STUART, Fla., June 5, 2013 (GLOBE NEWSWIRE) -- Ecosphere Technologies, Inc. (OTCBB:ESPH), a water engineering, technology licensing and innovative U.S. manufacturing company, today announced that it has retained Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE:LTS) to act as its exclusive financial advisor in connection with certain investment banking matters relating to enhancing shareholder value. As part of its engagement, Ladenburg will assist the Company in identifying and negotiating strategic partnerships, licensing opportunities and mergers and acquisitions. Most recently, Ladenburg advised the Company with the sale of 12% of its ownership interest in Ecosphere Energy Services to Fidelity National Financial, Inc. (NYSE:FNF), a Fortune 500 company and existing EES member, for $6 million. David Brooks, Chief Financial Officer of Ecosphere stated, "The Company has been tremendously successful in deploying its patented Ozonix® wastewater treatment technology in the U.S. oil and natural gas industry. As a result, several potential strategic partners have approached the Company. We have engaged Ladenburg to help us assess these opportunities and to advise us as we continue to deploy our Ozonix® technology into new markets." Dennis McGuire, Chairman and Chief Executive Officer of Ecosphere added, "2012 was a record year for Ecosphere and our Ozonix® technology continues to be recognized as a leading water treatment solution for the oil and gas industry. Our recent transaction with Fidelity National Financial, Inc., has allowed us to monetize a portion of our ownership position in our energy subsidiary so that we can continue to focus on manufacturing Ozonix® equipment for Ecosphere Energy Services, as well as a wide variety of industries and applications." CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS This press release contains forward-looking statements including deploying the Company's Ozonix® technology in to new markets and monetizing its ownership position in EES. Forward looking statements can be identified by words such as "anticipates," "intends," "plans," "seeks," "believes," "estimates," "expects" and similar references to future periods.
Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements. We caution you therefore against relying on any of these forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance. Important factors that could cause actual results to differ materially from those in the forward-looking statements include the Company's ability to reach agreements with partners outside of U.S. oil and gas exploration and the continued growth of oil and gas drilling in shale plays.Further information on our risk factors is contained in its filings with the Securities and Exchange Commission (the "SEC") including our Form 10-K for the year ended December 31, 2012. Any forward-looking statement made by us in this press release speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law. About Ecosphere Technologies Ecosphere Technologies, Inc. (OTCBB:ESPH) is a water engineering, technology licensing and innovative U.S. manufacturing company that develops environmental 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.
Since 2008, Ecosphere has enabled oil and gas customers to treat, recycle and reuse over 3 billion gallons of water on more than 700 oil and natural gas wells in major shale plays around the United States. Ecosphere was chosen by Bloomberg as a 2013 New Energy Pioneer and selected by IHS CERAWeek as a 2013 Energy Innovation Pioneer. Ecosphere is also a recipient of the 2012 Frost & Sullivan North American Product Leadership Award in Disinfection Equipment for Shale Oil and Gas Wastewater Treatment.For more information, please visit www.EcosphereTech.com. About Ladenburg Thalmann For more information, please visit www.ladenburg.com To receive timely information on Ecosphere Technologies, sign up for Ecosphere's email news alert system at http://www.ESPH-IR.com.
CONTACT: Investor Relations: Gary Dvorchak, CFA Senior Vice President ICR, Inc. +1 (310) 954-1123 firstname.lastname@example.org Press and Media Relations: Brian Ruby Vice President ICR, Inc. +1 (203) 682-8268 email@example.com Company: Corey McGuire Director of Marketing Ecosphere Technologies, Inc. +1 (772) 287-4846 firstname.lastname@example.org