IRVINE, CA–(Marketwired – July 31, 2015) – Vivakor Inc. (
The Company declared that its mobile oil sands processing units have a multi-purpose and multi-functional capability through the use of their next-generation oil extraction technologies.
In keeping with their mandate to be socially conscious and responsible to the environment, the Company utilizes clean, green technologies for extraction of rich natural resources. The ability to now cleanup oil is an added plus for this innovative company.
Vivakor has sizable precious metal claims between Arizona and Colorado with strong in-ground valuation. In 2014, the Company announced that they were working on a solution for extraction of oil in the oil sands laden areas in Eastern Utah. The Company has since successfully extracted high quality oil from Utah and is set to go into production this year.
Chairman and CEO Matt Nicosia stated, “We are excited about our add-on capabilities as we continue to diversify our revenue model. A continued ability to increase value for shareholders is always very high on our priority list. We are pleased that we can continue to expand our operational capacity and productivity in the Natural Resources space while solidifying Corporate Governance.
“The addition of mobile oil extraction units and the expansion into environmental cleanup is advancing Vivakor’s vision of strong entrenchment for the long haul in the Natural Resources sector, while remaining true to our environmental responsibility. The intellectual capital we continue to assemble, positions Vivakor to successfully achieve its overall long-range goals and objectives.”
Vivakor’s technology is proprietary and proving itself to be industry disruptive with a low cost basis in its day-to-day operation. The Company expressed that additional related information was forthcoming in the near future.
ABOUT VIVAKOR, INC.
Vivakor, Inc. (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.
This press release may contain forward-looking statements, including, but not limited to, statements regarding Vivakor’s products and their related market potential. Forward-looking statements may be identified 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. These statements are based upon the current expectations and beliefs of management and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. 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 are incorporated herein by reference. Readers are cautioned not to place undue reliance on any of these forward-looking statements. Vivakor undertakes no obligation to update any of these forward-looking statements to reflect events or circumstances after the date of this press release or to reflect actual outcomes.
Vivakor Investor Relations