COIN ladys and gents. Dont let the numbers fool you. This last Q ended march 31st. They really did not start shipping product until march 3rd. And after march 3rd they started to really ramp up shipping and started signing up tons of retailers to carry their product. Anyone that thinks this last Q has anything to really do with their product sales is mistaken. Lets face it how many sales could they have really recorded between the 3rd and the 31st when the Q ended. Hell once the retailer recieves it I am sure it probably takes time to even get it out on the shelves. Bottom line this last Q is not even a way to judge their sales. If COIN dips to much on monday I will be picking some up in my IRA. Most americans dont even really start fixing up their gardens and lawns until April and May.
Converted Organics Reports 46 Tons of Organic Fertilizer Shipped to Major Retail Distribution Chain
Another 55 Tons Scheduled for Shipment this Week; Newly Available Funds to Be Directed Toward Improved Productivity of Manufacturing Process
BOSTON, Mar 03, 2009 (BUSINESS WIRE) -- Converted Organics Inc. (NASDAQ:COIN) announced today that, within the past eleven days, the Company shipped 46 tons of its organic Lawn and Turf fertilizer to a major retail distribution chain for the spring 2009 growing season. The Company anticipates shipping at least another 55 tons to the same major retail distribution chain by Friday, March 6. Converted Organics also announced that it will use a portion of the funds that will be made available upon the completion of yesterday's financing transaction to complete essential components of its Woodbridge, New Jersey manufacturing facility that will improve production efficiency and capacity.
"Converted Organics is pleased to report that we expect to ship at least 11 tons per day of our organic Lawn and Turf fertilizer to our major retail distribution chain customer for the rest of the week," said Edward J. Gildea, President of Converted Organics. "As with any new manufacturing system, we have had to make adjustments to the process in order to achieve our targeted level of operating efficiency. We believe the portion of the newly available funds that will go towards improving the efficiency and productivity of the plant will help us overcome many of the issues associated with running a production system that has never been operated on a commercial scale before. By week's end, we will have shipped over 100 tons of our organic Lawn and Turf fertilizer, an indication that we are resolving these initial challenges."
Converted Organics Ships Approximately 5,000 Gallons of Organic Liquid Fertilizer to East Coast Organics
BOSTON, Mar 13, 2009 (BUSINESS WIRE) -- Converted Organics Inc. (NASDAQ:COIN) announced today that the Company shipped ten 275-gallon totes of Liquid Concentrate(R) 1-1-1 and eight 275-gallon totes of Turf Blend(R) 6-0-0 organic liquid fertilizers to distribution partner East Coast Organics, a wholesale distributor servicing garden centers, growers and professional nurseries in the Mid-Atlantic states. East Coast Organics placed its initial order for Converted Organics' all-natural liquid fertilizers last September, in preparation for the spring 2009 growing season.
"East Coast Organics is an important customer and distribution partner for Converted Organics, and we are very pleased that our organic liquid fertilizer products are now available to thousands of gardening professionals through a company that has a strong reputation for carrying only the finest organic garden supplies," said Edward J. Gildea, President of Converted Organics. "Our Woodbridge, New Jersey manufacturing facility is now operating more efficiently than ever and we are continuing to fill customer orders for the spring growing season."
About East Coast Organics
East Coast Organics is a wholesale distributor of premium quality, field tested organic gardening products. A family owned and operated business with a dedication to quality in its product line and personalized service to its valued customers, East Coast Organics' mission is to offer garden centers, nurseries and professional growers premium quality, field-tested organic supplies that promote responsible land management. By blending the modern theories of sustainable agriculture with ancient agricultural traditions, East Coast Organics has created an essential line of organic garden supplies that will improve the lives of growers' plants and the life of the planet.
Converted Organics Completes Shipment of 132 Tons of Organic Fertilizer to Major Retail Distribution Chain
BOSTON, Mar 16, 2009 (BUSINESS WIRE) -- Converted Organics Inc. (NASDAQ:COIN) announced today that the Company has completed shipping an order for 132 tons of its organic Lawn and Turf fertilizer to a major retail distribution chain for the spring 2009 growing season. The last of 14 product shipments was dispatched from the Company's Woodbridge, New Jersey manufacturing facility on Thursday, March 12th.
"Consumers now have direct access to Converted Organics' Lawn and Turf fertilizer, and we are confident that our organic product will be incorporated into many lawn care management programs this spring," said Edward J. Gildea, President of Converted Organics. "An order of this size from a major retail distribution chain is a milestone for Converted Organics, and we are very pleased that recent improvements in the efficiency and productivity of our Woodbridge manufacturing facility enabled us to fulfill this order in a timely fashion."
Converted Organics Ships 66 Tons of Organic Granular Fertilizer to Northeast Distributors
BOSTON, Mar 31, 2009 (BUSINESS WIRE) -- Converted Organics Inc. (NASDAQ:COIN) announced today that the Company shipped 66 tons of its organic Lawn & Turf 8-1-4 granular fertilizer to two lawn and garden distributors in the Northeast. Purely Organic Lawn Care of Maine and Green Cross, Inc. of Connecticut will market Converted Organics' all-natural fertilizer for use on residential lawns, athletic playing fields, and corporate/institutional campuses.
"The versatility of Converted Organics' Lawn & Turf 8-1-4 fertilizer is demonstrated by its broad array of usage, and we are confident that our distribution partners and their customers will be very satisfied with this product," said Edward J. Gildea, President of Converted Organics. "As we enter the second quarter of 2009, Converted Organics remains focused on new sales of our organic fertilizer products and filling existing customer orders."
Converted Organics Ships Organic Flower & Garden Fertilizer to Midwest Distributor
BOSTON, Apr 06, 2009 (BUSINESS WIRE) -- Converted Organics Inc. (NASDAQ:COIN) announced today that the Company shipped its Flower & Garden 4-1-8 organic fertilizer to Wichita-based Gard'N-Wise Distributors, a specialty distributor of lawn, garden and greenhouse products. Converted Organics' Flower & Garden 4-1-8 fertilizer will be available for retail sale through Gard'N-Wise Distributors' Midwest network of garden centers and retail and commercial nurseries and greenhouses.
"Our Flower & Garden 4-1-8 is the second organic fertilizer in Converted Organics' product line that has been manufactured and shipped to U.S. customers this season," said Edward J. Gildea, President of Converted Organics. "Converted Organics' Flower & Garden 4-1-8 and Lawn & Turf 8-1-4 organic fertilizers are now available to consumers through a network of retailers located in the Midwest and Northeast."
Converted Organics Ships 45 Tons of Organic Fertilizer to New and Existing Customers
BOSTON, Apr 17, 2009 (BUSINESS WIRE) -- Converted Organics Inc. (NASDAQ:COIN) announced today that the Company shipped 45 tons of its Lawn & Turf 8-1-4 and Flower & Garden 4-1-8 organic fertilizer products to five east coast lawn and garden companies this week, including new customer Ted Williams Landscape of Maine. Follow-up shipments of organic fertilizer were also made to existing Converted Organics customers East Coast Organics of Maryland, Purely Organic Lawn Care of Massachusetts, Green Cross Inc. of Connecticut and Commerce Corporation of Maryland.
"Converted Organics welcomes Ted Williams Landscape to our growing network of customers," said Edward J. Gildea, President of Converted Organics. "We continue to increase the amount of organic fertilizer being shipped to our wholesale and retail customers each week, and are very pleased by the positive feedback received to date about our products."
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