Ecoark Holdings Provides Update to Investors on Recent Transactions and Future Strategic Plans - Seite 2

“Ecoark will continue to provide updates to shareholders on these divestitures on an ongoing basis going forward through press releases and our upcoming 10-Q filing and annual shareholder meeting scheduled for September 9, 2022, at 1pm ET,” stated Jay Puchir, CFO of Ecoark. “In the last 60 days, we have been very active on executing transactions and will continually monitor for additional opportunities to continue to generate shareholder value.”

About Ecoark Holdings, Inc.

Founded in 2011, Ecoark is a diversified holding company. The company has three wholly-owned principal subsidiaries: Zest Labs, Inc. (“Zest Labs”), Banner Midstream Corp (“Banner Midstream”) and Agora Digital Holdings Inc. (“Agora”). Zest Labs, offers the Zest Fresh solution, a breakthrough approach to quality management of fresh food, is specifically designed to help substantially reduce the $161 billion amount of food loss the U.S. experiences each year. Banner Midstream is engaged in transportation and logistics services and procures and finances equipment to oilfield transportation services contractors. Agora is engaged in the cryptocurrency mining industry through its subsidiary, Bitstream Mining LLC.

ZEST FRESH and Zest Labs are trademarks of Zest Labs, Inc.

Forward-looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements related to our belief of the timing and success of the closings of the various transactions, plans to file registration statements, execution of stock dividends, our belief of the value of our company and continuing to create shareholder value. The words “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “is likely,” “will,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. These statements are based on management’s current expectations and beliefs, as well as a number of assumptions concerning future events. Such forward-looking statements are subject to known and unknown risks, uncertainties, assumptions, and other important factors, such as market and other conditions, many of which are outside management’s control. Additional factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. Among the risks that may affect these forward-looking statements are unanticipated issues in closing any or all of the transactions, delays in registration of stock dividends, failure to meet Nasdaq continued listing requirements, and undisclosed liabilities or other issues with the public company which we intend to merge Banner Midstream with the confidential public company, drop in value of stock prices prior to distribution to our shareholders and receipt of necessary shareholder approval. Additional risks and uncertainties are identified and discussed in Ecoark’s filings with the SEC, including the Annual Report on Form 10-K for the fiscal year ended March 31, 2022. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Additional factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.