Converted Organics Inc. Liquid Fertilizer Improves Turf Growth and ...

Tag : Fertilizer
BOSTON - (Business Wire) Converted Organics Inc. (NASDAQ: COIN ) announced today that use of the Company ’ s all-natural, organic Liquid Concentrate ™ 1-1-1 fertilizer at Cape Cod Country Club, one of Massachusetts ’ premier public golf courses, resulted in improved turf growth andquality, as well as excellent disease suppression, compared toconventional fertilizers previously used at the site.
Mark McEachern, superintendent of Cape Cod Country Club, appliedthree treatments of Converted Organics ’ all-natural Liquid Concentrate ™ 1-1-1 fertilizer at a rate of four gallons per acre to Poa, Bent,Rye and Blue grass on the greens, tees and fairways at Cape CodCountry Club, starting in August. He reduced fungicide applicationto half-rates, resulting in a significant cost savings.
“ The results achieved with Converted Organics ’ Liquid Concentrate were fantastic, impressing me and the club ’ s owners. The turf definitely increased in population and theoverall look and quality noticeably improved. We did not experiencea single fungus problem, even at the half-rate application, ” said Mr. McEachern. “ I chose Converted Organics ’ Liquid Concentrate ™ due to the stimulation of high levels of soil microbial activityand potential for reducing thatch, and I will definitely continueusing it. I am looking forward to utilizing other ConvertedOrganics products as they come to market. ”
“ The professional turf market is a critical and significant customerbase for Converted Organics, and we are very pleased that Mr.McEachern ’ s experience mirrored the success we obtained in our own growthtrials, ” said Edward J. Gildea, President of Converted Organics. “ We are confident that his experience will serve as a model forpublic and private golf courses throughout the U.S. ”
About Cape Cod Country Club
On the borders of the magnificent and serene Coonemessett Lake inFalmouth Massachusetts, Cape Cod Country Club offers an 18 holechampionship golf course open to the general public. ThisMassachusetts golf course was laid out with an interesting varietyof undulating fairways and subtly sloped greens wandering through alandscape with charming vistas of lakes and woods. The layout iswonderfully enjoyed by golfers of all skill levels. Home of threeUSGA Massachusetts Opens and the annual host of the Cape Cod SeniorOpen golf tournament, Cape Cod Country Club is proud to be alwaysopen to the public.
About Converted Organics Inc.
Converted Organics (NASDAQ: COIN ), based in Boston, MA, is dedicated to producing valuableall-natural, organic soil amendment or fertilizer products throughfood waste recycling. The company uses proven, state-of-the-arttechnologies to create a product that helps grow healthier food andimprove environmental quality. Converted Organics plans to sell anddistribute its environmentally-friendly fertilizer products in theretail, turf management, and agribusiness markets.
Converted Organics' fertilizer products will be produced in both adry pellet and liquid concentrate. Converted Organics' productshave been tested in numerous field trials for more than a dozencrops with the result that, on average, the net value of thefarmer's crop increased 11-16%, depending on the particular cropand product application. This is due, in part, to the diseasesuppression characteristics of the product, which reduce oreliminate the need for other costly, often toxic, crop protectionapplications. Increased use of nitrogen in commercial agricultureand turf grass applications, such as golf courses, has reduced thesoil's ability to absorb nitrogen and other nutrients. Using theproducts produced by Converted Organics helps restore the soil byreplenishing these micronutrients. This reduces the amount ofnitrogen required in a virtuous cycle that benefits from long-termuse. As a result, use of the product will reduce chemical run-offto streams, ponds and rivers, an objective with significantlong-term benefits to the environment.
The products have a long shelf life compared to many other organicfertilizers. In a number of lab and field trials, the liquidproduct has been shown to be effective in mitigating powderymildew, a leaf fungus that affects most plants and grasses andrestricts the flow of water and nutrients to the plant. TheCompany's fertilizer products can be used on a stand-alone basis orin combination with more traditional fertilizers and cropprotection products. Converted Organics expects to benefit fromincreased regulatory focus on organic waste processing and onenvironmentally-friendly growing practices.
This press release contains forward-looking statements that aresubject to risks and uncertainties. These forward-lookingstatements include information about possible or assumed futureresults of our business, financial condition, liquidity, results ofoperations, plans and objectives. In some cases, you may identifyforward-looking statements by words such as "may," "should,""plan," "intend," "potential," "continue," "believe," "expect,""predict," "anticipate" and "estimate," the negative of these wordsor other comparable words. These statements are only predictions.One should not place undue reliance on these forward-lookingstatements. The forward-looking statements are qualified by theirterms and/or important factors, many of which are outside theCompany's control, involve a number of risks, uncertainties andother factors that could cause actual results and events to differmaterially from the statements made. The forward-looking statementsare based on the Company's beliefs, assumptions and expectations ofour future performance, taking into account information currentlyavailable to the Company. These beliefs, assumptions andexpectations can change as a result of many possible events orfactors, including those events and factors described in "RiskFactors" in the prospectus, not all of which are known to theCompany. Neither the Company nor any other person assumesresponsibility for the accuracy or completeness of thesestatements. The Company will update the information in this pressrelease only to the extent required under applicable securitieslaws. If a change occurs, the Company's business, financialcondition, liquidity and results of operations may vary materiallyfrom those expressed in the aforementioned forward-lookingstatements.
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