SOURCE: Ecosphere Technologies, Inc.

June 19, 2008 08:00 ET

Ecosphere Technologies Appoints Patrick Haskell Chairman and Co-CEO

STUART, FL--(Marketwire - June 19, 2008) - Ecosphere Technologies, Inc. (OTCBB: ESPH), a diversified water engineering and services company, today announces that Patrick Haskell has been appointed by the Board of Directors to serve as Chairman and Co-Chief Executive Officer. Mr. Haskell will share the Chief Executive Officer role with current President and Chief Executive Officer, Dennis McGuire, and will have joint responsibility for leading Ecosphere forward. Mr. Haskell is a former Managing Director with HSBC and Credit Suisse, where he led various global businesses within fixed income.

"I am very pleased that Pat will be joining our Ecosphere family and sharing leadership roles with me," said Dennis McGuire, Founder, President and Co-Chief Executive Officer. "Pat has exceptional operational skills and global management experience. I am quite certain Pat will quickly integrate into the Ecosphere culture. He is poised to help me lead the execution of strategic initiatives designed to improve our business model and diversify our business offerings. The recent success and surge in demand for our Ecosphere Ozonix Technology to recycle water in the oil and gas industry now requires 100% of my attention. The addition of Mr. Haskell will enable me to focus on that immediate growth opportunity," said McGuire.

Pat Haskell stated: "I am excited to join Ecosphere at this very key time in its history. I look forward to working with Dennis to further execute on the strategic vision he has set for the organization as well as working with all the Ecosphere team members to continue to create shareholder value."

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About Ecosphere Technologies

Ecosphere Technologies, Inc. (OTCBB: ESPH) is a diversified water engineering and services company primarily focused on recycling water in the oil and gas industry. Ecosphere's mission is to identify, create and produce clean technologies that solve a significant industry challenge, improve the quality of life and the environment, and are economically viable. For more information, please visit:

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