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Converted Organics Inc. Announces First Quarter Sales of Approximately One-Half Million Dollars

Date : 05/15/2009 @ 6:58PM
http://ih.advfn.com/p.php?pid=nmona&cb=1242539090&article=37758846&symbol=N^COIN

Converted Organics Inc. (NASDAQ:COIN) announced today that sales of its organic fertilizer products and tip fees totaled $492,000 for the first quarter of 2009.

"While the results are not in line with our expectations, we are pleased with our progress in the first quarter," said Edward J. Gildea, President of Converted Organics. "Growing sales of our organic fertilizer products and achieving efficiency in our plant in New Jersey remain our top priorities, and we welcome the opportunity to update shareholders on the status of the business next week.”

Converted Organics' management will update shareholders on recent business developments in a conference call scheduled for 10:00 a.m. ET on Thursday, May 21, 2009.
Shareholders who wish to participate in the conference call may telephone [phone] from the U.S. or 201-689-8261 from international locations, approximately 15 minutes prior to the call. A digital replay will be available by telephone for two weeks and may be accessed by dialing 877-660-6853 from the U.S. or 201-612-7415 from international locations, using account # 331 and ID # 323702. The call will also be broadcast simultaneously via a live webcast on the Converted Organics website at www.convertedorganics.com under the tab Investors and submenu Events & Presentations.