Ecosphere Technologies, Inc.

Ecosphere Technologies Named as American Technology Award Finalist in Clean Tech/Green Tech Category

TechAmerica Foundation Presents "Best Of" Awards Recognizing Technology Products and Services Across the Technology Industry

STUART, Fla., May 7, 2013 (GLOBE NEWSWIRE) -- Ecosphere Technologies, Inc. (OTCQB:ESPH), a water engineering, technology licensing and innovative U.S. manufacturing company, has been named a finalist in the Clean Tech/Green Tech category for the 2013 TechAmerica Foundation American Technology Awards (ATAs). The ATAs cross the technology industry recognizing products and services like Ecosphere's patented Ozonix® technology for the treatment and recycling of water used during oil and gas exploration and production.

"Each year, the caliber of nominations for the American Technology Awards increases. This is a true testament to the technology industry and our power for transforming the world around us," said Shawn Osborne, the TechAmerica Foundation Chairman. "We congratulate Ecosphere for their outstanding work and thank them for their contribution to the growth and innovation of our vibrant industry."

The awards are awarded on the basis of a thorough evaluation by industry experts and technology leaders.

The winners will be announced at the Technology and Government gala dinner, the premier Washington, D.C. technology networking event, bringing together hundreds of industry and government leaders to celebrate the technology industry. The Technology and Government Dinner will be held at the Ronald Reagan Building in Washington, D.C., June 20, 2013.

About Ecosphere Technologies

Ecosphere Technologies, Inc. (OTCQB: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.

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

About the TechAmerica Foundation

The TechAmerica Foundation educates industry executives, policy makers and opinion leaders on the promise of technological innovation to advance prosperity, security and the general welfare. Launched in 1981, the Foundation is a 501(c)(3) non-profit, non-partisan affiliate of TechAmerica, which is the leading voice and resource for the U.S. technology industry. The Foundation disseminates award-winning industry, policy and market research covering topics such as U.S. competitiveness in a global economy, innovation in government, and other areas of national interest. It also organizes conferences and seminars to explore pertinent issues with government and industry representatives and to share the Foundation's findings. Learn more about TechAmerica Foundation at www.techamericafoundation.org.

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

         TechAmerica Foundation:
         Stephanie Craig
         202-682-4443
         Stephanie.craig@techamericafoundation.org

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Source: Ecosphere Technologies, Inc.

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