Converted Organics, Inc. Partners with ITC to Facilitate BankAtlantic's Efforts to Become Organic Banking System

Posted: Jun 29, 2010 |Comments: 0 |

Converted Organics (NASDAQ: COIN) 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 to process various biodegradable food wastes into dry pellet and liquid concentrate organic fertilizers that help grow healthier food and improve environmental quality.

Today, COIN announced that it's working with its commercial landscaping customer Integrated Turf Care LLC. (ITC) to help make Florida's BankAtlantic the 1st banking system in South Florida to implement an organic-only grounds maintenance program on the property of 31 of its 100 branch locations, concentrated in the areas of Broward Count and Palm Beach. This is being done in an effort to promote sustainability within the respective communities.

ITC recently began utilizing Converted Organics all-natural, organic fertilizers to develop environmentally friendly options for its customers, and plans to use the company's Converted Organics 8-1-4™ Lawn & Turf fertilizer on the lawns of BankAtlantic. The 8-1-4™ Lawn & Turf fertilizer provides an environmentally-sound alternative to chemical fertilizers, helping to both improve soil health and reduce the risk of the chemical run-off associated with the use of chemical fertilizers. Results are achieved through fewer applications because of the slow, long-lasting nutritional release properties of the fertilizer which are delivered to the grass through the soil. Converted Organics fertilizer products not only provide a viable organic lawn-care solution, but help prevent food waste from being dumped into landfills, which generate harmful greenhouse gases into the air.

Jason Dowgiwicz is Turf Sales Representative for Converted Organics, and helped facilitate the initial relationship between the ITC and the Company. "We feel it's a great opportunity to be working with not just one, but two companies so dedicated to serving both its clientele and the environment. Converted Organics is excited to further expand the use of its line of organic fertilizer products within the Florida area, and together with ITC and BankAtlantic, will help to preserve the state not only for its residents, but in effect, for its tourism industry, which is dependent upon the health and beauty of its ecology."

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