Vivakor to Manufacture Remediation Processing Centers in Utah Opportunity Zone, Securing Enormous Tax Savings Potential for its Investors

Opportunity Zones Enable Deferred Capital Gains and Create Tax-Free Realized Gains

LAS VEGAS, Dec. 10, 2018 (GLOBE NEWSWIRE) — Vivakor, Inc. (OTC: VIVK), a technology and asset acquisition company with a focus in the area of natural resources, announced today it will manufacture its proprietary Remediation Processing Centers (RPC) within an Opportunity Zone designated location in Utah, creating enormous tax savings potential for its investors.

“This is a phenomenal opportunity for our investors. Their capital gains investments are now eligible for tax deferral through 2026, and if they hold the investment for 10 years, any realized gain on the sale of their position will be entirely income tax free,” stated Vivakor Chief Executive Officer Matt Nicosia. “Any investor will additionally receive a K-1 deduction of up to 80% of their investment immediately, for all of the non-capitalized expenses associated with each RPC. That’s up to a 180% tax shield on day one.”

In addition to the substantial tax saving potential, investors would also be eligible for royalties of 25% of the production on each RPC. Each RPC is projected to generate between $5-6 million per year, or a royalty stream of $1.25 to $1.5 million annually. The investment may also be converted to Vivakor’s publicly traded stock, allowing for a high level of flexibility and liquidity.

Vivakor’s RPCs are based on its patent pending technology for remediation and extraction of Hydrocarbons from soil material. After having conducted multiple, successful pilots in Eastern Utah, the Company is expected to launch its fully scaled RPC unit in the first quarter of 2019. Vivakor operates the RPC’s through its VivaVentures Energy Group Inc. division currently operating in Utah and Kuwait.  The need for RPC’s throughout the world applies to any hydrocarbon mixed in soil remediation and certain Oil Sands operations.

The facility manufacturing the Remediation Processing Centers will be located in Utah to process the prolific hydrocarbons in the Oil Sands projects located in Asphalt Ridge, or other sites in Utah. “We anticipate placing over 30 RPC’s in Utah over the next 24 months, as we’ve entered into our Fundamental Revenue Growth phase,” reaffirmed Mr. Nicosia. “The potential for up to an immediate 180% tax shield, royalty stream payments, tax free income on the sale of positions held for at least 10 years, and the backing of a publicly traded company is a winning combination. Now is the time to be an investor in this incredible company and technology.”

About Vivakor, Inc.

Vivakor, Inc. (VIVK), a technology and asset acquisition company with a focus in the area of natural resources. Vivakor’s corporate mission is to create, acquire and accumulate distinct assets, intellectual properties, and exceptional technologies that produce solid returns to its valued shareholders and partners. The company currently focuses on bitumen (heavy crude) extraction from shallow, oil-laden areas in Eastern Utah, along with petroleum based remediation projects across the globe. The technologies utilized are low-cost, proprietary and proving themselves industry disruptive when measured by a number of important factors. The general business model has been to be an acquisition hub, focused on building and acquiring cash-flowing assets in discrete areas that have an acknowledged technological advantage and enable a substantial market opportunity within significant target markets across the globe. Our research, and the technology we acquire are anchored by our relationships with synergistic partners and product-specific commercialization strategies. From the point of product or technology conception, or through acquisition, development and commercialization, we expect to have strategic partners, joint ventures or licensing arrangements in place for many of our products in order to sustain revenue attainment.

For more information, please visit our website: http://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.