Ecoark, Inc. Merges with Magnolia Solar Corporation


ALBANY, N.Y. and WOBURN, Mass., March 28, 2016 — Ecoark Holdings, Inc. (OTCQB:EARK), formerly Magnolia Solar Corporation (OTCQB:MGLTD), announced that it has completed the merger of one of its subsidiaries with Ecoark, Inc. (“Ecoark”).  As a result, Ecoark Holdings, Inc. will consolidate the operations of Ecoark and Magnolia Solar Inc., its current subsidiary.

Effective Monday, March 28, 2016, the company’s common shares will commence trading with the symbol MGLTD. After 20 trading days, the company’s ticker symbol will continue as EARK.

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