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Ecosphere Announces Management Changes

STUART, Fla., March 14, 2013 (GLOBE NEWSWIRE) -- Ecosphere Technologies, Inc. (OTCBB: ESPH), a water engineering, technology licensing and innovative U.S. manufacturing company, today announced that the Company appointed its founder Dennis McGuire as Chairman and Chief Executive Officer, effective immediately. Mr. McGuire currently serves as the Company's Chief Technology Officer, and will continue in that role. Mr. McGuire succeeds John Brewster, who resigned for personal reasons.

About Ecosphere Technologies

Ecosphere Technologies, Inc. (OTCBB:ESPH) is a water engineering, technology licensing and innovative U.S. manufacturing company that develops non-chemical water treatment solutions for industrial markets throughout the world. The Company is a leader in emerging advanced oxidation processes and has an extensive portfolio of intellectual property that includes five United States patents for the Ecosphere Ozonix® process. The patented Ecosphere Ozonix® process is a revolutionary advanced oxidation process that is currently being used by energy exploration companies to reduce costs, increase treatment efficiencies and eliminate liquid chemicals from wastewater treatment operations around the United States.

A recipient of Frost & Sullivan's 2012 North American Product Leadership Award in Disinfection Equipment for Shale Oil and Gas Wastewater Treatment and chosen as a 2013 IHS CERAWeek Energy Innovation Pioneer, Ecosphere has enabled oil and gas customers to recycle and reuse over two billion gallons of water on approximately 700 oil and natural gas wells in major shale plays around the United States since 2008.

For more information, please visit  www.EcosphereTech.com .

To receive timely information on Ecosphere Technologies, sign up for Ecosphere's email news alert system at http://www.ESPH-IR.com .

The Ecosphere Technologies, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=12214

CONTACT: Investor Relations:
         Gary Dvorchak, CFA
         Senior Vice President
         ICR, Inc.
         +1 (310) 954-1123
         gary.dvorchak@icrinc.com
         
         Press and Media Relations:
         Brian Ruby
         Vice President
         ICR, Inc.
         +1 (203) 682-8268
         brian.ruby@icrinc.com
         
         Company:
         Corey McGuire
         Director of Marketing
         Ecosphere Technologies, Inc.
         +1 (772) 287-4846
         cmcguire@ecospheretech.com

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