STUART, Fla., June 9, 2010 (GLOBE NEWSWIRE) -- Ecosphere Technologies, Inc. (OTCBB:ESPH), a diversified water engineering and environmental services company, announces that it has been chosen by The Artemis Project™ as a winner of the 2010 Top 50 Water Companies Competition. This award distinguishes Ecosphere Technologies as a leading company in one of the greatest high-growth industries of the 21 st Century. Ecosphere Technologies was selected by a panel of industry experts based on four criteria: technology, intellectual property and know-how, team and market potential. "The Artemis Project's Top 50 Water Companies Competition winners have excelled in key areas of the emerging advanced water technology sector," said Laura Shenkar, Principal of The Artemis Project™. "We are excited to showcase these innovative companies and congratulate them for their achievements in creating solutions that will reinvent the water landscape." Dennis McGuire, Ecosphere Technologies' CEO, said, "I would like to thank the Artemis Project and Blue Tech Innovation Forum for this prestigious award." The Artemis Project™ Top 50 winners were honored last night at the BlueTech Innovation Forum being held at The Renaissance Stanford Court Hotel in San Francisco www.bluetechforum.com . Please visit www.theartemisproject.com/competitionpage.html for a full list of the The Artemis Project™ 2010 Top 50 Water Companies Competition winners. Make sure you are first to receive timely information on Ecosphere Technologies when it hits the newswire. Sign up for Ecosphere's email news alert system today at: www.ESPH-IR.com About The Artemis Project™ Established in 2000, The Artemis Project™ is a boutique consulting practice that brings unique capabilities to 21st century water management. It combines an understanding of the most advanced water resource management solutions with an international network of developers, investors and users of advanced water technology.