Ecosphere Technologies, Inc. (ESPH), a diversified water engineering, technology licensing and environmental services company, provided an update on the Chief Financial Officer transition process as initially disclosed in the Company's Form 10-K for the year 2011, filed with the U.S. Securities and Exchange Commission on March 15, 2012.

On March 14, 2012, Ecosphere's CFO Adrian Goldfarb gave notice in writing that he intended to resign the position upon the filing of the Form 10-Q for the period ending March 31, 2012. Because the Company had not identified a successor as ...