Ault Alliance, Inc. (NYSE American: AULT), a diversified holding
company (“
Ault Alliance”) and Ecoark Holdings,
Inc. (“
Ecoark”) (NASDAQ: ZEST) today reminded
investors to participate in the online tour of its next-generation
marketplace, BitNile.com, Inc., currently a subsidiary of Ault
Alliance (“
BitNile.com”). Ault and Ecoark
previously announced on February 9, 2023 that they have entered
into a share exchange agreement whereby, upon closing, Ecoark will
acquire 100% of the outstanding equity of BitNile.com.
The tour is scheduled for today,
February 28, 2023 at 3:00pm PT / 6:00pm ET and can be accessed by
the
following:https://us06web.zoom.us/webinar/register/WN_VkYLF5T4R46h5zvnMP35GQ
Participants are encouraged to pre-register for
the event via the link above. The tour will be led by Mr. Milton
“Todd” Ault, III, founder of BitNile.com, which is set to launch
and “go live” March 1, 2023. BitNile.com’s development is led by
Douglas Gintz, its President and Chief Product Officer. The Company
once again invites the public to register for the initial launch
using this link, https://BitNile.com/. Those signing up prior to
the launch will be granted a future reward with details to
follow.
Tour participants will experience first-hand the
dynamic features, ambiance and capabilities of the metaverse
platform (the “Platform”), which can readily
accept Bitcoin. The Platform is device agnostic and is being
developed to enable users to access the Metaverse via the web
browser allowing usage on any device such as mobile, tablets, PC’s
and virtual reality headsets.
Ault Alliance and Ecoark expect the Platform to
revolutionize how people interact digitally with a bidirectional
connection to the physical world. The Platform will incentivize
users through a tiered rewards system supported by a revenue and
reward model. Registered users of the Platform will be able to play
3D immersive games, purchase both digital and physical products,
experience various forms of entertainment, and engage with a new
social networking community across any of their internet connected
devices. The Platform will allow users to participate in the
Metaverse with unique avatars and customized skins, or digital
accessories.
Examples of the digital “in-world” experiences
the Platform anticipates making available include slot machines, a
sports book, Texas Hold’em tournaments, and various other games of
chance using a sweepstakes model. The Platform is expected to have
the ability to live-stream concerts and other forms of live
entertainment, to create personalized avatars with fan favorite
INDYCAR Series driver’s jersey and other unique digital skins. The
Platform’s advertising model is expected to provide detailed
targeting, backed by a multi-tiered next-gen reward system that
incentivizes behavior. At launch, the Platform will be in beta
format or “early access” which denotes not all of the experiences
and functionality will be available immediately.
Beyond the virtual, BitNile.com’s team of expert
experience curators will craft unique real-world adventures, such
as events where users will be able to dine with celebrities, go
behind the scenes at NYC Fashion Week, explore off-grid Patagonia
on horseback, or have naming rights to a stadium.
For more information on Ault Alliance and its
subsidiaries, Ault Alliance recommends that stockholders,
investors, and any other interested parties read Ault Alliance’s
public filings and press releases available under the Investor
Relations section at https://www.ault.com/ or available at
https://www.sec.gov/.
About Ault Alliance, Inc.
Ault Alliance, Inc. is a diversified holding
company pursuing growth by acquiring undervalued businesses and
disruptive technologies with a global impact. Through its wholly
and majority-owned subsidiaries and strategic investments, Ault
Alliance owns and operates a data center at which it mines Bitcoin
and provides mission-critical products that support a diverse range
of industries, including oil exploration, crane services,
defense/aerospace, industrial, automotive, medical/biopharma,
consumer electronics, hotel operations and textiles. In addition,
Ault Alliance extends credit to select entrepreneurial businesses
through a licensed lending subsidiary. Ault Alliance’s headquarters
are located at 11411 Southern Highlands Parkway, Suite 240, Las
Vegas, NV 89141; www.Ault.com.
About Ecoark Holdings, Inc.
Founded in 2011, Ecoark is a diversified holding
company. Ecoark owns three principal subsidiaries either directly
or indirectly: approximately 66% of Wolf Energy Services Inc.
(OTCQB: WOEN) (“Wolf”) indirectly, 100% of Zest Labs, Inc. (“Zest
Labs”) directly, and approximately 89% of Agora Digital Holdings
Inc. (“Agora”) directly. Ecoark also owns approximately 70% of
White River Energy Corp (OTCQB: FRTM) (“White River ”). Wolf
provides trucking and other oilfield services through its Banner
Midstream business. White River owns White River Holdings Corp., an
oil and gas drilling, exploration, and production company. 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. Agora engaged in the mining of Bitcoin prior
to the industry sell-off through its subsidiary, Bitstream Mining
LLC, and is now transitioning to a hosting company. 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 Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended These forward-looking statements generally
include statements that are predictive in nature and depend upon or
refer to future events or conditions, and include words such as
“believes,” “plans,” “anticipates,” “projects,” “estimates,”
“expects,” “intends,” “strategy,” “future,” “opportunity,” “may,”
“will,” “should,” “could,” “potential,” or similar expressions.
Statements that are not historical facts are forward-looking
statements. Forward-looking statements are based on current beliefs
and assumptions that are subject to risks and uncertainties.
Forward-looking statements speak only as of the date they are made,
and neither Ault Alliance nor Ecoark undertake any obligation to
update any of these statements publicly in light of new information
or future events. Actual results could differ materially from those
contained in any forward-looking statement as a result of various
factors. In addition to risks relating to the continuation of high
oil prices and state regulation of bitcoin mining, investors should
review risk factors, that could affect either or both of the Ault
Alliance’s and Ecoark’s respective businesses and financial results
which are included in Ault Alliance’s and Ecoark’s respective
filings with the U.S. Securities and Exchange Commission,
including, but not limited to, their respective Forms 10-K, 10-Q
and 8-K. All such filings are available at www.sec.gov and on the
companies’ websites at www.Ault.com and www.ecoarkusa.com,
respectively.
Contacts
Ault Alliance Investor
Contact:IR@Ault.com or 1-888-753-2235
Ecoark Holdings Investor
Contact:investorrelations@ecoarkusa.com or
1-800-762-7293
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/86cbfee7-ff2a-45c9-a982-eb5579b1eeb0
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