Ecosphere Technologies Named One of the 2013 Governor's Innovators in Business Awards Winners

Ecosphere Technologies Named One of the 2013 Governor's Innovators in Business
Awards Winners

Awards Honor Businesses for Job Creation, Entrepreneurship, and Export Growth
and Excellence

STUART, Fla., Jan. 22, 2014 (GLOBE NEWSWIRE) -- Ecosphere Technologies, Inc.
(OTCBB:ESPH), an innovative U.S. technology licensing and manufacturing
company, announced it has been named a winner in the 2013 Governor's
Innovators in Business Awards by Enterprise Florida (EFI). The awards program,
in its 30^th year of operation, recognizes Florida companies in select
industries that have influenced the state's economic growth and
diversification over the last year.

Winners were recognized during a special event last night, January 21, at the
Governor's Mansion in Tallahassee. Ecosphere was presented with the Governor's
"Rising Star" Award in a mid-market, which recognizes rising Florida companies
that have shown a commitment to business growth, professional excellence and
involvement in their communities.

Governor Scott said, "Florida's economy has made a huge upturn thanks to
businesses like the ones being recognized today. These outstanding companies
have worked hard to create jobs and improve our economy. Florida families are
able to live the American Dream with the help of the successful, innovative
companies that call Florida home. I am thankful to these companies for their
help in making Florida a great state for business and congratulate them on
their achievements."

Secretary of Commerce Gray Swoope said, "Florida and its companies continue to
be the model for economic recovery and growth in the nation. Companies from
every industry around the state have helped produce jobs and provide
opportunities that companies in other states just haven't been able to match.
They truly deserve to be recognized for their resilience, innovation and
achievements. On behalf of EFI, congratulations to each of these worthy
companies and we look forward to their continued success."

"We are proud to be recognized by Governor Scott as a "Rising Star" due to our
efforts in chemical-free water treatment and innovative solar power
generation," said Dennis McGuire, Chairman and CEO of Ecosphere Technologies,
Inc. "2013 proved to be a breakthrough year for our patented Ozonix® water
treatment technology, which has since 2008 enabled oil and gas customers to
treat, recycle, and reuse more than three billion gallons of water for more
than 800 oil and natural gas wells around the United States, protecting $4
billion worth of well assets, and generating approximately $65 million in
revenue for our Company and shareholders. We also posted a major first step in
the commercialization of our revolutionary Ecos PowerCube® and are looking
forward to developing new opportunities for this unique technology in 2014 and
beyond."

McGuire continued, "We have made significant investments to reach the
inflection point we are at today and Florida has been our base of operations
for over 16 years. We want to thank Governor Scott for his efforts in making
Florida a great home for innovative technology companies such as ours."

EFI has hosted the annual Governor's Innovators in Business Awards program for
the past 30 years. The winners are chosen by a panel of judges that includes
business leaders, past winners and EFI staff. The event is sponsored by Bank
of America and Florida Trend magazine.

About Ecosphere Technologies

Ecosphere Technologies, Inc. (OTCBB:ESPH) is an innovative U.S. technology
licensing and manufacturing company that develops environmental solutions for
global markets. We help industry increase production, reduce costs, and
protect the environment through a portfolio of more than 35 patented and
patent-pending technologies: Technologies like Ozonix®and Ecos PowerCube®,
which are licensable across a wide range of industries andapplications
throughout the world.

For more information, please visit http://www.ecospheretech.com

About Enterprise Florida, Inc.

Enterprise Florida, Inc. (EFI) is the principal economic development
organization for the state of Florida. The legislatively-mandated organization
is a public-private partnership between Florida's business and government
leaders, and serves to expand and diversify the state's economy through job
creation.

For more information, please visithttp://www.eflorida.com/

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

Cautionary Note Regarding Forward-Looking Statements.

This press release contains forward-looking statements including developing
new opportunities for the Ecos PowerCube® technology in 2014 and beyond. The
words "believe," "may," "estimate," "continue," "anticipate," "intend,"
"should," "plan," "could," "target," "potential," "is likely," "will,"
"expect" and similar expressions, as they relate to us, are intended to
identify forward-looking statements. Forward-looking statements are based on
our current expectations and assumptions regarding our business, the economy
and other future conditions. Because forward-looking statements relate to the
future, they are subject to inherent uncertainties, risks and changes in
circumstances that are difficult to predict. Our actual results may differ
materially from those contemplated by the forward-looking statements. We
caution you therefore against relying on any of these forward-looking
statements. They are neither statements of historical fact nor guarantees or
assurances of future performance. Important factors that could cause actual
results to differ materially from those in the forward-looking statements
include the acceptance of the new technology and the reluctance of companies
to adopt new technologies.

Further information on our risk factors is contained in our filings with the
SEC, including our Form S-1 filed on January 17, 2014. Any forward-looking
statement made by us in this press release speaks only as of the date on which
it is made. Factors or events that could cause our actual results to differ
may emerge from time to time, and it is not possible for us to predict all of
them. We undertake no obligation to publicly update any forward-looking
statement, whether as a result of new information, future developments or
otherwise, except as may be required by law.

CONTACT: Investor Relations:
         Shawn Severson
         The Blueshirt Group
         Phone: (415) 489-2198
         E-mail: shawn@blueshirtgroup.com
        
         Press and Media Relations:
         Alex Wellins
         The Blueshirt Group
         Phone: (415) 217-5861
         E-mail: alex@blueshirtgroup.com
        
         Company:
         Corey McGuire
         Director of Marketing
         Ecosphere Technologies, Inc.
         Phone: (772) 287-4846
         E-mail: cmcguire@ecospheretech.com
 
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