IRVINE, CA–(Marketwired – January 28, 2015) – Vivakor Inc. (VIVK) (PINKSHEETS: VIVK) announced it has signed a Memorandum of Understanding (MOU) with Sustainable Fuels Inc. for acquisition of its Intellectual Property which extracts oil and hydrocarbons from oil sands.
In August 2014 Vivakor declared it is increasing its activities in the area of rich, high demand natural resources. The Company expressed that in addition to its next-generation, disruptive precious metals extraction technology, Vivakor has substantiated through their lab testing another major technological advantage in extracting high demand natural resources for oil and gas.
The lab located near Vivakor’s Corporate Headquarters has been operating for the past six (6) months and has demonstrated a fully scalable oil and gas operations model utilizing a proprietary extraction catalyst that is unique to the industry. The Company is focused on specific areas where there is a sizable advantage to utilizing Vivakor’s technology and methodology for extraction of oil. The internal test results are extremely satisfactory and thus Vivakor has expressed its intent to acquire the technology.
Vivakor’s intellectual properties are proprietary and proving industry disruptive with a low cost basis in their operations.
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