IRVINE, CA--(Marketwire - Sep 25, 2012) - Vivakor Inc. (PINKSHEETS: VIVK) announced today that the Company has acquired an interest in Precious Metals Mining Claims though its subsidiary VivaVentures Inc. The properties are located in Arizona and Colorado. Additionally VivaVentures has acquired interest in a proprietary Vapor Technology for the processing of precious Metals.
CEO and Chairman Matt Nicosia added, "The Company is pleased to announce that it has acquired an interest in mining claims and operations. We believe in the short term and long term need for precious metals not only for a hedge against inflation, but they are necessary components to alternative energy energetics used in battery and other fuel cell technology. The Vapor Technology that the Company has acquired an interest in is part of our technology acquisition strategy. We believe that this technology will give us a competitive advantage in regards to processing costs and regulation issues. This process does not require harmful chemicals that usually exist in mining operations. This acquisition of an interest in certain Claims adds significant value to our balance sheet and creates and instant revenue stream for the company. The Assays on these claims show approximately 25 million ounces in the ground per claim. We expect to commence processing immediately and look forward to the scaling of this process and mineral production that will increase shareholder value and assets of the company."
About Vivakor, Inc.
Vivakor, Inc, is an asset acquisition company that develops and acquires assets that generate revenue currently or in the near term. The Company acquires technologies and assets in the fields of precious minerals, biotechnology, and alternative energy. We have several mineral assets that have great value and both create a cash flow and a long term revenue stream for the Company. We have effectively acquired positions in other Green Energy companies. We have several operating assets that produce revenues and cash flow to the company. Our business model is to acquire cash-flowing or near term cash-flowing mineral and or technology assets that an identified need or a substantial market opportunity with a significant market. 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.