Business
Ecoark Provides Second Quarter Fiscal 2018 Update on Recent Business Progress
Ecoark Provides Second Quarter Fiscal 2018 Update on Recent Business Progress.
About this update from Riskon International, Inc.
[{"type":"text","content":"\n \n Ecoark \n Holdings, Inc. (“Ecoark”) (OTCQX: EARK), to be renamed Zest \n Technologies, an AgTech company, is providing an update on recent \n business developments. In addition, the Company is filing its Form 10-Q \n for the fiscal second quarter ended September 30, 2017, with the \n Securities and Exchange Commission today. The Company previously \n announced that the Board unanimously determined the most prudent \n strategy to enhance long-term shareholder value is focusing on Zest \n Labs, and for Ecoark to rebrand all aspects of its company to Zest – \n including renaming the Company “Zest Technologies,” and changing its \n stock ticker symbol from EARK to ZEST – in the coming months.\n \n \n “I’m very excited that we have moved from the development phase of Zest \n Fresh into deployment and initial revenue generation on a per pallet \n basis from suppliers working with one of the largest global retailers,” \n said Randy May, Founder, Chairman and Chief Executive Officer of Ecoark. \n “This milestone proves the tangible value of Zest Fresh and reaffirms \n our belief that we are enacting the right strategy of repositioning and \n rebranding the company from Ecoark to Zest Technologies. In our third \n fiscal quarter of 2018, we expect to announce new customers and achieve \n a meaningful increase in revenue as we modernize the post-harvest fresh \n food supply chain for a wide range of organizations including growers, \n distributors, restaurants and retailers.”\n \n \n May continued, “We have invested over $25 million in our Zest Labs \n solution and many years of research and testing with some of the largest \n retailers and growers throughout North America to ensure we have a \n leading AgTech solution. We are now officially deploying a solution that \n will enable retailers to significantly reduce fresh food spoilage by \n providing a growing suite of proprietary solutions and technologies that \n drive efficiency and sustainability through improved quality \n consistency.”\n \n \n Business Highlights\n \n \n \n Ecoark is actively transitioning from a diversified holding company \n into a company focused solely on its Zest \n Labs asset. Ecoark is exploring divesting all non-core holdings, \n including Pioneer Products, Magnolia Solar and...