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Ecosphere Technologies Selected by The Artemis Project as a 2011 Top 50 Water Company

STUART, Fla., May 17, 2011 (GLOBE NEWSWIRE) -- Ecosphere Technologies, Inc. (OTCBB:ESPH), a diversified water engineering, technology licensing and environmental services company, today announced that it has been chosen by The Artemis Project as a Top 50 Water Companies Competition winner. The Artemis Project revealed the companies at the Ontario H20 Global Water Leadership Summit occurring through tomorrow at the Metro Toronto Convention Center in Toronto, Canada.
/ Source: GlobeNewswire

STUART, Fla., May 17, 2011 (GLOBE NEWSWIRE) -- Ecosphere Technologies, Inc. (OTCBB:ESPH), a diversified water engineering, technology licensing and environmental services company, today announced that it has been chosen by The Artemis Project as a Top 50 Water Companies Competition winner. The Artemis Project revealed the companies at the Ontario H20 Global Water Leadership Summit occurring through tomorrow at the Metro Toronto Convention Center in Toronto, Canada.

"The Artemis Top 50 is the water industry's benchmark for recognizing innovation that will matter. It identifies the entrepreneurs that are applying technology to meet the world's water challenges," noted Laura Shenkar, principal at The Artemis Project. "Water tech is quickly becoming an engine for economic development and job growth. With these awards, we strive to identify the companies offering the most promising technologies coming onto the market."

Charles Vinick, Chairman and Chief Executive Officer, stated, "Ecosphere continues to improve its unique position as a leading water engineering firm with patented, proven, commercialized, and licensed technologies. Competing companies were evaluated based on the four criteria of intellectual property, technology, market potential, and team. It is an honor to have been selected by The Artemis Project as a leading water innovator for the second consecutive year."

Please visit for a full list of the 2011 Top 50 Water Companies Competition winners.

About Ecosphere Technologies:

Ecosphere Technologies, Inc. (OTCBB:ESPH) is a diversified water engineering, technology licensing and environmental services company that designs, develops and manufactures wastewater treatment solutions for industrial markets. The Company provides environmental services and technologies for use in large-scale and sustainable applications across industries, nations and ecosystems. Ecosphere is driving clean water innovation with its patented Ozonix advanced oxidation technologies and its mobile, low maintenance water treatment systems. Ecosphere, through its majority-owned subsidiary Ecosphere Energy Services, LLC, provides energy exploration companies with an onsite, chemical free method to kill bacteria and reduce scaling during fracturing and flowback operations. For more information, please visit:

About The Artemis Project:

The Artemis Project is a boutique consulting practice dedicated to helping companies thrive in a world of increasing water scarcity. We operate at the intersection of corporate strategy, advanced technology, investment and policy. We work with global corporations to achieve a sustainable competitive advantage through operational excellence in water management and assist advanced water technology companies in maximizing the value they bring to their customers. For more information visit:

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CONTACT: Investor Relations Contact: Gerald Kieft The WSR Group 772-219-7525 EcosphereIR@wallstreetresources.net http://www.WallstreetResources.net/Ecosphere.asp Press and Media Relations Contact: Corey McGuire Ecosphere Technologies, Inc. 772-287-4846 cmcguire@EcosphereTech.com Artemis Contacts: Laura Shenkar The Artemis Project 415-751-0100 laura@theartemisproject.com Lisa Hawes Sterling Communications for The Artemis Project 408-884-5155 attensity@sterlingpr.com