Converted Organics (COIN) Announces 50% Revenue Increase

Shares of Converted Organics (COIN), which continue to look bullish, are up another 10% in premarket trading following a press release from the company stating that their revenues for the first half of 2009 are tracking 50% higher than the year ago period.

“Converted Organics is very pleased that our revenue continues to increase as a result of our achievements to date this year, specifically sales from our Gonzales, California facility and the progress made on improving operations at our Woodbridge, New Jersey plant,” said Edward J. Gildea, President of Converted Organics. “The positive sales results we achieved in the west reinforce our optimism regarding ongoing opportunities with agricultural markets in the east. We remain committed to continuing to improve operations at our New Jersey plant and securing distribution channels for Converted Organics’ products in east coast markets.”

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