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Ecoark Holdings, Inc. Symbol Changes to EARK

ROGERS, Ark., April 22, 2016 (GLOBE NEWSWIRE) -- Ecoark Holdings, Inc. (OTCQB:EARK), a technology company providing business solutions to a wide range of clients, announced today that the company is now trading under the new symbol "EARK," following the merger with Magnolia Solar (OTCQB:MGLT) and name to change to Ecoark Holdings, Inc.. All stock trading, filings, and market related information will be reported under EARK.

Randy May, who was appointed Chairman of the Board and Chief Executive Officer of Ecoark Holdings, Inc., stated, "Trading under this new symbol is the next step in moving forward with our business strategy of integrating Ecoark’s portfolio of companies with Magnolia Solar’s technologies, knowledge and management. We will be working to raise the profile of EARK so that our customers and investors associate the symbol and our company with innovative technology, services and solutions.”

Ashok Sood, who was appointed President of Ecoark Holdings, Inc., added “While Magnolia Solar and its affiliated companies made progress in advancing its technology, working with EARK, we can employ and apply our knowledge to EARK’s retail and other customers.”

About Ecoark Holdings, Inc.

Based in Rogers AR and founded in 2011, Ecoark, Holdings, Inc. is a growth-oriented company based in the retail and logistics hub of Northwest Arkansas. Ecoark’s portfolio of technology solutions increase operational visibility and improve organizational transparency for a wide range of corporate clients.

Ecoark’s technologies fight waste in Operations, Logistics, and Supply Chains across the evolving global economy. Ecoark’s portfolio of companies and technologies work to integrate people, processes, and data in order to overcome ingrained operational hurdles and create new revenue streams.

Ecoark’s vision is to expose the cycles of waste that reduce efficiency and cost effectiveness across the business landscape. Ecoark’s strategically acquired subsidiaries have anticipated and responded to key economic factors impacting every business today.

Ecoark addresses these vital economic factors through three active subsidiaries, Intelleflex, Eco3d, Pioneer Products and Magnolia Solar.

For more information, please visit www.ecoark.com

Forward Looking Statement:

This release contains forward-looking statements, including, without limitation, statements concerning our business and possible or assumed future results of operations. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons including: our ability to continue as a going concern; adverse economic changes affecting markets we serve; competition in our markets and industry segments; our timing and the profitability of entering new markets; greater than expected costs, customer acceptance of our products or difficulties related to our integration of the businesses we may acquire; and other risks and uncertainties as may be detailed from time to time in our public announcements and SEC filings. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in our expectations, except as required by law.

For information contact: Ecoark Holdings, Inc. Brad Hoagland, CFA (479) 259-2981 Bhoagland@ecoarkusa.com

Source: Ecoark Holdings, Inc.