Magnolia Solar Corporation Commences Trading Under New Symbol “MGLT”

WOBURN, MA--(Marketwire - February 8, 2010) - Magnolia Solar Corporation (OTCBB: MGLT) (OTCBB: MBSV), a developer of nanostructure-based thin film, high efficiency solar cells, announced the completion of a merger transaction and the commencement of its stock trading under the symbol "MGLT" on the OTC Bulletin Board on Monday, February 8, 2010. In connection with the merger, Magnolia Solar acquired 100% of the issued and outstanding capital of Magnolia Solar, Inc. through the sale of original issue discount secured convertible debentures and warrants.

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