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Converted Organics Inc. (COIN) Announces Tactical Relationship

Converted Organics Inc. (COIN) is a company dedicated to producing a valuable, all-natural, organic soil fertilizer product through food waste recycling. The company will sell and distribute its environmentally-friendly fertilizer or bio-stimulant in the retail, turf management and agribusiness markets.

Converted Organics has received the permits needed to build their first facility in Woodbridge, New Jersey. This facility is licensed to process 500 tons of organic food waste per day. When operational, this will translate to 150,000 tons of waste diverted from landfills each year.

Converted Organics possesses proprietary, state-of-the-art technology. The company’s high-temperature, liquid composting process is a proven microbial digestion technology that processes various biodegradable food waste products into liquid and solid organic-based fertilizer.

On September 15, 2008, Converted Organics announced an agreement with Central Jersey Waste/ Premier Management. Central Jersey Waste is the leading food waste management company in New Jersey. The two companies have agreed to work together in the collection, processing, and conversion of food waste from Central Jersey Waste’s food service clients.

The deal is considered to be an excellent fit for both companies. Vice President of sales for Converted Organics, Jack Walsdorf, said: “Our proprietary HTLC process can help Central Jersey Waste work to its best advantage in New Jersey. We require source-separated food waste, and Central Jersey Waste is in a great position to meet this need.”

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