Converted Organics
Converted Organics Inc. Announces a 65 Percent Increase in 2010 First Quarter Sales and Elimination of Going Concern Qualification
Apr. 13, 2010 (Business Wire) -- Converted Organics Inc. (NASDAQ:COIN) announced today that sales of its organic fertilizer products and tip fees totaled $811,600 for the first quarter of 2010, a figure that boosts Company sales 65 percent from its reported 2009 first quarter earnings of $492,000. The Company also announced that its financial statements for the fiscal year ended December 31, 2009, included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 31, 2010, did not contain a going concern qualification from its independent public accountants, CCR LLP.
"We are pleased with the significant progress our Company has demonstrated with our first quarter earnings and we are happy to report the elimination of the going concern qualification," said Edward J. Gildea, President of Converted Organics. "We expect to see this growth continue while our priorities remain increasing sales of our organic fertilizer products, expanding through acquisition opportunities, and increasing manufacturing efficiency.”
Date : 04/14/2010 @ 10:22AM
Source : Business Wire
Stock : Converted Organics Inc. (COIN)
Quote : 1.0099 -0.0401 (-3.82%) @ 10:32AM
Odor Litigation Against Converted Organics’ Woodbridge Plant Withdrawn
Converted Organics Inc. (NASDAQ:COIN) announces that the lawsuit filed in the Middlesex County Superior Court, New Jersey on May 19, 2009 that made claims against operations at its Woodbridge, NJ manufacturing facility, has been dismissed by plaintiff Lefcourt Associates, Ltd, et al.
The complaint had sought to halt any operations that would continue to cause or contribute to the cause of the alleged odors.
“The dismissal indicates the plaintiff was not prepared or able to prove the allegations in the complaint. We believe we have solved any issue that was attendant to our early operations and we have taken every effort to operate as a valued member of the community, providing jobs and recycling food waste. We look forward to increasing production of our organic fertilizers in the Woodbridge plant.” said Edward J. Gildea, President of Converted Organics.
About Converted Organics Inc.
Converted Organics (NASDAQ:COIN, www.convertedorganics.com), based in Boston, MA, is dedicated to producing high-quality, all-natural, organic soil amendment and fertilizer products through food waste recycling. The Company uses its proprietary High Temperature Liquid Composting (HTLC) system, a proven, state-of-the-art microbial digestion technology, to process various biodegradable food wastes into dry pellet and liquid concentrate organic fertilizers that help grow healthier food and improve environmental quality. Converted Organics sells and distributes its environmentally-friendly fertilizer products in the retail, professional turf management, and agribusiness markets.
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. 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, not all of which are known to the company, described most recently in the "Risk Factors" section in the Company's most recently filed annual report on Form 10-K. 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.
COIN-G
10:23AM Converted Organics announces odor litigation against Converted Organics' Woodbridge plant withdrawn (COIN) 1.01 -0.03 : Co announces that the lawsuit filed in the Middlesex County Superior Court, New Jersey on May 19, 2009 that made claims against operations at its Woodbridge, NJ manufacturing facility, has been dismissed by plaintiff Lefcourt Associates, Ltd, et al. The complaint had sought to halt any operations that would continue to cause or contribute to the cause of the alleged odors.
:-)
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=48982364
Posted by: lowtrade | Date: Wednesday, April 14, 2010 3:38:51 PM |
In reply to: _bbb_ who wrote msg# 16309 | Post # of 16323 |
Did COIN get a delisting notice, which comes due around now? The chart shows a failed flag with channel, just under a dollar.
Yesterdays spike could have been insiders (funders) keeping it listed.
Which would fit nice for the run/retrace/channel pattern, after the flag failure.
Expecting channel breakout up between days 36 to 50. Today is day 45 ! You could see a breakout run to the previous high, around $1.15 target!!!
Yesterdays spike could have been insiders (funders) keeping it listed.
Which would fit nice for the run/retrace/channel pattern, after the flag failure.
Expecting channel breakout up between days 36 to 50. Today is day 45 ! You could see a breakout run to the previous high, around $1.15 target!!!
Welcome to my mind!
Success to all!
IHUB http://www.investorshub.com/boards/board.asp?board_id=3972
http://www.youtube.com/lowtrade
http://www.twitter.com/lowtrade
Success to all!
IHUB http://www.investorshub.com/boards/board.asp?board_id=3972
http://www.youtube.com/lowtrade
http://www.twitter.com/lowtrade
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=48983591
Posted by: lowtrade | Date: Wednesday, April 14, 2010 3:52:07 PM |
In reply to: _bbb_ who wrote msg# 16309 | Post # of 16324 |
Posted by: lowtrade | Date: Wednesday, April 14, 2010 3:52:07 PM |
In reply to: _bbb_ who wrote msg# 16309 | Post # of 16324 |
COIN here is a chart eval showing what I was posting about.
chart below
RUN/RETRACE/CHANNEL pattern
chart below
RUN/RETRACE/CHANNEL pattern
Welcome to my mind!
Success to all!
IHUB http://www.investorshub.com/boards/board.asp?board_id=3972
http://www.youtube.com/lowtrade
http://www.twitter.com/lowtrade
Success to all!
IHUB http://www.investorshub.com/boards/board.asp?board_id=3972
http://www.youtube.com/lowtrade
http://www.twitter.com/lowtrade
http://www.insidercow.com
COIN
P 2010-04-07 2010-04-07 16:06:35 Converted Organics Inc. COIN Gildea Edward J CEO 9,200 $0.85 $7,838.40 70,000 view
P 2010-04-07 2010-04-07 16:06:35 Converted Organics Inc. COIN Gildea Edward J CEO 100 $0.85 $85.19 60,800 view
P 2010-04-07 2010-04-07 16:06:35 Converted Organics Inc. COIN Gildea Edward J CEO 400 $0.85 $340.08 60,700 view
P 2010-04-07 2010-04-07 16:06:35 Converted Organics Inc. COIN Gildea Edward J CEO 300 $0.85 $255.03 60,300 view
P 2010-02-08 2010-02-09 13:03:12 Converted Organics Inc. COIN Gildea Edward J CEO 1,200 $0.79 $952.80 92,570 19.65% view
P 2010-02-08 2010-02-09 13:03:12 Converted Organics Inc. COIN Gildea Edward J CEO 263 $0.80 $209.45 91,370 19.29% view
P 2009-12-31 2009-12-31 11:18:25 Converted Organics Inc. COIN Gildea Edward J CEO 2,500 $0.70 $1,741.50 58,500 24.89% view
P 2009-12-31 2009-12-31 11:18:25 Converted Organics Inc. COIN Gildea Edward J CEO 750 $0.70 $523.42 56,000 24.66% view
P 2009-12-30 2009-12-30 16:18:58 Converted Organics Inc. COIN Allen David R CFO 5,000 $0.69 $3,427.00 7,796 26.93% view
P 2009-12-30 2009-12-30 13:54:17 Converted Organics Inc. COIN Gildea Edward J CEO 2,600 $0.70 $1,816.36 55,250 24.53% view
P 2009-12-30 2009-12-30 13:54:17 Converted Organics Inc. COIN Gildea Edward J CEO 3,900 $0.70 $2,730.00 52,650 24.29% view
P 2009-12-28 2009-12-30 13:27:45 Converted Organics Inc. COIN Gildea Edward J CEO 6,000 $0.65 $3,904.20 48,750 42.92% view
P 2009-12-28 2009-12-28 15:38:52 Converted Organics Inc. COIN Gildea Edward J CEO 5,100 $0.64 $3,287.46 42,750 44.28% view
P 2009-12-28 2009-12-28 15:38:52 Converted Organics Inc. COIN Gildea Edward J CEO 700 $0.65 $452.41 37,650 43.90% view
P 2009-12-28 2009-12-28 15:38:52 Converted Organics Inc. COIN Gildea Edward J CEO 100 $0.64 $64.47 36,950 44.25% view
P 2009-12-28 2009-12-28 15:38:52 Converted Organics Inc. COIN Gildea Edward J CEO 100 $0.65 $64.52 36,850 44.14% view
P 2009-12-28 2009-12-28 15:38:52 Converted Organics Inc. COIN Gildea Edward J CEO 200 $0.64 $128.94 36,750 44.25% view
P 2009-12-28 2009-12-28 15:38:52 Converted Organics Inc. COIN Gildea Edward J CEO 200 $0.64 $128.90 36,550 44.30% view
P 2009-12-28 2009-12-28 15:38:52 Converted Organics Inc. COIN Gildea Edward J CEO 600 $0.64 $386.76 36,350 44.28% view
P 2009-12-28 2009-12-28 15:38:52 Converted Organics Inc. COIN Gildea Edward J CEO 6,000 $0.65 $3,904.20 35,750 42.92% view
P 2009-12-23 2009-12-23 16:05:54 Converted Organics Inc. COIN Gildea Edward J CEO 1,700 $0.66 $1,120.81 29,750 54.71% view
P 2009-12-23 2009-12-23 16:05:54 Converted Organics Inc. COIN Gildea Edward J CEO 500 $0.66 $329.75 28,050 54.66% view
P 2009-12-23 2009-12-23 16:05:54 Converted Organics Inc. COIN Gildea Edward J CEO 5,100 $0.66 $3,358.35 27,550 54.90% view
P 2009-12-23 2009-12-23 16:05:54 Converted Organics Inc. COIN Gildea Edward J CEO 500 $0.66 $329.70 22,450 54.69% view
P 2009-12-23 2009-12-23 16:05:54 Converted Organics Inc. COIN Gildea Edward J CEO 100 $0.65 $65.50 21,950 55.73% view
P 2009-12-23 2009-12-23 16:05:54 Converted Organics Inc. COIN Gildea Edward J CEO 100 $0.65 $65.49 21,850 55.75% view
P 2009-12-22 2009-12-22 15:30:58 Converted Organics Inc. COIN Gildea Edward J CEO 4,100 $0.68 $2,798.66 21,750 49.43% view
P 2009-12-22 2009-12-22 15:30:58 Converted Organics Inc. COIN Gildea Edward J CEO 2,400 $0.68 $1,638.48 17,650 49.41% view
P 2009-12-22 2009-12-22 15:30:58 Converted Organics Inc. COIN Gildea Edward J CEO 500 $0.68 $341.05 15,250 49.54% view
P 2009-12-21 2009-12-21 17:16:11 Converted Organics Inc. COIN Gildea Edward J CEO 8,000 $0.62 $5,000.00 14,750 72.80% view
P 2009-04-20 2009-04-20 11:03:02 Converted Organics Inc. COIN Gildea Edward J CEO 4,000 $0.85 $3,395.60 91,107 75.52% view
P 2009-04-15 2009-04-15 15:07:13 Converted Organics Inc. COIN Gildea Edward J CEO 1,000 $0.91 $906.30 6,750 115.16% view
P 2009-04-15 2009-04-15 15:07:13 Converted Organics Inc. COIN Gildea Edward J CEO 900 $0.91 $815.67 87,107 115.16% view
P 2009-04-15 2009-04-15 15:07:13 Converted Organics Inc. COIN Gildea Edward J CEO 100 $0.90 $90.00 86,207 116.67% view
P 2009-03-30 2009-03-30 10:52:49 Converted Organics Inc. COIN Gildea Edward J CEO 1,000 $0.83 $829.00 86,107 58.02% view
P 2009-01-08 2009-01-08 16:00:49 Converted Organics Inc. COIN Stoltenberg Edward A director 35 $4.94 $172.90 2,966 -40.69% view
P 2008-11-25 2008-11-25 14:33:58 Converted Organics Inc. COIN Gildea Edward J CEO 700 $2.74 $1,918.00 74,006 24.82% view
P 2008-11-25 2008-11-25 14:33:58 Converted Organics Inc. COIN Gildea Edward J CEO 209 $2.78 $581.02 73,306 23.02% view
P 2008-11-25 2008-11-25 14:33:58 Converted Organics Inc. COIN Gildea Edward J CEO 2,591 $2.83 $7,332.53 73,097 20.85% view
P 2008-10-10 2008-10-10 14:49:23 Converted Organics Inc. COIN Gildea Edward J CEO 1,000 $3.58 $3,580.00 5,000 86.87% view
P 2008-09-30 2008-10-01 10:27:25 Converted Organics Inc. COIN Gildea Edward J CEO 700 $4.75 $3,325.00 4,000 35.37% view
P 2008-09-30 2008-10-01 10:27:25 Converted Organics Inc. COIN Gildea Edward J CEO 300 $4.59 $1,377.00 3,300 40.09% view
P 2008-07-11 2008-07-11 17:37:43 Converted Organics Inc. COIN Gildea Edward J CEO 1,000 $4.95 $4,950.00 3,000 -24.44% view
P 2008-05-23 2008-05-23 12:41:30 Converted Organics Inc. COIN Gildea Edward J CEO 1,000 $7.45 $7,455.00 2,000 -6.91% view
P 2008-05-22 2008-05-22 14:49:06 Converted Organics Inc. COIN Allen David R CFO 1,000 $7.87 $7,870.00 1,000 -9.53% view
P 2008-05-22 2008-05-22 12:51:31 Converted Organics Inc. COIN Gildea Edward J CEO 1,000 $7.57 $7,570.00 1,000 -5.94% view
YES, effective February 16, 2010
COIN ( new symbol COIN ) removes its old Units ( old symbol COINU )
to benefit
investors who have reported being faced
with fees when they have attempted
to convert the Units themselves.
UP WE GO : )
A GOOD PRODUCT DESERVES CREDIT !
Converted Organics' Technology and Processes to Be Utilized in Africa
http://ir.convertedorganics.com/releasedetail.cfm?ReleaseID=389135