IRVINE, CA--(Marketwire - Aug 10, 2012) - Vivakor Inc. (PINKSHEETS: VIVK) announced today that the Company plans to increase its acquisition of alternative energy assets through its subsidiary VivaVentures. VivaVentures acquires interest in already existing technologies for Alternative Energy and nano material production. The Company is targeting recyclable energy resource catalysts that enable zero emissions, self sufficient energy projects at large scale. Additionally the Company targets material technologies, such as vapor gas processes, that increase efficiency and longevity of recyclable technology. Vivakor also has plans to acquire precious metal reserves that are necessary for the technology advancement in alternative energy.
CEO and Chairman Matt Nicosia added, "VivaVentures is the next step in our expansion plan for commercialization of alternative energy assets. Not only does the Company currently have equity positions in alternative Energy companies, the Company plans to mainly focus on acquiring assets that are either currently generating revenue, or will do so in a short horizon. These efforts have already significantly increased our balance sheet and income streams. Additionally the Company will look to acquire assets that are necessary to alternative energy technology such as precious metals and other rare earth minerals. All such technologies are focused on increasing the quality and length of our life by reducing emissions and harmful processes that pollute and decrease life. "
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.