When the markets rebounded from last week’s terrifying pounding, fertilizer and agricultural chemical stocks were the first to rebound Monday morning. Converted Organics Inc. (Nasdaq: COIN) was one to benefit from the rally as its shares recovered 53.4 percent, fueled by confidence on Wall Street and the company’s news of an established distribution agreement.

The company today announced it has entered into a deal with fertilizer distributor Simplot Partners to inject Converted Organics’ all-natural liquid and granular fertilizers and liquid soil amendment to the professional turf market, focusing on the western United States.

“The professional turf market represents an enormous opportunity for Converted Organics, and the network of golf courses serviced by Simplot Partners is extensive,” Edward J. Gildea, president of Converted Organics stated in the press release. “Our relationship with Simplot Partners provides Converted Organics with the opportunity to sell our line of organic turf fertilizer and soil

Converted Organics Inc. (COIN) is a company dedicated to producing a valuable, all-natural, organic soil fertilizer product through food waste recycling. The company will sell and distribute its environmentally-friendly fertilizer or biostimlant in the retail, turf management and agribusiness markets.

Converted Organics has received the permits needed to build their first facility in Woodbridge, New Jersey. This facility is licensed to process 500 tons of organic food waste per day. When operational, this will translate to 150,000 tons of waste diverted from landfills each year.

Converted Organics does possess proprietary, state-of-the-art technology. The company’s high temperature liquid composting process is a proven microbial digestion technology that processes various biodegradable food waste products into liquid and solid organic-based fertilizer.

On September 15, 2008, Converted Organics announced an agreement with Central Jersey Waste/ Premier Management. Central Jersey Waste is the leading company in New Jersey in the business of food waste management. The two companies

Converted Organics Inc. (Nasdaq: COIN) uses state-of-the-art technologies to create organic soil amendments or fertilizer products through food waste recycling. The company’s products have been tested in numerous field trials and are expected to be distributed to the retail, turf management and agribusiness markets.

The company today announced it will team up with North American marketing group Gro Group Inc. as a manufacturing partner next year. Converted Organics will supply its organic granular fertilizer for lawn, turf, flower and garden use and distribute those products through seven of Gro Group’s major distributors, which service up to 15,000 lawn and garden retailers throughout the United States. Gro Group’s distributors service more than 90 percent of independent lawn and garden retailers in the United States and Canada.

For Converted Organics, this relationship will allow the company to benefit from ongoing strategic sales and marketing efforts and will help the company secure its