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Ecosphere Technologies Named One Of The 2013 Governor's Innovators In Business Awards Winners

STUART, Fla., Jan. 22, 2014 (GLOBE NEWSWIRE) -- Ecosphere Technologies, Inc. (OTCBB:ESPH), an innovative U.S. technology licensing and manufacturing company, announced it has been named a winner in the 2013 Governor's Innovators in Business Awards by Enterprise Florida (EFI). The awards program, in its 30 th year of operation, recognizes Florida companies in select industries that have influenced the state's economic growth and diversification over the last year.

Winners were recognized during a special event last night, January 21, at the Governor's Mansion in Tallahassee. Ecosphere was presented with the Governor's "Rising Star" Award in a mid-market, which recognizes rising Florida companies that have shown a commitment to business growth, professional excellence and involvement in their communities.

Governor Scott said, "Florida's economy has made a huge upturn thanks to businesses like the ones being recognized today. These outstanding companies have worked hard to create jobs and improve our economy. Florida families are able to live the American Dream with the help of the successful, innovative companies that call Florida home. I am thankful to these companies for their help in making Florida a great state for business and congratulate them on their achievements."

Secretary of Commerce Gray Swoope said, "Florida and its companies continue to be the model for economic recovery and growth in the nation. Companies from every industry around the state have helped produce jobs and provide opportunities that companies in other states just haven't been able to match. They truly deserve to be recognized for their resilience, innovation and achievements. On behalf of EFI, congratulations to each of these worthy companies and we look forward to their continued success."

"We are proud to be recognized by Governor Scott as a "Rising Star" due to our efforts in chemical-free water treatment and innovative solar power generation ," said Dennis McGuire, Chairman and CEO of Ecosphere Technologies, Inc. "2013 proved to be a breakthrough year for our patented Ozonix® water treatment technology, which has since 2008 enabled oil and gas customers to treat, recycle, and reuse more than three billion gallons of water for more than 800 oil and natural gas wells around the United States, protecting $4 billion worth of well assets, and generating approximately $65 million in revenue for our Company and shareholders. We also posted a major first step in the commercialization of our revolutionary Ecos PowerCube® and are looking forward to developing new opportunities for this unique technology in 2014 and beyond."

McGuire continued, "We have made significant investments to reach the inflection point we are at today and Florida has been our base of operations for over 16 years. We want to thank Governor Scott for his efforts in making Florida a great home for innovative technology companies such as ours."

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