Vivakor Inc. (VIVK)

[Rob~daBanca]

$VIVK News: Vivakor Agrees to Joint Venture with Specialty Liquid Transporation Corporation for the Transportation of Heavy Crude Worldwide
https://finance.yahoo.com/news/vivakor-agrees-joint-venture-specialty-123000502.html
LAS VEGAS, NV / ACCESSWIRE / July 19, 2019 / Vivakor, Inc. (OTC PINK: VIVK), a technology and asset acquisition company with a focus in the area of natural resources, announces that it has signed an agreement to lend capital to Specialty Liquids Transportation, a Toronto Corporation (SLT.V) and also agrees to use their patented Flexitanks in Vivakor’s storage and transportation of its processed, heavy crude worldwide.

“The investment by Vivakor into SLT is viewed as highly complementary, as both SLT and VivaVentures Exploration LLC, a Vivakor Company, have been heavily involved in working toward a solution for the world’s need for heavy crude, and the need for a cheaper, more efficient method of distribution,” stated Vivakor Chief Executive Officer Matt Nicosia. “With proven, and now scaling projects both in the domestic United States and the Middle East, we will have need of a more efficient and cost-effective method to supply our remediated and reclaimed oil to our buyers worldwide. In particular, the heavy crude from Utah has proven to be a great product for bituminous roadway applications, where there is an ever-increasing international market, approximating $100 billion. SLT’s Flexitank provides the solution for cost effective transportation and delivery of our product to meet that increasing global demand.”

“We are excited with our relationship with both VivaVentures Exploration LLC, a Vivakor company, and Vivakor as investors, as they bring a world of knowledge regarding heavy crude extraction and customer demand. We look forward to assisting Vivakor transport its product worldwide and believe that jointly we will be shipping, over time, several thousand containers per month,” stated David Skirloff CEO of Specialty Liquids Transportation.