IRVINE, CA--(Marketwired - April 17, 2014) -
Vivakor Inc. (PINKSHEETS: VIVK) announces that VivaVentures Precious Metals closed its 2014 first quarter and previous 12-month metals production with very solid marks. This achievement is credited to the highly productive efficiency of its proprietary, industry disruptive technology and methodology for extraction of Precious Metals from ore bodies.
VivaVentures Precious Metals established increasing efficiencies to its operating model in order to sharpen its focus on value over volume. This was in anticipation of the new scaled-up extraction machine expected to be on-line in May 2014. This highly optimized second machine will greatly enhance the tonnage process per day. The positive momentum in production output will continue in the form of lower costs, improved yield and enhanced free cash flow for the company. VivaVentures Precious Metals, an asset of Vivakor, realizes a very healthy gold equivalent yield through a highly efficient and optimized extraction process with a low cost basis per ton of ore processed.
Vivakor Chairman and CEO Matt Nicosia stated, "We are very pleased about our continued effort to maximize value for shareholders, and to position the business to capture the benefits of global economic recovery and continued demand growth in the longer term.
Higher production output increases asset growth, and our highly efficient extraction methodology enables continued cash accrual going forward. Vivakor is well poised to expand its operational capacity. Last year we improved by 35% quarter-over-quarter our total ounces accumulated. We exceeded 2013 expectations and our projections for 1Q2014 have been exceeded by 11.9% from 4Q2013 results.
The addition of metals extraction units this year is beginning to set the stage for Vivakor's long-range positioning in the Precious Metals markets and we're excited about our future! Thank you for trusting and investing in Vivakor, and for your continued interest and support in our operations."
ABOUT VIVAKOR, INC.
Vivakor, Inc. (VIVK) is an Asset Acquisition company that develops and acquires resources that generate revenue currently or in the near term. The Company acquires technologies and assets primarily in the field of Natural Resources. Vivakor has several mineral assets that have great value and create a cash flow and a long term revenue stream for the Company. Additionally, the Company has effectively acquired positions in other Green Energy companies. Vivakor has several operating assets that produce revenues and cash flow to the Company. The general business model is to acquire cash-flowing or near term cash-flowing
mineral and or technology assets with an identified need or a substantial market opportunity. 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.