DALLAS, May 27, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Ecosphere Technologies Inc. (OTCBB:ESPH). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report is available at: www.microstockprofit.com/lp/ESPH
Ecosphere Technologies Inc. (ESPH), a diversified engineering, technology development, and manufacturing company, provides clean technologies and services for use in various applications in the industrial waste market in the United States. The Company designs and builds mobile water filtration equipment to treat energy exploration related wastewaters; provides water recycling services to energy exploration companies; and develops Ecosphere Ozonix, an oxidation process to treat industrial wastewater.
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In the report, the analyst notes:
"The Company announced first-quarter revenue in excess of $2.100 million for the quarter ended March 31, 2010. This represents an increase of 980% over the first quarter ended March 31, 2009, and an increase of 100% over the fourth quarter ended December 31, 2009. In addition, the Company has been able to reduce its debt outstanding by 55% from $8.2 million as of March 31, 2009, to $3.7 million as of March 31, 2010.
"ESPH shares were boosted after the Company's recent feature on ABC affiliate Channel 25 WPBF News. CEO Dennis McGuire indicated during the interview that ESPH's patented Ozonix technology was unique over all other methods, since it doesn't use any liquid chemicals in the process. As a result, its equipment will be deployed to the Gulf of Mexico to remove oil from sea water. CEO McGuire said the Company expects to move its equipment to Louisiana over the next few days."
To read the entire report visit: www.microstockprofit.com/lp/ESPH
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