LAS VEGAS, NV--(Marketwired - August 26, 2016) - Vivakor Inc. (OTC PINK: VIVK) announced today that it is now officially operating its proprietary oil extraction technology and producing oil in Vernal, Utah. The Company had been previously testing its distinctive oil production process from the oil sands in Eastern Utah.
Vivakor an asset acquisition company focused on Natural Resources, specifically Energy related projects across the globe, today has announced that its patent pending, oil extraction technology and methodology is now operating. Vivakor offers investors a unique opportunity to invest in a very attractive royalty program that is based on production volume and the prevailing price of oil. The Company has stated that Investors will be receiving the first of their royalty program checks in September 2016.
Vivakor, Inc. procures and develops revenue producing assets around the world. These holdings include intellectual properties that are proprietary and largely disruptive while centered principally in the natural resources sector.
The Company is primarily focused on the Energy Sector, specifically oil extraction, remediation and reclamation as well as enhanced oil recovery techniques. Unique to the Company is a rapid deployment mobile, global capability for remediation and reclamation of contaminated soil created due to oil spills. The company has successfully cleaned soil and recovered oil for some of the largest oil operators in the world.
Additionally, the Company utilizes a thermal based technology for extraction of primarily precious metals from sand based ore. Effectively capturing non-visible precious metals and rare earth minerals through a proprietary technology and method for processing ore material from one of their many claim sites.
ABOUT VIVAKOR, INC.
For more information please visit www.vivakor.com.
This news release may contain forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Such statements are based upon our current expectations and speak only as of the date hereof. Our actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, including economic slowdown affecting companies, our ability to successfully develop products, rapid change in our markets, changes in demand for our future products, legislative, regulatory and competitive developments and general economic conditions. 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 may be incorporated herein by reference. Forward-looking statements may be identified but not limited 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. We undertake no obligation to revise or update publicly any forward-looking statements for any reason.