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Advanced Growing Systems, Inc. (OTC BB: AGWS | Quote | Chart | News | PowerRating) closed at $0.21 Tuesday, trading 44,582 shares.
Company News- September 24, 2008: Organic Growing Systems, Inc. Announces Long-Term Feedstock Supply Agreement
Earlier today Organic Growing Systems, Inc., a subsidiary of Advanced Growing Systems, Inc. (OTC BB: AGWS | Quote | Chart | News | PowerRating) announced the signing of a three year broiler litter feedstock supply agreement with its current litter supplier. This agreement will facilitate the increased supply necessary for full production at the Monticello MS factory for up to 200 tons per day. The contract locks in both a specific amount of supply and a price point per ton for the next three years.
To read the full news release, go to www.stockprofiler.us, and click the Headline link after entering the ticker symbol.
About AGWS:
Advanced Growing Systems, Inc. ("AGSI" or the "Company"), founded in 2006, is the parent company of Organic Growing Systems, Inc. (a scientifically advanced Organic fertilizer manufacturer) and Advanced Nurseries, Inc. (a wholesale group of Commercial Nurseries located in the Southeastern US). AGSI is dedicated to providing its shareholders significant value and is directly involved in the $48 Billion fertilizer market and the $66 Billion Green Industry. For more information, please visit www.AGSIncorporated.com.
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Converted Organics Inc. (NASDAQ:COIN) closed at $7.41 Tuesday, trading 431,600 shares.
Company News- September 24, 2008: Converted Organics Inc. Receives Award for Innovative Smartcube(TM) Packaging from Major Lawn and Garden Distributor
Converted Organics Inc. (NASDAQ:COIN) announced earlier today that the company was awarded the 2008 Arett Sales New Packaging Award for its innovative Smartcube(TM) flower and garden organic fertilizer packaging. Arett Sales is the premier distributor of lawn and garden products in the northeastern United States, servicing over 2,750 customers. Arett presented the award to Converted Organics during its Spring 2009 Product Showcase Trade Show, held September 15-16 in Atlantic City, New Jersey.
To read the full news release, go to www.stockprofiler.us, and click the Headline link after entering the ticker symbol.
About Arett Sales
Arett Sales, based in Cherry Hill, New Jersey, is a 56-year-old, family-owned Lawn and Garden and Consumer Products Distributor. With 40 salespeople, Arett offers over 5,000 items from its three warehouses, including its newest in Troy, OH (opening November 1, 2008) and ships to 20 states throughout the northeastern United States. Arett Sales has several other business divisions including Arett Outsource, which provides third-party fulfillment and supply chain solutions for manufacturers and retailers; The Works, an import product division with private label brands that include The Works, Apco, Christmas by Frosty and Terra Verde; Goodprod Sales, a professional lawn, garden and landscape division that sells directly to municipalities and lawn and garden professionals; National Prime Source, a partnership with other regional distributors which sells consumer products to national retailers throughout the United States; and Arett e-Solutions, an internet fulfillment business offering fulfillment for e-tailers and retailers throughout the United States.
About Converted Organics Inc.
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.
Converted Organics' fertilizer products will be produced in both a dry pellet and liquid concentrate. Converted Organics' products have been tested in numerous field trials for more than a dozen crops with the result that, on average, the net value of the farmer's crop increased 11-16%, depending on the particular crop and product application. This is due, in part, to the disease suppression characteristics of the product, which reduce or eliminate the need for other costly, often toxic, crop protection applications. Increased use of nitrogen in commercial agriculture and turf grass applications, such as golf courses, has reduced the soil's ability to absorb nitrogen and other nutrients. Using the products produced by Converted Organics helps restore the soil by replenishing these micronutrients. This reduces the amount of nitrogen required in a virtuous cycle that benefits from long-term use. As a result, use of the product will reduce chemical run-off to streams, ponds and rivers, an objective with significant long-term benefits to the environment.
The products have a long shelf life compared to many other organic fertilizers. In a number of lab and field trials, the liquid product has been shown to be effective in mitigating powdery mildew, a leaf fungus that affects most plants and grasses and restricts the flow of water and nutrients to the plant. The Company's fertilizer products can be used on a stand-alone basis or in combination with more traditional fertilizers and crop protection products. Converted Organics expects to benefit from increased regulatory focus on organic waste processing and on environmentally-friendly growing practices.
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