DALLAS, Feb. 10, 2010 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring Converted Organics Inc. (Nasdaq:COIN). The report includes financial, comparative and investment analyses and pertinent industry information you need to know to make an educated investment decision.
The full report is available at: http://www.beaconequity.com/i/COIN
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Converted Organics Inc. (COIN) operates processing facilities that use food waste as raw material to manufacture all-natural soil amendment products combining nutritional and disease suppression characteristics. In addition to its sales in the agribusiness market, the Company sells and distributes its products in the turf management and retail markets.
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In the report, the analyst notes:
"COIN announced that third-quarter 2009 sales of organic fertilizer products from the Company's Gonzales, California, manufacturing facility increased approximately 64% over sales from the quarter ending September 30, 2008. The Company also reported a positive operating margin from its Gonzales plant of approximately 11% of sales for the quarter ended September 30, 2009, as compared to a negative operating margin of 45% of sales for the same quarter in 2008.
"COIN recently announced that it shipped a re-order for its organic Lawn & Turf fertilizer to The Home Depot, the world's largest home improvement specialty retailer, in preparation for the upcoming 2010 growing season. The Home Depot placed its initial order for COIN all-natural Lawn & Turf fertilizer in December 2008 through distributor New England Pottery, an affiliate of Central Garden & Pet. Last year, COIN's Lawn & Turf fertilizer was carried in 94 The Home Depot stores throughout Massachusetts, Connecticut, Rhode Island and Long Island, New York."
To read the entire report visit: http://www.beaconequity.com/i/COIN
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