Nebula Stocks LLC: Nebulastocks.com : Presents --Ecosphere Technologies, Inc. (OTC Bulletin Board: ESPH - News)

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Today's hot alert includes :-Ecosphere Technologies, Inc. (OTC Bulletin Board: ESPH - News) Press Release Source: Ecosphere Technologies, Inc.

On 8:20 am EST, Tuesday November 10, 2009 Ecosphere Energy Services LLC, EES, a majority owned subsidiary of Ecosphere Technologies, Inc. (OTC Bulletin Board: ESPH - News), announces today that it has closed a financing round of $7.5 million with Fidelity National Financial, Inc. FNF is a leading provider of title insurance, mortgage services, specialty insurance, claims management services and information services. FNF will own 19% of EES.

EES is a provider of proprietary water purification and management services to the energy industry. The company manufactures water purification and management units, utilizing the proprietary Ozonix(TM) technology. Ozonix(TM) offers an eco-friendly "Total Water Management" system that is capable of cost effectively reclaiming water for maximum reuse and minimal waste.

John Kuelbs, Chairman of Ecosphere Energy Services, stated, "We are excited to be partnering with FNF, a world class organization. After seeing our mobile Ozonix technology at work in the field and speaking with the operators, FNF decided to make an equity investment in our company. This important $7.5 million round of capital will allow EES to build all of the equipment that we need to fully fund our Southwestern Energy contract." "EES is a company with a tremendous proprietary technology that we believe can deliver a great return on our investment. EES provides an eco-friendly, cost-effective solution that can make a real difference in the energy industry," said FNF Chairman William P. Foley, II. "EES' technology helps major energy producers extract clean energy from abundant shale plays, while at the same time reducing CO2 emissions and protecting vital water resources. We look forward to being partners with Ecosphere to help bring this technology to its customers."

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