Converted Organics Inc. (NASDAQ:COIN, COINU, COINW, COINZ) today announced that, commencing on October 22, 2009, the holders of the Company''s units may elect to trade the common stock and Class H warrant included in each of the Company''s units separately. Those units not separated will continue to trade on the NASDAQ Capital Market under the symbol COINU, and each of the shares of common stock and Class H warrants will trade on the NASDAQ Capital Market under the symbols COIN and COINW, respectively. Each Class H warrant is exercisable commencing on December 14, 2009 for one share of common stock at an exercise price of $1.30 per share and expires on October 14, 2014.
About Converted Organics Inc.
Converted Organics (NASDAQ:COIN, www.convertedorganics.com), based in Boston, MA, is dedicated to producing high-quality, all-natural, organic soil amendment and fertilizer products through food waste recycling.
This press release contains forward-looking statements that are subject to risks and uncertainties. These forward-looking statements include information about possible or assumed future results of our business, financial condition, liquidity, results of operations, plans and objectives. In some cases, you may identify forward-looking statements by words such as "may," "should," "plan," "intend," "potential," "continue," "believe," "expect," "predict," "anticipate" and "estimate," the negative of these words or other comparable words. These statements are only predictions. One should not place undue reliance on these forward-looking statements. The forward-looking statements are qualified by their terms and/or important factors, many of which are outside the company''s control, involve a number of risks, uncertainties and other factors that could cause actual results and events to differ materially from the statements made. The forward-looking statements are based on the company''s beliefs, assumptions and expectations of our future performance, taking into account information currently available to the company. These beliefs, assumptions and expectations can change as a result of many possible events or factors, including those events and factors described in the "Risk Factors" section in the company’s most recently filed annual report on Form 10-K, as updated in the company''s quarterly reports on Form 10-Q filed since the annual report, not all of which are known to the company. Neither the company nor any other person assumes responsibility for the accuracy or completeness of these statements. The company will update the information in this press release only to the extent required under applicable securities laws. If a change occurs, the company''s business, financial condition, liquidity and results of operations may vary materially from those expressed in the aforementioned forward-looking statements.
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