Ecoark Holdings Announces Record Date for Stock Dividend for Upcoming Zest Labs Spin-off Transaction
Ecoark Stockholders of Record as of the Close of Business on Tuesday, November 15, 2022, eligible for spin-off of shares of Zest Labs Inc. Common
Bitnile Metaverse is a diversified holding company engaged in three primary business segments: Oil and Gas, Financial Services, and Food Freshness Management solutions.
At Bitnile Metaverse we understand that large, mature markets can be inefficient where dominant companies dictate terms and ignore efficiency for the sake of predictable performance and stable market share. Shifts in market conditions and/or technology present opportunities for smaller, more nimble institutions that can address these inefficiencies for sizeable gains. Bitnile Metaverse specializes in identifying discounted assets that address market inefficiencies and positions them for growth and financial success.
For instance, oil demand cratered due to the pandemic just as there was oversupply from competing regional sources. That market shift laid bare overleveraged middle- and small-size companies that had to shed assets at significant discounts. This market shift provided an opportunity to acquire discounted assets and improve their efficiency to deliver oil at a lower cost basis, profitable even at depressed prices. These assets also provide significant revenue upside on a market recovery, with a potential exit as large companies reconsolidate their production portfolio.
In the fresh food industry, retailers had become accustomed to significant farm-to-shelf food waste (average of 15%) by pricing the cost into the product. The dominant retailers felt little pressure until the market shifted to grocery discounters such as Aldi, Lidl, Amazon (Whole Foods) and Dollar General. At the same time, new technology enabled a cost-effective means to monitor and manage fresh food from the field to the store, reducing waste by more than 50%. Zest Labs is a market leader in reducing food waste with a breakthrough solution based upon many innovations including 72 issued US patents. Addressing the inefficiencies that lead to food waste is an industry game changer.
As Chairman, Randy S. May leads a strong management team that is working to deliver Bitnile Metaverse’s mission of sustainable solutions through its subsidiaries and strategic partners. Under his leadership, Bitnile Metaverse has completed three strategic acquisitions since 2012. Mr. May is a 25-year retail and supply-chain veteran with extensive experience in marketing, operational, and executive roles. Prior to Bitnile Metaverse, Mr. May held many roles with Walmart Stores, the world’s largest retailer, based in Bentonville, Arkansas. From 1998-2004, Mr. May served as Divisional Manager for half the United States for one of the company’s specialty divisions. There, he was responsible for all aspects of strategic planning, finance, and operations for more than 1,800 stores. He had complete P&L responsibility for more than $4.0 billion dollars of sales. Under Mr. May’s leadership, the business grew sales and market share in a highly competitive market.
Mr. Puchir is Principal Accounting Officer of the Company and the CEO and President of Banner Midstream Corp. Mr. Puchir is currently serving a dual role as the Chairman and CEO of Banner Energy Services Corp (OTC: BANM). Mr. Puchir has also served as the CEO and President of Banner Midstream Corp from its formation in April 2018 to present. Mr. Puchir served in various roles as an Executive at the Company from December 2016 to April 2018 including Director of Finance, Secretary, Treasurer, Chief Financial Officer and Chief Executive Officer. Mr. Puchir started his career as an auditor at PricewaterhouseCoopers and a consultant at Ernst & Young, ultimately achieving the position of Senior Manager at Ernst & Young. Mr. Puchir held the role of Associate Chief Financial Officer with HCA, and from March 2010 to February 2016 he served as both the Accounting Manager and Director of Finance/Controller at The Citadel. Mr. Puchir is a licensed Certified Public Accountant. He received a Bachelor of Arts from the University of North Carolina at Chapel Hill and a Master of Business Administration from Rutgers University.
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Capital One Securities 15th Annual Energy Conference
December 7-9, 2020
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