Ecosphere Technologies, Inc. announced that it has established a number of new subsidiaries that have been granted exclusive global field-of-use licenses to deploy its patented Ozonix(R) water treatment technology in specific markets. Ecosphere created its first subsidiary, Ecosphere Energy Services, LLC (now Fidelity National Environmental Solutions, LLC or "FNES"), in 2009 to establish a market for Ozonix(R) in energy applications and will continue to use this successful model to license and monetize its intellectual property in other industries. Ecosphere has established subsidiaries for six priority industries and has begun exploring strategic relationships for all six.

As previously announced this year, Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc., has been retained by the Company as its investment banker and will assist the Company in developing strategic opportunities for these new markets. The new subsidiaries are: Ecosphere Agriculture, LLC; Ecosphere Food & Beverage, LLC; Ecosphere Industrial, LLC; Ecosphere Marine, LLC; Ecosphere Mining, LLC; and Ecosphere Municipal, LLC.