SOURCE: Ecosphere Technologies, Inc.

November 16, 2007 08:00 ET

Wall Street Resources, Inc. Releases an Analytical Profile on Ecosphere Technologies, Inc.

STUART, FL--(Marketwire - November 16, 2007) - Ecosphere Technologies, Inc. (OTCBB: ESPH), a diversified clean technology and water engineering services company, today announced the release of an analytical profile on the Company, by micro-cap analyst Mr. Paul Silver, Director of Research for Wall Street Resources, Inc. The 34-page report includes detailed information on the Company's business model, products, industry, valuation, management and risks. Opinions stated in the report are those of Wall Street Resources, Inc. and not of Ecosphere Technologies, Inc.

The free report is available at: http://www.wallstreetresources.net/ESPH.asp

Gerald Kieft, the founder and President of Wall Street Resources, stated, "Ecosphere Technologies is a proficient producer of environmentally friendly technologies that significantly contribute to the economic growth of the industries they serve, as well as to protect the environment. The Company has invented, perfected and commercialized numerous disruptive technologies over its life and its latest Ecosphere Ozonix™ technology is the most promising of all. I have followed the progress of the Company since inception and I look forward to watching it launch its new technology that addresses the $40 billion produced water issue challenging the oil and gas drilling industry."

About Ecosphere Technologies

Ecosphere Technologies, Inc. (OTCBB: ESPH) is a diversified clean technology and services company dedicated to creating products that make life better. Ecosphere's mission is to identify, create and develop clean technologies that solve a significant industry challenge, improve the quality of life and the environment, and are economically viable. Ecosphere has an extensive portfolio of patented clean technologies that can be purchased and licensed for use in large-scale and sustainable applications across industries, nations and ecosystems. For more information, please visit: www.ecospheretech.com.

To be included in Ecosphere's e-mail list click below: http://www.b2i.us/irpass.asp?BzID=1368&to=ea&s=0

About the Analyst

Mr. Silver joined Wall Street Resources in 2006 as the Director of Research. He has been in the financial services industry since 1995 and began his professional career in auditing with a Big Four accounting firm in New York City. Mr. Silver made the move to Wall Street as a sell-side research analyst for two global investment banks in New York City including Salomon Smith Barney and UBS Paine Webber. At Salomon Smith Barney he was a member of the firm's research team covering REITs that was consistently ranked #1 by Institution Investor magazine. Most recently, Mr. Silver worked for a private equity firm as its Chief Investment Strategist.

Mr. Silver is a graduate of the College of William and Mary in Virginia with a BA in liberal arts and New York University's Stern Business School with an MBA in International Finance and Accounting.

About Wall Street Resources

Wall Street Resources, Inc. and its affiliated site http://www.wallstreetresources.net is a leading source for information on micro-to-small capital publicly traded companies and its principals have over 25 years of experience providing analysis on these companies. Wall Street Resources (WSR) acts as a conduit between micro-to-small capital company investors and emerging growth companies through its proprietary financial publications including daily and monthly newsletters, as well as comprehensive 20-50 page featured company reports. To sign up to receive WSR's financial publications go to: http://www.wallstreetresources.net/signup_basic.asp. WSR also provides business consulting services to help corporate executives by writing analytical reports, building financial models, and developing business plans.

Disclaimer -- We, our affiliates, and any officer, director or stockholder or any member of their families may have a position in and may from time to time purchase or sell any securities discussed in our financial publications. There may be instances when fundamental, technical, and quantitative opinions may not be in concert. Our associates may from time to time perform investment banking or other services for, or solicit investment banking or other business from, any company mentioned in our reports. WSR is a consultant to the Company and has received or expects to receive $15,000 in cash and 200,000 shares of 144 restricted stock for due diligence fees and consulting services from October of 2007 through April of 2008.

Safe Harbor

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act") including the future sale of clean technologies. Additionally, words such as "seek," "intend," "believe," "plan," "estimate," "expect," "anticipate" and other similar expressions are forward-looking statements within the meaning of the Act. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include the ability of Ecosphere to attract buyers for its remaining technologies, complete the development of some of the technologies, and continue developing innovative cleantech solutions. Further information on Ecosphere's risk factors is contained in its filings with the Securities and Exchange Commission, including the prospectus filed February 1, 2007, as supplemented, the Form 10-KSB for the year ended December 31, 2006 and the Form 10-QSB filed November 15, 2007. Ecosphere does not undertake any duty nor does it intend to update the results of these forward-looking statements.

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