SOURCE: Ecosphere Technologies, Inc.

September 17, 2009 08:50 ET

Ecosphere Technologies Projects Record Revenues for 2010

Signed Guaranteed Contracts and Market Acceptance Provide Basis for Rapid Expansion and Significant Revenue Increase Forecast

STUART, FL--(Marketwire - September 17, 2009) - Ecosphere Technologies, Inc. (OTCBB: ESPH), a diversified water engineering and environmental services company, announces today that it is projecting record revenues in 2010. The Company is anticipating revenues exceeding $20 million in 2010, a more than ten-fold increase over projected 2009 revenues.

Adrian Goldfarb, Ecosphere CFO, stated, "Ecosphere has made a remarkable turnaround in its ability to not only develop outstanding technology, but now to capture and increase market share in the natural gas industry. I am very comfortable with the increase in revenues projected for 2010 as a significant portion is based upon signed and guaranteed contracts with major energy companies."

Dennis McGuire, CEO of Ecosphere Technologies (ETI), said, "I am very gratified that our hard work and technology innovations for the natural gas industry are being so well accepted by the energy companies and that is reflected in the revenue projections we see coming in 2010. The need for our recycling equipment is growing exponentially as natural gas fracturing expands nationwide and the use of water creates governmental and citizen concerns about chemicals used in the process and its disposal. Our total water recycling process eliminates that issue for energy companies."

McGuire went on to say, "Our business model gives us the flexibility to work with our customers in the way they prefer doing business while giving us the ability to sell, license or provide services to the industry. It is being well received by our customers as each of the companies have a preference for how they want to handle their water issues and do business with their vendors."

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About Ecosphere Technologies:

Ecosphere Technologies, Inc. (OTCBB: ESPH) is a diversified water engineering and environmental services company primarily focused on the natural gas industry. The Company provides water-recycling services to provide clean water for energy companies to extract natural gas from unconventional shale plays. 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:

Safe Harbor

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act") including any basis for Ecosphere's forecasted revenues and rapid expansion. 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 future condition of the capital and credit markets which affect Ecosphere's ability to finance its revenue generating equipment, the future price of natural gas, political issues which affect oil and gas drilling and force majeure events. Further information on Ecosphere's risk factors is contained in its filings with the Securities and Exchange Commission, including the Form 10-K for the year ended December 31, 2008. Ecosphere does not undertake any duty nor does it intend to update the results of these forward-looking statements.

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