SOURCE: Vivakor, Inc.

Vivakor, Inc.

November 19, 2014 21:41 ET

Vivakor Surprises Again With Solid 3rd Quarter 2014 Financials and 6th Straight Quarter of Positive Results

IRVINE, CA--(Marketwired - November 19, 2014) - Vivakor Inc. (PINKSHEETS: VIVK) announced GAAP based financial results for the quarter ended September 30, 2014.

Q3 Financial Highlights

  • The Company exceeded quarter over quarter results on its precious metals production by over 20% for the 3rd quarter of 2014.
  • The Company reports an increase in stockholder equity of $1.6M for the quarter ended September 30, 2014, an increase of 25% compared to the second quarter of 2014. This signifies a year-to-date increase of 937%.
  • Vivakor reports decreased liabilities by $800K or 31% from the previous quarter ended September 30, 2014. For 2014 this represents a 65% decrease from December 31, 2013 numbers.
  • Total Assets increased to over $9.55M or 10% for the quarter ended September 30, 2014. An accrual of over 66% for the year 2014.
  • Vivakor issued a Series B interest distribution to its stockholders for the quarter ended September 30, 2014. 

Vivakor continues to focus on asset accrual in their Metals Business Unit as it operates its two precious metal extraction processing machines. Vivakor brought its second machine on-line in June and has been operating with good results as they continue to fine tune this significantly larger machine as compared to the first unit. The first unit was brought into production in early 2013 and has performed extraordinarily well. This latest generation machine is capable of processing up to 20 tons of ore per day through the highly productive efficiency of Vivakor's proprietary technology and method for extraction of Precious Metals. It's likely to process in the range of 5-10 tons per day as Vivakor zeroes in on optimized settings for this larger capacity machine. The metals production output results in greater asset accumulation and valuation for the Company as it increases operating efficiencies in order to continue growing shareholder value.

Vivakor currently realizes a very strong 10 oz. (310 grams) gold equivalent yield per ton of ore concentrate processed through a highly efficient and optimized extraction method. Vivakor's technology is eco-friendly, proprietary and is proven industry disruptive with a low cost basis per ton of ore processed from 18 sizable mining claims throughout Arizona and Colorado that have significant in-ground valuation. The global industry average yield is merely 1.5 grams per ton processed with high operating costs.

Chairman and CEO Matt Nicosia stated, "We have now been able to realize six straight quarters of overall positive financial results. Higher metals production output and the addition of the new machine have enabled us to increase our total assets for the company while we continue to reduce our liabilities. The longer-term plan for the Company is to increase our holdings through continued accumulation of strategic, high value assets while keeping our operating costs low. We have openly announced our objective to move into the energy sector and our effort has resulted in some strong announcements that are forthcoming. Vivakor maintains a pledge to a prudent business plan that is supported strongly by protection of its assets while growing the overall asset base and its valuation for its investors. We believe VIVK is undervalued and with the addition of the Energy Business Unit, the growth potential is very exciting. We are appreciative of the confidence in Vivakor."

ABOUT VIVAKOR, INC.
Vivakor, Inc. (VIVK) is an Asset Acquisition holding company that develops and acquires resources that generate revenue currently or in the near term. The Company secures technologies and assets primarily in the field of Natural Resources. Vivakor has several mineral assets that have great value and create cash flow and a long term, diverse revenue stream for the Company. Additionally, the Company has effectively acquired and seeks opportunities in other Energy related companies. For more information please visit www.vivakor.com.

FORWARD-LOOKING STATEMENTS
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.

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