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Ecoark Holdings Plans to Change Its Name to BitNile Metaverse
Ecoark Holdings Plans to Change Its Name to BitNile Metaverse.
About this update from Wolf Energy Services Inc.
[{"type":"text","content":"\n SAN ANTONIO, March 10, 2023 (GLOBE NEWSWIRE) -- Ecoark Holdings, Inc. (NASDAQ: ZEST) (“Ecoark” or the “Company”) today announced its plan to rename the company to “BitNile Metaverse Inc.”, and change its stock ticker symbol to “BNMV”. The name and ticker symbol change are subject to regulatory approval and are expected to be completed within the next 10 trading days. The plan to change the Company’s name and stock ticker are a planned next step after the Company’s recent acquisition of BitNile.com, Inc. from Ault Alliance, Inc. (NYSE American: AULT). (See press release here). Milton “Todd” Ault, III, Ault Alliance’s Executive Chairman, stated, “The recent challenges that other device-based metaverses have encountered with user adoption are a clear indicator that the BITNILE.COM metaverse platform chose the correct path as a device-agnostic browser-based metaverse. We are excited to continue growing our user base and have numerous new offerings and enhancements we plan to be announcing in the coming weeks in the BitNile Metaverse.”   Ecoark’s Founder, Chairman and CEO, Randy May, stated, “I’m proud to be able to retire the old ‘Ecoark’ business name in exchange for a high-growth sector such as the metaverse. I’m looking forward to continuing to work with Todd Ault and our teams on growing this business.” About Ecoark Holdings, Inc. (to be renamed BitNile Metaverse, Inc.) Founded in 2011, Ecoark, soon to be renamed BitNile Metaverse, owns 100% of BitNile.com, Inc., including the BITNILE.COM metaverse platform. The Platform, which went live to the public on March 1, 2023, allows users to engage with a new social networking community and purchase both digital and physical products while playing 3D immersive games. In addition to BitNile.com, Inc., Ecoark also owns three non-core subsidiaries either directly or indirectly: approximately 66% of Wolf Energy Services Inc. (OTCQB: WOEN) indirectly, 100% of Zest Labs, Inc. directly and approximately 89% of Agora Digital Holdings Inc. directly. Ecoark also owns approximately 70% of White River Energy Corp (OTCQB: WTRV). Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of Section 27A...