SOURCE: Ecoark Holdings, Inc.

April 28, 2016 13:17 ET

Ecoark Holdings, Inc. Raises Over $17 Million in Equity Offering

Successful Offering Represents Key Step in Strengthening Balance Sheet Prior to Application to Nasdaq Capital Market

ROGERS, AR--(Marketwired - April 28, 2016) - Ecoark Holdings, Inc. (OTCQB: 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, announced today that the Company has successfully completed its current equity offering, raising more than $17 million from over 200 accredited investors.

"We initially set out to raise $10 million last November, but responding to early feedback from investors, we decided to increase the size of the offering," said Randy May, Chairman of the Board and CEO of Ecoark Holdings, Inc. "Successfully raising more than $17 million not only speaks to the opportunity that investors see for Ecoark and the technologies offered by our subsidiaries, but also the investor confidence in our leadership as the Company moves toward listing on a national securities exchange."

The offering included registration rights for participating investors. The Company, to fulfill its agreement with its investors, will file a Registration Statement on Form S-1 with the Securities and Exchange Commission no later than Friday, April 29, 2016. Please visit www.sec.gov to review the company's filings for the full description of the securities offered and the company's business operations.

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.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.

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