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Converted Organics Partners with Hospitality Sector and Major Caribbean Distributor

Monday, October 27, 2008
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A Boston-based company is proving that the hospitality industry can have properties that are both beautifully maintained and environmentally sound. Converted Organics is a company that diverts food waste from landfills and uses state-of-the-art technologies to create all-natural, organic fertilizers. The company is now partnering with resorts, conference centers, and distributors across the United States and Caribbean to collect their food waste and return it to the properties as valuable organic fertilizers.

Along the shoreline of California’s famed Monterey Peninsula, Asilomar Conference Grounds has partnered with Converted Organics to recycle their food waste. This pioneering partnership is helping local farmers grow healthier food while improving environmental quality at the same time. "Each month, we divert approximately 15 tons of waste from landfills and that's a huge plus. But the great reward is helping an industry that's working to be more sustainable," says Ed Schaupp, Director of Facilities for Asilomar Conference Grounds.

Converted Organics unique process is helping to combat a growing problem in the United States. More than 230 million tons of solid waste is produced in this country each year, of which 25 million is food waste. Due to the difficult nature of composting food waste on a large scale, the majority of this waste is destined for landfills or incineration. Converted Organics has harnessed the technology that can transform this excess food into a highly valuable product for farmers and turf alike.

The Matosantos Commercial Corporation of San Juan, Puerto Rico sees the inherent value in this recycled product, and placed its initial order for Converted Organics fertilizer products for the spring 2009 season. The order, totaling 66 tons, includes a variety of retail products, including the granular 8-1-4 lawn and turf product as well as the granular 4-2-8 flower and shrub formulation. "As an island economy, we are aware of the need to adopt environmentally-sound practices. This is a good time to introduce these quality products to both the retail and commercial sectors," said Geronimo Matosantos, Executive Vice President of Marketing for Matosantos Commercial Corporation. “In addition to the large warehouse distributors, Puerto Rico has many destination resorts that will be eager to adopt this product line."

"A product order from a company as highly-respected in Puerto Rico and the Caribbean as Matosantos is a significant milestone for Converted Organics since Matosantos serves a year-round market that is exhibiting strong growth, especially in the destination golf resorts sector," said Edward J. Gildea, President of Converted Organics. "We are very pleased to partner with Matosantos and are confident that their initial order for Converted Organics' products will be the first of many."

Converted Organics (NASDAQ:COIN), based in Boston, MA, is dedicated to producing valuable all-natural, organic soil amendment or fertilizer products through food waste recycling. The company uses proven, state-of-the-art technologies to create a product that helps grow healthier food and improve environmental quality. Converted Organics plans to sell and distribute its environmentally-friendly fertilizer products in the retail, turf management, and agribusiness markets.
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