Effective as of February 25, 2016, Alanco Technologies Inc.'s board of directors appointed, elected and confirmed Joshua Silverman to serve as a Director on the company's board of directors. Mr. Silverman will have all the duties, privileges and responsibilities inherent therein and will receive the same compensation as current board members. Mr. Silverman, as reported on Schedule 13D filed on May 7, 2014, is a joint filer sharing ownership and voting rights with Iroquois Capital Management, LLC, Iroquois Master Fund Ltd., and Mr. Richard Abbe of 474,398 shares of the Company's Class A Common Stock.