HENDERSON, NV--(Marketwired - Dec 27, 2013) - Vivakor Inc. (PINKSHEETS: VIVK) announces the completion of a forward stock split. The ten-for-one forward split was effective on December 16, 2013. For a period of 20 days the trading symbol will be "VIVKD" and thereafter will revert to "VIVK."
Matt Nicosia, CEO of the Company, stated, "The Company has been pleased with the performance of the Company's stock these past two years and we expect continued shareholder value creation in the years to come. In an effort to propel the company forward in its fund raising, and asset acquisition strategy, Management has decided that increasing the number of shares in the float that are available for investors to purchase, will enhance such objectives resulting in increased volume and exposure for the Company."
About Vivakor, Inc.
Vivakor, Inc, is a 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.