Converted Organics (COIN) May Meet NASDAQ Listing Requirement

(New York)--April 27, 2010--Converted Organics (NASD:COIN) has been trading above the $1.00 mark for 10 trading days as of Monday, and may now be back into compliance for continued listing on the NASDAQ exchange.


Converted Organics, a manufactures all-natural fertilizer and soil amendment products, has been trading above the $1.00 mark for the past 10 trading days, which may meet the NASDAQ requirement to remain trading on the national exchange. In addition, the company had recently announced the lifting of its going concern, new fertilizer sales, and obtained a new infusion of working capital into the company. Announcement of listing compliance could be pending.


Ludlow Capital, a New York City based equity research firm, has recently issued a 'near-term' target for COIN in the $1.50 to $2.00 range on improving outlook. The stock closed Monday at $1.06 per share.


Interest has also been shown in the company's publicly traded warrants, COINW, which grants holders the right to purchase COIN at $1.30 a share, with an expiration date of Oct. 2014.


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Wall Street Newscast
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