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Ecosphere Technologies, Inc. (OTCBB: ESPH), a diversified water engineering and environmental services company primarily focused on recycling water within the oil and gas industry, today announces the release of a research update on the Company, by micro-cap analyst Mr. Paul Silver, Director of Research for Wall Street Resources, Inc. The 36-page report includes detailed information on the Company's business model, products, industry, valuation, management and risks. Opinions stated in the report are those of Wall Street Resources, Inc. and not of Ecosphere Technologies, Inc.

Paul Silver stated, "Ecosphere Technologies has completed a number of significant events since the release of our last update published in June 2008. This updated report released today articulates the Company's overall corporate strategy with respect to the Innovation Network, and provides a detailed update about its majority owned subsidiary EES, including new signed deals with such companies as SAIC, BP and Southwestern Energy, the metrics surrounding its business model, as well as revenue and earnings forecasts. We also dig heavily into the valuation from a number of different perspectives to give investors a better idea about the Company's intrinsic and future value. In summary, we believe that Ecosphere is on the cusp of triple digit revenue growth and/or a major liquidity event, either one could provide investors with exceedingly above average returns on their investment."