Ecoark Holdings, Inc. Submits Listing Application for the Nasdaq Capital Market
ROGERS, AR (May 17, 2016) – Ecoark Holdings, Inc. (EARK), a provider of a growing suite of proprietary technologies and services that drive sustainability and facilitate sustainable growth for a wide range of clients, today announced it has submitted its application to be listed on The Nasdaq Capital Market®.
“We are excited for the opportunity for inclusion into The Nasdaq Capital Market, as it represents the endless hard work of the entire Ecoark team. Joining The Nasdaq Capital Market would provide us with a much broader visibility, while also making our stock available to a greater number of investors,” said Randy May, CEO, Ecoark Holdings, Inc. “In addition to our existing revenue producing businesses, we expect Intelleflex, our solution for fresh food management, to enter into a period of significant growth in revenue and operating profit. We believe we are well positioned to continue our growth and leverage this significant market opportunity, and joining The Nasdaq Capital Market is a significant step toward achieving those results.”
The Company believes, with the completion of its recent equity offering and acquisition of Sable Polymer Solutions, it meets the financial and liquidity requirements for listing on The Nasdaq Capital Market.
The Company must also meet Nasdaq governance standards for public companies, including a board with a majority of independent directors, which was achieved with the recent appointment of three industry leaders to its Board. With these additions, the appointment of new officers and the adoption of corporate governance policies, the Company has taken steps to achieve the Nasdaq Capital Market listing.
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 four active subsidiaries, Intelleflex, Eco3d, Pioneer Products, and Magnolia Solar.
For more information, please visit www.ecoarkusa.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.