ROGERS, Ark.--(BUSINESS WIRE)--Ecoark Holdings, Inc. (“Ecoark”) (OTCQX: EARK), to be renamed Zest Technologies, Inc., an AgTech company, today announced that FINRA has allowed a change in the Company’s stock symbol trading on the OTC Markets. Effective tomorrow, November 30, 2017, the Company’s common shares will commence trading on the OTC Markets under the symbol “ZEST” (OTCQX: ZEST). Outstanding stock certificates will not be affected by the symbol change and will not need to be exchanged. All stock trading, filings and market-related information will be reported under the new stock symbol.
The Company will seek approval to formally change its name from Ecoark Holdings, Inc. to Zest Technologies, Inc. at the next annual shareholder meeting in the first half of 2018.
“Our new trading symbol is a step in the previously announced new corporate strategy of repositioning the Company from Ecoark, a diversified holding company, to Zest Technologies, Inc., an AgTech company focused solely on its Zest Labs asset,” stated Randy May, Founder, Chairman and Chief Executive Officer. “This change is just one of many announcements we will be making as we continue on our mission of modernizing the fresh food supply chain.”
About Ecoark Holdings Inc. and Zest Labs
Ecoark is an AgTech company modernizing the post-harvest fresh food supply chain for a wide range of organizations including growers, distributors and retailers. The company’s Zest Fresh™ solution, a breakthrough approach to quality management of post-harvest fresh food, is specifically designed to help substantially reduce the $161 billion amount of food loss the U.S. experiences each year. Through item-level monitoring and real-time predictive analytics, Zest Fresh enables customers to improve the freshness and quality of produce, realize substantial cost savings and reduce food waste. To learn more about Zest Fresh click here.
Forward Looking Statement
This release contains forward-looking statements, including, without limitation, statements concerning business and possible or assumed future results of operations of Ecoark Holdings, Inc. and its subsidiaries; and statements concerning the ability of Zest Labs’ technology to improve delivered quality consistency, significantly reduce perishable food waste, drive sustainability, and increase efficiency in the industry. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons including: access to growth capital on favorable terms; 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.
