IRVINE, CA--(Marketwire - Jul 12, 2012) - Vivakor, Inc. (PINKSHEETS: VIVK) announced today its corporate strategy regarding its assets under development and its asset acquisition strategy.
CEO and Chairman Matt Nicosia added, "Vivakor has constantly been about developing technologies that can increase the length and quality of life. Over the past years the Company has made great strides in such development and now turns its focus to commercialization. The Company will continue to focus on up and coming technologies, but only where such technologies can be brought to market within a six month window from time of acquisition. The Company has made great strides in alternative energy and looks forward to acquiring further assets in this area that will increase the length and quality of life through reduction of harmful gasses and waste that continue to ruin our environment. Additionally the Company will focus on asset acquisitions that are backed and leveraged at least to a ten to one ratio for the Company. Through this process the Company expects to build a large asset base of technologies, distribution channels and leverageable assets that will have revenue streams in the form of royalties and or other distributions. Operational overhead will be very low as all efforts and cash will be used to acquire such assets and drive direct royalties and distributions for the Company. Our goal is not to spend dollars on research and development, but to increase our balance sheet and the value of the assets. The Company plans to expand its distribution of current technology, and immediately expand into alternative energy which is based on precious metal resources."
About Vivakor, Inc.
Vivakor, Inc. is a technology acquisition company that develops products and acquires technologies, companies, and assets. 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.