This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Ecosphere Technologies And Mid-Gulf Recovery Sign Contract To Help BP Treat Wastewater During Gulf Cleanup

STUART, Fla., July 8, 2010 (GLOBE NEWSWIRE) -- Ecosphere Technologies, Inc. (OTCBB:ESPH), a diversified water engineering and environmental services company announces that it has signed a significant contract with Mid-Gulf Recovery Services, LLC to utilize its Ecosphere Ozonix technology. Mid-Gulf will supply Ecosphere's Ozonix technology to clean wastewater throughout the Gulf region for BP. The patented Ecosphere Ozonix technology is a non-chemical water treatment system that will be used to treat gray and black wastewaters to meet allowable discharge requirements.

Glen Smith, Chief Executive Officer of Mid-Gulf Recovery Services, stated, "Mid-Gulf's expertise is responding to natural disasters with a total solution package for our customers. We are presently offering a wide range of equipment and services to BP under our Master Service Contract. We have studied all of the various water treatment technologies and companies in the Gulf area over the past several months. We have determined that Ecosphere's Ozonix process complements our commitment to protecting the environment by using a non-chemical process to treat wastewater while at the same time providing a highly oxygenated water to enrich the marine life. The fact that Ecosphere already has the experienced technical personnel and the most state of the art equipment ready to deploy immediately is the reason we were able to sign this important contract with Ecosphere." 

Mickey Donn, Chief Operating Officer of Ecosphere Technologies, stated, "Ecosphere is extremely pleased to be working with Mid-Gulf Recovery during this very stressful time in the Gulf region. Its long history of responding to natural disasters, experienced management team, vast resources, and proven track record in the area combined with our patented, non-chemical technology to treat waste streams makes for a very formidable team to tackle this massive undertaking. Mid-Gulf and Ecosphere working together will have a significant impact on the clean up and restoration of the environment." Click on this link to view the specifications of Ecosphere's Ozonix equipment in the Gulf:

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,664.32 -8.28 -0.05%
S&P 500 2,052.18 +0.36 0.02%
NASDAQ 4,761.3250 +3.4460 0.07%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs