market.

Mr. Garrett brings over 18 years of experience in sales, marketing and agriculture to Converted Organics. Prior to joining Converted Organics, Mr. Garrett was responsible for sales of organic fertilizers and soil conditioners to distributors and growers in the state of California for Global Organics/Bioflora. Prior to working with Global Organics/Bioflora, he was the Director of International Programs for the Raisin Administrative Committee, where he wrote and executed all marketing plans utilizing funds generated by growers. Mr. Garrett’s professional experience also includes tenures at OK Produce, Dole Packaged Foods Company and Dole Dried Fruit and Nut Company.

Mr. Knight brings over 20 years of sales and agriculture experience to his new position at Converted Organics. Most recently, Mr. Knight was District Sales Manager, SE USA for The Toro Company and T-Systems International, with responsibility for increasing market share and profit related to a variety of Micro Irrigation products, selling and promoting a mix of Toro Irrigation solutions to dealers, growers and consultants across an 11 state area, and coordinating with key distributors and growers to facilitate sales and design of irrigation projects in a range of crops in the southeastern U.S. Mr. Knight’s experience also includes positions at American Cyanamid Company and Schering.

“Converted Organics’ sales force is growing not only in size, but also in terms of our depth of sales and agriculture experience and expertise,” said David A. Flannery, Vice President of Marketing for Converted Organics. “These two individuals have already proven to be tremendous assets to our sales efforts in the eastern U.S. agriculture market, which is of critical importance to our Company.”

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.

Converted Organics’ flagship manufacturing facility is located in Woodbridge, New Jersey. A second manufacturing site is located in Gonzales, California. Converted Organics' products have been tested in numerous field trials for more than a dozen crops with the result that, on average, the net value of the farmer's crop increased 11-16 percent, depending on the particular crop and product application. This is due, in part, to the disease suppression characteristics of the product, which reduce or eliminate the need for other costly, often toxic, crop protection applications. In a number of lab and field trials, Converted Organics’ liquid product has been shown to be effective in mitigating powdery mildew, a leaf fungus that affects most plants and grasses and restricts the flow of water and nutrients to the plant. Increased use of nitrogen in commercial agriculture and turf grass applications, such as on golf courses, has reduced the soil's ability to absorb nitrogen and other nutrients. Using the products produced by Converted Organics helps restore the soil by replenishing these micronutrients. This reduces the amount of nitrogen required in a virtuous cycle that benefits from long-term use. As a result, use of the product reduces chemical run-off to streams, ponds and rivers, an objective with significant long-term benefits to the environment.

Converted Organics’ products have a long shelf life compared to many other organic fertilizers. The Company's fertilizer products can be used on a stand-alone basis or in combination with more traditional fertilizers and crop protection products. Converted Organics expects to benefit from increased regulatory focus on organic waste processing and on environmentally-friendly growing practices.

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 ongoing customer demand for the Company’s products and the Company’s ability to continue to become more efficient in its operations. 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.

COIN-G

PR Financial Marketing
Investor Contact:
Jim Blackman, 713-256-0369
jim@prfmonline.com
or
Sterling Communications
Public Relations Contact:
Pat Fiaschetti, 908-996-7945
sterling.pf@att.net