STUART, FL--(MARKET WIRE)--Aug 26, 2008 -- Ecosphere Technologies, Inc. (OTC BB:ESPH.OB - News), a diversified water engineering and services company, has added three new members to its Board of Directors, including Mr. Gene Davis, Mr. Steve Keating, and Mr. Tom Wolfe. In addition, Ecosphere hired Michael Furman as Executive Vice-President of Business Development.

Patrick Haskell, Chairman and Co-CEO, said, "Steve Keating, Gene Davis, Tom Wolfe and Michael Furman provide Ecosphere with exceptional experience in the oil and gas sector, the water filtration field, the auditing process, financial markets, and compliance. These individuals will be instrumental in helping Ecosphere Technologies reach its near and long-term goals."

J.C. "Jim" Rushing, Barry Hechtman, and Floyd Farleigh recently resigned from the Board to make room for these new additions. Mr. Haskell said, "On behalf of the Board of Directors and shareholders of Ecosphere Technologies, Inc., I would like to thank Jim, Barry, and Floyd for their Board service over the years. We would not be where we are today without their dedication and loyalty to Ecosphere."

Gene H. Davis is a Vice President and General Manger, Denver Division, of NFR Energy, LLC, a privately funded oil and gas exploration and production company with assets in East Texas and Montana. Mr. Davis has managed annual lease acquisition and drilling budgets in excess of $75 million and has been involved in the drilling and completion of more than 1,500 wells in his 30-year career in the oil and gas business.

D. Stephen Keating's career includes spending the past 20 years with CA, Inc. where he was most recently the Vice President, Worldwide Taxes. Mr. Keating helped negotiate and implement global tax policies, while also negotiating with global tax authorities on behalf of CA.

Mr. Tom Wolfe most recently served as the Chief Technical Officer and Senior VP for R&D for Open Energy Corp (OEGY) which had acquired WaterEye Corporation, a web-based remote technology and monitoring services company for water treatment operations on a worldwide basis. Mr. Wolfe was the founder and President/CEO of WaterEye.

Mr. Wolfe has extensive experience with reverse osmosis and thermal processes for water production and expertise in the design of industrial systems for products such as silica, sodium chloride, ammonium sulfate, and calcium salts. In the membrane field, Mr. Wolfe has made many contributions to the technology. He is one of the pioneers in the reverse osmosis field and participated in many of the innovations, which have made reverse osmosis a commercial product.

Michael Furman was appointed Executive Vice President in charge of business development in August 2008. Mr. Furman is a former Managing Director at HSBC and Credit Suisse, where he was the Co-Head of US Interest Rate Sales. From 1988 through March 2005, he was employed by Credit Suisse First Boston, now known as Credit Suisse. From 2000 until 2005, Mr. Furman was Managing Director and Co-Head of US Rates Sales. From March 2005 through December 2006, he was Managing Director and Co-Head of US Rate Sales at HSBC. Since March 2007, Mike has served as a Principal with Powelton Capital Management, a financial services firm based in Manhattan, where his responsibilities included capital raising, sales, customer relations, and portfolio management.

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About Ecosphere Technologies

Ecosphere Technologies, Inc. (OTC BB:ESPH.OB - News) is a diversified water engineering and services company primarily focused on the natural gas industry. The Company provides water recycling services at the well site to provide clean water for energy companies to extract natural gas from unconventional shale plays. Ecosphere's mission is to identify, create and produce clean technologies that solve a significant industry challenge, improve the quality of life and the environment, and are economically viable. Ecosphere has an extensive portfolio of patented clean technologies that can be purchased and licensed for use in large-scale and sustainable applications across industries, nations and ecosystems. For more information, please visit: www.ecospheretech.com

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     Gerald Kieft or Ryan Audin
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     EcosphereIR@wallstreetresources.net
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