EcoSphere Technologies Inc. (fka ESPHQ)

[Pro-Life]

Ecosphere Technologies Selected by The Artemis Project as a 2011 Top 50 Water Company

The Artemis Project Top 50 Unveils 2011's Most Innovative Water Technologies

http://ih.advfn.com/p.php?pid=nmona&article=47713508&symbol=ESPH

STUART, Fla., May 17, 2011 (GLOBE NEWSWIRE) -- Ecosphere Technologies, Inc. (OTCBB:ESPH), a diversified water engineering, technology licensing and environmental services company, today announced that it has been chosen by The Artemis Project as a Top 50 Water Companies Competition winner. The Artemis Project revealed the companies at the Ontario H20 Global Water Leadership Summit occurring through tomorrow at the Metro Toronto Convention Center in Toronto, Canada.

"The Artemis Top 50 is the water industry's benchmark for recognizing innovation that will matter. It identifies the entrepreneurs that are applying technology to meet the world's water challenges," noted Laura Shenkar, principal at The Artemis Project. "Water tech is quickly becoming an engine for economic development and job growth. With these awards, we strive to identify the companies offering the most promising technologies coming onto the market."

Charles Vinick, Chairman and Chief Executive Officer, stated, "Ecosphere continues to improve its unique position as a leading water engineering firm with patented, proven, commercialized, and licensed technologies. Competing companies were evaluated based on the four criteria of intellectual property, technology, market potential, and team. It is an honor to have been selected by The Artemis Project as a leading water innovator for the second consecutive year."

Please visit http://www.ArtemisTop50.com for a full list of the 2011 Top 50 Water Companies Competition winners.