HENDERSON, NV--(Marketwired - March 11, 2014) -
(PINKSHEETS: VIVK) announces that the Company has entered into a Land Lease Agreement with National Reserves Mining Statutory Trust (NRMST) of Minnesota.
Vivakor is enthusiastic to reveal a Royalty Lease arrangement spanning ten (10) years with a potential value to Vivakor of Fifty Million ($50M) dollars over that period. NRMST and its experienced team led by Trustee, Kevin O'C Green, are projecting revenues during that period that could result in substantial increases beyond the stated numbers. The extraction process utilized by NRMST enables reclamation of the processed soil keeping in line with Vivakor's eco-friendly position on operating practices. This specific Vivakor precious metal claim located in Arizona covers an area of over 160 contiguous acres.
Matt Nicosia, Vivakor's CEO, stated, "We are extremely pleased to offer one of our precious metals claims for lease to an experienced NRMST team. Our mining claims have tremendous value and we look forward to the results NRMST delivers to Vivakor and its shareholders."
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 meet an identified need or present 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.