SOURCE: Ecosphere Technologies, Inc.

June 26, 2008 07:00 ET

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

STUART, FL--(Marketwire - June 26, 2008) - Ecosphere Technologies, Inc. (OTCBB: ESPH), a diversified water engineering and services company primarily focused on recycling water within the oil and gas industry, today announces the release of an updated analytical profile on the Company by micro-cap analyst Mr. Paul Silver, Director of Research for Wall Street Resources, Inc. The 37-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/ESPH2.asp.

Paul Silver stated, "Ecosphere Technologies has completed a number of significant events since the release of our initial report in November of 2007. The updated report released today encompasses those events and more accurately describes the Company's current focus and opportunity recycling wastewater generated in the drilling and production of natural gas in the major shale plays across the United States. The Company's agreements with major oil and gas operators in the Barnett shale, as well as the Woodford and Arkoma basins create a very compelling opportunity."

About Ecosphere Technologies

Ecosphere Technologies, Inc. is a diversified water engineering and services company primarily focused on recycling water within the oil and gas industry. Ecosphere continues to leverage its proprietary "Ecosphere Ozonix™" process, which is the highest volume mobile technology in the world, to provide clean water for clean energy. With 35,000 frac treatments expected to be pumped annually through 2025 throughout the active U.S. shale plays, the Company expects to capture a percentage of this $7 billion market opportunity while simultaneously solving a major environmental challenge. 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.

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