OTCBB ALERTS

[Mandroid]

EarthFirst Technologies, Incorporated EFTI)
("EarthFirst" or "the Company") today announced the Company's results
for the fiscal year ended December 31, 2005.

2005 Financial Highlights

-- Revenue increased 172% to $41.7 million, up from $15.3 million
in 2004. Due to the timing of the Company's acquisition of
Electric Machinery Enterprises, Inc. (EME) in August 2004,
2004 revenues reflected only four month's operations of EME.

-- On a segmented basis, 2005 revenue from EME totaled $41.5
million; revenue from the Company's solid waste remediation
business totaled approximately $12,000; and revenue from its
new biofuels business totaled approximately $170,000.

-- Operating income, exclusive of non-cash charges, was
$1,423,000 in 2005, compared to an operating loss of
$1,796,000 in 2004.

-- Due largely to non-cash charges associated with a convertible
debt financing completed in 2005 and stock-based compensation
to entities affiliated with or controlled by the Company's
Chairman of the Board, net loss increased to approximately
$17.7 million, or $0.035 loss per diluted share, compared to a
net loss of approximately $2.3 million, or $0.01 loss per
diluted share.

-- As of December 31, 2005, EarthFirst had $10.4 million in cash
and receivables, $18.7 million in stockholders' equity and
$4.1 million in net working capital.

The Company has filed its Form 10KSB with the U.S. Securities &
Exchange Commission, which includes restated financial statements for
the first, second and third quarters, ended March 31, 2005, June 30,
2005 and September 30, 2005, due to a change in the accounting for the
convertible note financing transactions. The Company accounted for the
free standing warrants, embedded beneficial conversion options, and
other derivative financial instruments associated with the convertible
notes as paid in capital or equity, in accordance with accounting
interpretations at that time. During the fourth quarter of 2005, it
was determined that these derivatives should be recorded as
liabilities at estimated fair value and similarly adjusted at each
subsequent reporting period, based upon changes in the estimated fair
market of the financial derivatives.
John Stanton, Chairman and CEO of EarthFirst Technologies, Inc.,
stated, "In light of our recently announced intentions to merge
EarthFirst with Cast-Crete Corporation ("Cast-Crete"), and concentrate
our energy technologies into a separate public entity, we have focused
on defining the framework for the restructuring. We expect to commit
to a course of action in the near future that will accommodate
expedited closings of the underlying transactions."
"In the interim, I'm pleased to confirm that each of our
operational businesses is performing well," continued Stanton. "EME,
Prime Power of Tampa and Prime Power Residential continue to serve as
EarthFirst's primary sources of revenue."
Concluding, Stanton noted, "While the contemplated restructuring
of EarthFirst is complex, we remain confident that this course of
action represents the best opportunity to maximize and deliver long
term, profitable and sustainable value for our shareholders. We will
announce a timetable for the restructuring and identify milestones
within the next two weeks. At that time, the Company will also
announce the date of its teleconference for interested parties."
-0-
*T

EARTHFIRST TECHNOLOGIES, INCORPORATED AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
DECEMBER 31, 2005


ASSETS
Current assets:
Cash $ 1,202,480
Accounts receivable - net of allowance for doubtful
accounts of $279,500 9,232,564
Cost and estimated earnings in excess of billings on
uncompleted contracts 1,446,326
Inventory 1,613,276
Prepaid expenses and other current assets 127,735
-------------
Total current assets 13,622,381

Property and equipment, net 4,967,408
Intangible assets 15,323,152
Loan costs and discounts 635,813
Other assets 434,577
-------------
$ 34,983,331
=============

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Notes payable $ 52,403
Secured convertible notes payable 2,959,536
Accounts payable and accrued expenses 5,782,182
Billings in excess of cost and estimated earnings on
uncompleted contracts 719,820
-------------
Total current liabilities 9,513,941

Secured convertible notes payable, non current 301,665
Derivative liabilities 4,722,520
Other liabilities 890,172
-------------
Total liabilities 15,428,298

Majority and minority interests 853,648
Commitments and contingencies -
Stockholders' equity:
Common stock, par value $.0001, 750,000,000 shares
authorized, 598,046,693 shares issued and
outstanding 59,804
Additional paid-in capital 87,584,713
Accumulated deficit (67,675,072)
-------------
19,969,445
Less: treasury stock (1,950,000 shares at cost) (1,268,060)
-------------
Total stockholders' equity 18,701,385
-------------
$ 34,983,331
=============
*T

-0-
*T

EARTHFIRST TECHNOLOGIES, INCORPORATED AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
YEARS ENDED DECEMBER 31, 2005 AND 2004


2005 2004
----------- -----------
Revenue $41,743,320 $15,314,892
Cost of sales 32,083,495 11,209,802
----------- -----------
Gross profit 9,659,825 4,105,090

Selling, general and administrative
expenses 7,654,036 3,425,839
Related party stock based compensation 18,260,000 -
Research and development expenses 582,430 2,474,949
----------- -----------
Loss from operations (16,836,641) (1,795,698)
----------- -----------
Other income (expense):
Gain on extinguishment of debt,
bankruptcy 4,163,740 1,298,068
Miscellaneous income, net 397,071 333,214
Derivative loss (592,521) -
Interest expense (2,760,202) (469,514)
----------- -----------
Loss before reorganization item, income
taxes and majority and minority
interests (15,628,553) (633,930)

Reorganization item, professional fees
related to bankruptcy and pursuit of
claims (1,919,288) (1,202,829)
----------- -----------
Loss before income taxes and
majority and minority interests (17,547,841) (1,836,759)

Income tax benefit - -
----------- -----------
Loss before majority and minority
interests (17,547,841) (1,836,759)

Majority and minority interests 377 (430,230)
----------- -----------
Loss from continuing operations (17,547,464) (2,266,989)

Loss on disposal of discontinued
operations (137,636)
----------- -----------
Net loss ($ 17,685,100) ($ 2,266,989)
----------- -----------
Net loss per common share:
Continuing operations ($ .035) ($ .01)
Discontinued operations - -
----------- -----------
Net loss ($ .035) ($ .01)
=========== ===========

Weighted average shares outstanding,
basic and diluted 501,999,049 264,319,455
=========== ===========
*T

About EarthFirst Technologies, Incorporated

EarthFirst Technologies, http://www.earthfirsttech.com, is a
specialized holding company engaged in researching, developing and
commercializing technologies for the production of alternative fuel
sources and the destruction and/or remediation of liquid and solid
wastes, and in supplying electrical contracting services to commercial
and government customers internationally. Through its subsidiary World
Environmental Solutions Company (WESCO), EarthFirst markets solid
waste remediation plants utilizing a proprietary Catalytic Activated
Distillation (CAVD) process, which is a superior technology developed
by EarthFirst to recycle rubber tires and other waste by heating the
material without burning it. Through its subsidiary Electric Machinery
Enterprises, Inc., http://www.e-m-e.com, the Company provides
electrical contracting services both as a prime contractor and as a
subcontractor, electrical support for industrial and commercial
buildings, power generation stations, and water and sewage plants in
the US and abroad. Through its subsidiary EarthFirst Americas, Inc.,
the Company is engaged in the global development, marketing and
distribution of biofuels.
Investors are cautioned that certain statements contained in this
document as well as some statements in periodic press releases and
some oral statement of EFTI officials are "Forward-Looking Statements"
within the meaning of the Private Securities Litigation Reform Act of
1995 (the "Act"). Forward-looking statements include statements which
are predictive in nature, which depend upon or refer to future events
or conditions, which include words such as "believes," "anticipates,"
"intends," "plans," "expects," and similar expressions. In addition,
any statements concerning future financial performance (including
future revenues, earnings or growth rates), ongoing business
strategies or prospects, and possible future EFTI actions, which may
be provided by management, are also forward-looking statements as
defined by the Act. Forward-looking statements involve known and
unknown risks, uncertainties, and other factors which may cause the
actual results, performance or achievements of the Company to
materially differ from any future results, performance, or
achievements expressed or implied by such forward-looking statements
and to vary significantly from reporting period to reporting period.
Although management believes that the assumptions made and
expectations reflected in the forward-looking statements are
reasonable, there is no assurance that the underlying assumptions
will, in fact, prove to be correct or that actual future results will
not be different from the expectations expressed in this report. These
statements are not guarantees of future performance and EFTI has no
specific intention to update these statements.



KEYWORD: NORTH AMERICA FLORIDA UNITED STATES
INDUSTRY KEYWORD: ENERGY ALTERNATIVE ENERGY TECHNOLOGY GOVERNMENT GOVERNMENT AGENCIES MANUFACTURING CHEMICALS/PLASTICS ENGINEERING NATURAL RESOURCES ENVIRONMENT EARNINGS
SOURCE: EarthFirst Technologies, Incorporated


CONTACT INFORMATION:
For EarthFirst Technologies, Incorporated, Tampa
Elite Financial Communications Group, LLC
Dodi Handy, 407-585-1080
[e-mail]