Converted Organics Amends Registered Direct Offering of Common Stock Warrants in Compliance with NASDAQ Determination Letter

BOSTON--(Business Wire)--
Converted Organics Inc. (NASDAQ:COIN) announced today that in compliance with a
written notice from the Staff of the NASDAQ Stock Market, the Company and
certain institutional investors have amended a May 26, 2009 agreement pursuant
to which the Company issued in the aggregate warrants to purchase 1,500,000
shares of common stock.

The warrants have been amended to (i) increase the exercise price of the
warrants from $1.61 per share to $1.63 per share, (ii) provide that the warrants
may not be exercised until November 23, 2009, and (iii) extend the expiration
date of the warrants until May 27, 2014. The written notice from the Staff of
the NASDAQ Stock Market indicated that, based on these amendments, Converted
Organics has regained compliance with Listing Rule 5635(d)(2) and that the
matter is closed.

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. The Company uses its
proprietary High Temperature Liquid Composting (HTLC) system, a proven,
state-of-the-art microbial digestion technology, to process various
biodegradable food wastes into dry pellet and liquid concentrate organic
fertilizers that help grow healthier food and improve environmental quality.
Converted Organics sells and distributes its environmentally-friendly fertilizer
products in the retail, professional turf management, and agribusiness markets.

Converted Organics` flagship manufacturing facility is located in Woodbridge,
New Jersey. A second manufacturing site is located in Gonzales, California, and
a third is under development in Johnston, Rhode Island. 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 percent, 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. In a number of lab and field trials, Converted Organics` 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. Increased use of nitrogen in commercial agriculture and
turf grass applications, such as on 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 reduces chemical run-off to
streams, ponds and rivers, an objective with significant long-term benefits to
the environment.

Converted Organics` products have a long shelf life compared to many other
organic fertilizers. 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.

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.

COIN-G

INVESTOR:
PR Financial Marketing
Jim Blackman, 713-256-0369
jim@prfmonline.com
or
PUBLIC RELATIONS:
Sterling Communications
Pat Fiaschetti, 908-996-7945
sterling.pf@att.net

Copyright Business Wire 2009