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Converted Organics Inc. (COIN) Announces Production and Sales Increase at Gonzales Manufacturing Facility

Today before the opening bell, Converted Organics announced that its Gonzales, California manufacturing facility produced and sold 64% more liquid organic fertilizer during the first half of 2009 than during the same period in 2008. According to the press release, a total of 839,000 gallons were manufactured and shipped between January and June of this year, versus 510,000 gallons during the first six months of last year.

It was also reported that the facility’s second quarter 2009 liquid organic fertilizer production and sales were 93 percent ahead of production and sales for the same period last year. First quarter 2009 liquid organic fertilizer production and sales at Gonzales increased 11 percent over production and sales for the first quarter of 2008.

“This year’s significant increase in production and sales at Converted Organics’ Gonzales plant reflects our ability to meet growing customer demand for our liquid organic fertilizer products,” stated Edward J. Gildea, President of Converted Organics. “We are pleased that both certified organic and conventional growers are increasingly relying on Converted Organics’ liquid fertilizers, and we remain focused on continually expanding our market opportunities.”

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