Vivakor Acquires Next Generation Technology for Oil Extraction in a $10M Transaction
IRVINE, CA--(Marketwired - February 05, 2015) - Vivakor Inc. (OTC PINK: VIVK) announced it has acquired a new, proprietary technology in a $10M transaction for intellectual property that extracts oil and hydrocarbons in a socially responsible, environmentally friendly manner from oil sands. In addition to its next-generation disruptive precious metal extraction technology that has been operating successfully for the past two (2) years, Vivakor has substantiated through extensive lab testing the viability of this new technology and has thus added another major advantage to its portfolio with the ability to extract high demand natural resources for oil and hydrocarbons in the US in a clean, eco-friendly manner.
The Company is focused in very specific market areas where there is a substantial advantage to utilizing Vivakor's technologies and methods for extraction and processing of high value resources. Vivakor's intellectual properties are all proprietary and proving to be industry disruptive with a very low cost basis in their operational model. The potential for licensing and other revenue producing efforts is apparent and the Company stated it will disclose further the details of its push into the Energy Sector in a subsequent release.
Vivakor continues to drive shareholder value through its strategic acquisitions, partnerships and overall direction which add significantly to their balance sheet. The Company believes that this particular market area within Oil and Gas has the potential for adding millions of dollars to Vivakor's Total Asset base within a reasonably short period of time and enables them to scale and grow this division seamlessly and aggressively particularly in a down market with tremendous upside. Vivakor's model for ventures has been to return significant amounts of value beyond their initial investment.
ABOUT VIVAKOR, INC.
Vivakor, Inc. (OTC PINK: VIVK) is an Asset Acquisition company that develops and acquires resources that generate revenue currently or in the near term. The Company acquires technologies and assets primarily in the field of Natural Resources. Vivakor has several mineral assets that have great value and create cash flow and a long term, diverse revenue stream for the Company. Additionally, the Company has effectively acquired positions in other Green Energy companies. For more information please visit www.vivakor.com.
FORWARD-LOOKING STATEMENTS
This news release may contain forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Such statements are based upon our current expectations and speak only as of the date hereof. Our actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, including economic slowdown affecting companies, our ability to successfully develop products, rapid change in our markets, changes in demand for our future products, legislative, regulatory and competitive developments and general economic conditions. These risks and uncertainties include, but are not limited to, risks and uncertainties discussed in Vivakor's filings with the Securities and Exchange Commission, which factors may be incorporated herein by reference. Forward-looking statements may be identified but not limited by the use of the words "anticipates," "expects," "intends," "plans," "should," "could," "would," "may," "will," "believes," "estimates," "potential," or "continue" and variations or similar expressions. We undertake no obligation to revise or update publicly any forward-looking statements for any reason.
Contact:
Vivakor Investor Relations
(949) 281-2606
irpr@vivakor.com
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