Companies featured in this edition of the newsletter: CHIP, ENZ, GERS, IWEB, OMCM, ONEZ, XSNX

Markets hit fresh highs for ‘09 yet again last week, as the first round of earnings helped to assuage investor concerns that operating results would underpin robust gains in equities this year. All told, the Dow gained 130 points to end the week at 9995 after briefly cracking the 10,000 mark, gaining 1.3% on the week and extending its gains to 13.9% on the year. The Nasdaq gained 0.8% on the week to close at 2156, up 36.8% on the year, while the S&P 500 and Russell 2000 gained 1.5% and 0.2% respectively, bringing their YTD totals to 20.4% and 23.4%.

Earnings stole the spotlight last week as things got off to a strong start early with JP Morgan handily beating expectations calling for $0.51 per share, reporting earnings of $0.82 per share. Citigroup

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Ecosphere Technologies, Inc., a diversified water engineering and services company primarily focused on the natural gas industry, recently announced the successful results of the company’s pilot Fayetteville Shale testing. Ecosphere’s mission is to identify, create and produce clean technologies that are economically viable and improve the quality of life and protect the environment.

According to results from an independent lab, the tests confirmed that the EcosFrac technology killed the bacteria and passed the seven-day test for sulfur reducing bacteria at Ecosphere’s stated flow rate. The company’s EcosFrac process is a non-chemical electro-ozonation procedure that kills bacteria in frac water at 10 barrels per minute, and is part of Ecosphere’s Total Frac Water Management service.

Dennis McGuire, Ecosphere Energy Services president, stated, “In addition to treating flow-back and produced waters we are now able to offer the energy companies we serve a non-chemical process to kill bacteria in the water they use

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Elections Loom In India Emerging markets exchange-traded funds were among the leaders in the first quarter, scoring an impressive rebound in the final weeks. (See related article here.) And while Brazil, China and Russia are expected to lead as the world works its way out of recession, India is being viewed by some economists as charting its own path to recovery. One wild card could be the latest round of elections, slated to begin on April 16 and run over the course of four weeks. This BusinessWeek article looks at the possible impact on the consumer-oriented economy. You can read the business-oriented article here. A sister story on its Web site takes a more in-depth view of the political scene.  On Tuesday, an official had a shoe thrown at him in a press conference. You can read the latest here. Investments In Clean Tech Plunges This Reuters roundup of different research on the market for clean technologies finds a common ...

SDTC- March. 6, 2009-The Canadian economy became cleaner today as 16 new projects that develop and demonstrate emerging clean technologies were awarded $53 million.

After the driest January on record, Israel is faced with a huge problem in the form of a multi-year drought.  While fighting wars on multiple fronts and political haranguing, it appears Israel lacks a concrete plan regarding how to address a decreasing water supply in a climate that has not been friendly the past few years.

In fact, at a meeting today, Dr. Yosef Dreizen is expected to tell the “National Investigation Committee Regarding

the Water Crisis in Israel” that there is no plan for water beyond 2010 in Israel.

According to an article in the Jerusalem Post today, Dr. Dreizen said:

“While long-term planning was considered essential, it was never considered practical.  There was never an understanding that after seven years of plenty comes years of drought.” Moreover, he charged, until the transitional plan,  the water

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With water a crucial element in the production processes of clean energy producers, Ecosphere Technologies Inc. is providing solutions to enterprises’ desires to treat and recycle water. Headquartered in Stuart, Florida, and trading on the NASDAQ, Ecosphere is a diversified water engineering and services company mainly focusing on the natural gas industry. Their corporate mission is to enable clean energy producers to gain greater control over their water resources, quality, and completion costs by providing effective mobile water recycling solutions.

Ecosphere Technologies provides water-recycling services at the well site to provide clean water for energy companies to extract natural gas from unconventional shale plays. The company offers their expertise in water technologies to the natural gas industry so that energy companies can treat and recycle water used in gas well drilling and completions. They have a large portfolio of patented clean technologies that they sell and license for use in large-scale

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ECOtality, Inc. announced this morning that it will be holding a shareholder update conference call tomorrow at 4:15 PM EDT (1:15 PDT). Jonathan Read, President and CEO of ECOtality, Barry Baer, CFO of ECOtality, Don Karner, President and CEO of eTec, and Darrell Musick, President and CEO of Innergy Power, will be participating in the conference call with the financial community.

During the call, the management team will talk about the company’s Q2 2008 financial results and give an update on general business developments. Those who are interested in listening should dial 1-800-762-8779; or 1-480-629-9041 for international callers. When prompted, ask for the “ECOtality Second Quarter Earnings Conference Call.” Those who are not able to join at the scheduled time can listen in later by dialing 1-800-406-7325 or 1-303-590-3030 for international callers and entering the replay access code 3911235.

ECOtality is a recognized leader in clean electric transportation

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