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Ecosphere Announces CEO Succession

Stocks in this article: ESPH

STUART, Fla., Jan. 9, 2013 (GLOBE NEWSWIRE) -- Ecosphere Technologies, Inc. (OTCBB:ESPH), a water engineering, technology licensing and innovative manufacturing company, today announced that the Company appointed John Brewster as Chairman and Chief Executive Officer, effective immediately. Mr. Brewster succeeds Charles Vinick, who will remain on the Board of Directors. 

Until August 2012, Mr. Brewster was President and CEO of NAES Corporation, the world's largest third party power plant operating company. His background includes 35 years of experience in the power industry, including plant operations, early stage development, marketing, and executive management. Until his appointment as Chief Executive Officer, Mr. Brewster served as a consultant to Ecosphere on energy applications for Ecosphere's patented Ozonix ® technology. 

"John's corporate expertise and years of experience in the energy and environmental fields bring tremendous leadership to Ecosphere at precisely the time when the Company is poised for expansion. John has worked with us as a consultant and knows the Company well. I look forward to working with him on the Board of Directors and helping in every way I can," stated Charles Vinick, outgoing Chairman and CEO.

"John's appointment will further strengthen our technology portfolio and improve our ability to solve our customers' toughest water treatment and recycling challenges," added Dennis McGuire, Founder and Chief Technology Officer of Ecosphere Technologies. "We are pleased to attract a professional of John's caliber to lead Ecosphere in its next phase of growth. Both the addition of John as Chairman and CEO and the recent appointment of Dean Becker to our Board of Directors create a solid foundation for future success."

Prior to joining NAES, Mr. Brewster was Chief Commercial Officer of Composite Technology Corporation and President of its transmission line subsidiary, CTC Cable Corporation. He also served as the Chief Operating Officer of Calera Corporation, a Khosla Venture funded startup company that is dedicated to reversing global warming by capturing and storing greenhouse gasses in the built environment, and was EVP Plant Operations and Development Engineering, Procurement and Construction Division for NRG Energy Inc., where he was responsible for the implementation of the new build and repower program along with plant operations worldwide. Mr. Brewster presently serves as an advisor to Concentric, a commercial power generation startup company located in California. 

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