Troy Aikman Invests in Bledsoe Capital's Cleantech Fund

 

Posted on: Thu, 23 Jul 2009 08:00:00 EDT


Symbols: ESPH

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DALLAS, TX, Jul 23, 2009 (MARKETWIRE via COMTEX) --
ESPH | Quote | Chart | News | PowerRating -- Bledsoe Capital Group announces today that it has closed a $10
million cleantech investment into Ecosphere Energy Solutions, LLC
(EES), an environmental services subsidiary of Ecosphere
Technologies, Inc. (OTCBB: ESPH). Bledsoe Capital becomes a 33% owner
of EES, which owns the license for the Ecosphere Ozonix technology in
the energy business.

Bledsoe Capital funded the first Ozonix prototype equipment for EES
to take it to the oil and gas industry to help energy companies
recycle the water that is used during the exploration and recovery of
natural gas in shale plays. Over the past year the management of
Bledsoe Capital has made numerous trips to the various U.S. shale
plays to see the Ecosphere Ozonix equipment working in the field, as
well to meet the major energy customers whose water treatment
services are being provided by EES. John Kuelbs, managing director of
Clean Water Partners, the subsidiary cleantech fund of Bledsoe
Capital investing into EES, stated, "This technology and investment
opportunity could not have come at a better time for the oil and gas
industry and the environment; it's green for the companies and it's
green for the environment."

The Bledsoe Capital opportunity has attracted a diverse group of
investors including NFL great, Troy Aikman. After visiting one of the
Oklahoma sites to see the Ecosphere Ozonix equipment working, Aikman
said, "I was very impressed with the technology that Ecosphere
developed and was excited to have the opportunity to invest in
Bledsoe Capital."

Drew Bledsoe stated: "We believe that water is the new oil in terms
of global importance. We have proven that the ESS technology
provides profits for both our investors and our customers. We are
happy to have Troy as a partner in this endeavor."

Chad Wold, managing director of Bledsoe Capital, stated: "The
Ecosphere Ozonix technology has multiple applications for water
recycling in U.S. and global shale plays, onshore and offshore oil
production, as well as coal bed methane applications. Our next focus
is to begin applying the Ecosphere technology in these other
industries with strategic energy partners not only in North America,
but around the world."


FOR ADDITIONAL COMMENTS OR QUESTIONS CONTACT:
Chad M. Wold
Email: Email Contact
Tel/Fax: 877-855-1952


SOURCE: Bledsoe Capital Group, LLC

http://www2.marketwire.com/mw/emailprcntct?id=9BC1438A5B398B87

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