Finjan Holdings Inc (FNJN)

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Converted Organics Reports Sales Results for Third Quarter Ended September 30, 2009
BY CapIQ
— 12:03 PM ET 10/28/2009

Converted Organics Inc. (COIN



Announced that third quarter 2009 sales of organic fertilizer products from the company's Gonzales, California manufacturing facility increased approximately 64% over sales from the quarter ending September 30, 2008. The company also reported a positive operating margin from its Gonzales plant of approximately 11% of sales for the quarter ended September 30, 2009, as compared to a negative operating margin of 45% of sales for the same quarter in 2008. The third quarter increase in organic fertilizer sales from its Gonzales plant over the same period in 2008 continues the trajectory of year-over-year quarterly sales growth begun by Gonzales in the second quarter of 2009.