Boston, Mass. based Converted Organics, Inc. is turning trash into cash at its new processing facility in Woodbridge, New Jersey. The company just announced the receipt of the first food-waste shipment for conversion to high-grade organic fertilizer.

Waste management firm Russell Reid of Keasbey, New Jersey delivered the 70-ton load on Tuesday (July 1st), marking the first batch of liquid food waste to enter Converted Organics’ high-temperature liquid composting system. The two companies have a standing agreement regarding the processing and conversion of waste obtained from Russell Reid’s food service customers.

“We have begun processing our first shipment of 15,000 gallons of liquid food waste (approximately 70 tons), and are very pleased that its conversion into high-quality organic fertilizer via our High Temperature Liquid Composting (HTLC) system is proceeding as efficiently and effectively as expected,” stated Edward Gildea, president of Converted Organics. “Our team of experts in Woodbridge expects similar

Last Mile Logistics Group (LMLG.OB) is a third-party logistics provider for government agencies, medical providers, professional firms, retailers, telecommunication firms, associations, manufacturers, and other logistic providers. The company services the “last mile” transportation needs of clients in varying industries and offers cost savings by reducing their clients’ carbon footprints.

Last Mile started doing business by focusing on business-to-business (B2B) deliveries that included envelopes and small packages. The company has effectively made the transition from their B2B deliveries to a business-to-consumer (B2C) focus. Last Mile’s B2C focus has grown their third party logistics (3PL) services to deliveries of televisions, appliances, furniture, bedding, and varying high-value merchandise. The company offers deliveries to homes, assembling of products, and communicating scheduled deliveries.

Last Mile intends to acquire other providers of logistics services. The company believes the 3PL market is highly fragmented and sees growth and capital opportunities in future acquisitions.

Ultralife Batteries Inc. (ULBI), a battery company that also offers products and services ranging from portable and standby power solutions to communications and electronics systems, recently increased the company’s second quarter 2008 revenue outlook from $65 million to $70 million to more than $75 million as product demand continues to increase and customers require expedited deliveries.

Ultralife’s stock posted a 25% increase in trading volume following the release of the higher earnings estimate. After evaluating recent sales and deliveries, the company boosted its earnings estimate due to strong demand from government, defense and commercial customers across the globe and increased shipments over the past quarter.

During the first quarter of this year, Ultralife Batteries formed a joint venture with its distributor partner in India. This new entity, Ultralife Batteries India Private Limited, is expected to expand the company’s global market share and increase sales to commercial, government and defense accounts throughout