Replies to post #4078 on Finjan Holdings Inc (FNJN)

[Pandemonium]

hahaha, awesome, did you buy yesterday nebula? it might give a one-day bounce

[chmcnfunds]

Converted Organics Announces New TerraSphere Licensee, Eco-Leaf Farms
TerraSphere Facility to be Built in New Brunswick to Serve the Atlantic Provinces

BOSTON, Jul 6, 2011 (GlobeNewswire via COMTEX) -- Converted Organics Inc. COIN -18.03% announced today that TerraSphere Systems, LLC continues to build momentum with its vertical farming business by signing a new licensee for the Atlantic Provinces (New Brunswick, Prince Edward Island, Nova Scotia, Newfoundland and Labrador). Under the agreement, Eco-Leaf Farms will take over the license previously sold to Regional Growth Systems and will own an expanded license to utilize TerraSphere's advanced vertical farming technology, with exclusive rights to a territory which includes New Brunswick and the remaining Atlantic Provinces, to grow fresh produce for local communities.

Nick Brusatore, Technical Director of TerraSphere Systems, comments, "We're really excited about this new expanded Atlantic project. Eco-Leaf Farms plans to construct a facility with 30 vertical farming carousels, which, when completed, would make this TerraSphere's largest project, to date, in Canada."

John Walsh, Spokesperson for Eco-Leaf Farms adds, "With a very short local growing season, most of the food we consume is picked days, weeks and, in some cases, months prior to being trucked several thousand miles from California or Mexico. Vertical, urban farming is being discussed as a way to eliminate the cost and aging of produce at local markets across Canada. An investment of this magnitude puts New Brunswick at the forefront of this important industry." Walsh continues, "After an exhaustive review of vertical farming technology and support, Eco-Leaf Farms determined that TerraSphere offers the best system available."

TerraSphere designs and builds super-efficient vertical farming systems that grow a variety of crops in pollutant-free environments. The technology is contained, which means crops can be grown year-round in any location, and at considerably higher yields than traditional growth methods. The result is an abundance of fresh, cost-competitive produce.

Vertical farming provides a valuable urban agricultural model that allows locally grown, fresh, pesticide-free produce to be cultivated closer to population centers, resulting in lower supply chain costs, as well as reduced carbon emissions and fuel costs associated with traditional production and distribution methods. These controlled growing environments protect crops from weather-related problems, eliminate the need for synthetic pesticides, herbicides and fungicides, reduce nitrate run-off and help preserve natural resources through a reduction in the need for additional farmland.

About Converted Organics

Converted Organics' COIN -18.03% mission is to promote, develop and operate profitable innovative clean technologies that contribute to the improvement of our environment by use of sustainable business practices and the judicious use of natural resources. Converted Organics Inc. is currently composed of three primary lines of business at the intersection of Agriculture, Water and Waste Recycling. Each business contributes to our mission and uses sustainable business practices that protect and value the environment. The three lines of business are Organic Fertilizer (Converted Organics), Vertical Farming (TerraSphere Systems - www.terraspheresystems.com ), and Industrial Wastewater Treatment (Industrial Wastewater Resources).

The Converted Organics Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7431

This press release contains forward-looking statements that are subject to risks and uncertainties. These forward-looking statements include information about possible or assumed future results of our business, financial condition, liquidity, results of operations, plans and objectives. In some cases, you may identify forward-looking statements by words such as "may," "should," "plan," "intend," "potential," "continue," "believe," "expect," "predict," "anticipate" and "estimate," the negative of these words or other comparable words. Forward-looking statements include, the TerraSphere transaction being in the long-term interest of the Company and that TerraSphere make significant contributions to the combined company going forward. These statements are only predictions. One should not place undue reliance on these forward-looking statements. The forward-looking statements are qualified by their terms and/or important factors, many of which are outside the Company's control, involve a number of risks, uncertainties and other factors that could cause actual results and events to differ materially from the statements made. The forward-looking statements are based on the Company's beliefs, assumptions and expectations of our future performance, taking into account information currently available to the Company. These beliefs, assumptions and expectations can change as a result of many possible events or factors, including those events and factors described in the "Risk Factors" section in the Company's most recently filed annual report on Form 10-K, as updated in the Company's quarterly reports on Form 10-Q filed since the annual report, not all of which are known to the Company. Neither the Company nor any other person assumes responsibility for the accuracy or completeness of these statements. The Company will update the information in this press release only to the extent required under applicable securities laws. If a change occurs, the Company's business, financial condition, liquidity and results of operations may vary materially from those expressed in the aforementioned forward-looking statements.

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This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: Converted Organics Inc.
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http://www.marketwatch.com/story/converted-organics-announces-new-terrasphere-licensee-eco-leaf-farms-2011-07-06?reflink=MW_news_stmp

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