China Agritech, Inc. Reports Record Quarterly Net Revenue and Gross Profit for the Second Quarter of 2010

- Net Revenue grew 63%, Diluted EPS at $1.05 -
China Agritech, Inc. (Nasdaq: CAGC) ("China Agritech", or the "Company"), a leading organic compound fertilizer manufacturer and distributor in the People's Republic of China, today announced its unaudited financial results for the second quarter and six months ended June 30, 2010.

Second Quarter Financial Highlights
-- Net revenue increased 63% year-over-year to a quarterly record of $34.3 million;
-- Gross profit increased 33% year-over-year to $11.9 million with a 34.7% gross margin;
-- Net income was $21 million, or Diluted EPS $1.05;
-- Cash and cash equivalents were $51.7 million with no debt.

Converted Organics Ships Record Amount of Organic Fertilizer from Gonzales, Calif., Manufacturing Facility

Converted Organics Inc. (NASDAQ:COIN) announced today that shipments of its organic fertilizer products to customers from the Company’s Gonzales, California manufacturing facility reached a record high in May, 2009, approaching a quarter of a million gallons of liquid fertilizer. This is the largest monthly shipment of fertilizer, including Converted Organics™ GP 3-2-1 and Pacific Choice™ Hydrolized Fish 1-4-0 products, from the Gonzales facility since Converted Organics acquired the plant in January, 2008.

“The continuous hard work and dedication of our sales and manufacturing team in California has permitted us to achieve these record results,” said Edward J. Gildea, President of Converted Organics. “Converted Organics is very pleased to have produced such a large quantity of high-quality organic fertilizer last month and to have delivered it in a timely fashion to customers throughout the United States.”

Raytec Metals Increases Ownership in Sulphur Solutions

Raytec Metals Corp. (the "Company "or "Raytec") (TSX VENTURE:RAY) announces that it has increased its stake to 20% of the issued and outstanding Common Shares in Sulphur Solutions Inc. ("SSI"), a privately held company based in Calgary, Alberta. The original agreement with SSI provided Raytec with a right of first refusal to participate in future SSI financings. Raytec has been encouraged by SSI's recent progress towards production and has elected to exercise its right by making an additional investment of $740,000.

SSI, a fertilizer company developing state-of-the-art patented technology for the production of micronized sulphur fertilizer, has moved closer to production by signing a Letter of Intent with a mid-stream gas producer which operates a permitted site that includes an accessible sulphur supply.

Network of Retail Outlets Carrying Converted Organics Fertilizer Products Grows with Addition of Eighteen New Stores

Converted Organics Inc. (NASDAQ: COIN) announced today that it has added 18 new lawn and garden centers to the network of retail outlets currently carrying the Company’s all- natural organic fertilizer products. These retail outlets received Converted Organics’ granular fertilizers from Arett Sales, a member of the co-operative organization of lawn and garden product distributors called Gro Group, Inc.