SOURCE: Ecosphere Technologies, Inc.

September 17, 2008 08:00 ET

Ecosphere Technologies Wins Florida Governor's Green-to-Gold Business Diversification Award

STUART, FL--(Marketwire - September 17, 2008) - Ecosphere Technologies, Inc. (OTCBB: ESPH), a diversified water engineering and services company, announces it will be honored September 24th at the Governor's Business Diversification Awards ceremony. The awards recognize business achievements that advance the state's economy through job creation, distinctive community involvement and capital investment.

"The basis for the prosperity and high quality of life Florida offers is our entrepreneurs and business leaders," said Enterprise Florida President & CEO John Adams Jr. "Their exemplary accomplishments in creating high-value jobs, making capital investments and contributing to their communities are setting the stage for a future economy that will serve all segments of our population very well."

Florida companies competed for awards in six leadership categories:

--  Business Expansion
--  Entrepreneurship
--  Export Excellence
--  Innovation
--  Newcomer
--  Green-to-Gold.
    

Each nominee competed with other companies, organizations, universities and colleges markets similar to their own size. They were: Mid Market (county population up to 150,000); Major Market (county population 150,001 to 800,000); and Mega Market (county population 800,001 and higher). Ecosphere won the award in the Mid Market Green-to-Gold category.

Ecosphere's Founder and Co-CEO Dennis McGuire, stated, "It has been the goal of Ecosphere since inception to bring innovative technologies to industries that are sustainable and protect our ecosystems. We are very honored to be chosen for the Governor's Business Diversification Award and most particularly the Green-to-Gold category."

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About Ecosphere Technologies

Ecosphere Technologies, Inc. (OTCBB: ESPH) is a diversified water engineering and services company primarily focused on the natural gas industry. The Company provides water recycling services at the well site 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: www.ecospheretech.com

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