SOURCE: Ecosphere Technologies, Inc.

November 14, 2007 10:41 ET

Ecosphere Technologies, Inc. Launches New Website and Cost Saving Revolutionary Process to the Oil and Gas Industry

New Website Highlights Ecosphere Ozonix™ Technology Addressing the $40 Billion "Produced Water" Issue Challenging the Oil and Gas Industry

STUART, FL--(Marketwire - November 14, 2007) - Ecosphere Technologies, Inc. (OTCBB: ESPH), a diversified clean technology and water engineering services company, today announced the launch of its new website, www.ecospheretech.com, to more accurately reflect its current operations and highlight its Ecosphere Ozonix™ process.

Building upon the Company's extensive knowledge of mobile water separation and purification technologies, Ecosphere's Ozonix™ technology treats industrial wastewaters at the site eliminating costly transportation and treatment plant costs. Treating produced water is a $40 billion issue challenging the Oil and Gas industry and driving up the cost of oil production. The first two Ozonix™ systems were recently transported to Ft. Worth, Texas for field testing.

Dennis McGuire, the Company's founder and CEO, stated, "The Ecosphere Ozonix™ is an environmentally safe, chemical-free process that is capable of treating 250 barrels of produced water per hour at the drill site eliminating the need to transport the contaminated produced water for treatment to a facility. The concept of a drilling exploration company being able to reduce the cost to produce each barrel of oil and keep the clean water on site to be reused or discharged clean back in to the environment is revolutionary in the oil and gas industry. In the case of a 10% oil to water waste stream our technology can give the oil exploration companies back 25 barrels of clean oil per hour that they would normally be hauling off and not benefiting from. At the current prices of oil approaching $100.00 per barrel that is a significant savings for the oil production companies that goes right to their bottom line."

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

About Ecosphere Technologies

Ecosphere Technologies, Inc. (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 produce 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.

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 capabilities of the Ozonix™ systems. 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 results of the field testing of the Ozonix™ systems. 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 August 14, 2007. Ecosphere does not undertake any duty nor does it intend to update the results of these forward-looking statements.

Contact Information