IRVINE, CA -- (Marketwire) -- 02/05/13 -- Vivakor Inc. (PINKSHEETS: VIVK) Announced today that VivaVentures Precious Metals has completed its first production extraction unit. The unit now enters into the Quality Control phase and is expected to be employed to full production before month end. This unit extracts precious metals through a proprietary vaporization process and is unique to VivaVentures Precious Metals. The Vaporization Technology not only processes precious metals with an astounding extraction yield, it also applies to rare earths as well. The Company projects each Unit to have an extraction capacity of 125 ounces of Gold (Au) per month, with the ore content from its existing claims. Other PMGs (Platinum Metal Groups) are also extracted from these units as well.
CEO and Chairman Matt Nicosia added, "The Company is pleased to announce the completion of this Unit, as it was completed ahead of schedule and accomplishes the objective requiring production and asset generation within six months of investment. As the unit comes in full production toward the end of this month, we expect to derive a significant change in asset classification as the in-ground assets become production reserves. Based on the success of these units, and the ability to monetize the reserves, the company has put a plan together that will include manufacturing of four to twelve units this year. Such production will allow the company to turn all of its in-ground reserves into producing reserves. This is an exciting time for the company as the VivaVentures Precious Metals asset becomes a significant player in the precious metals market. With the ongoing monetary instability we project the continued increase in precious metals, and rare earth values, thus increasing shareholder value for Vivakor Inc."
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 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.
Vivakor Investor Relations
Most Popular Stories
- AIG to Create 230 Jobs in Charlotte
- 15 Myths That Could Ruin Your Hispanic Ad Campaign
- Russia Says Nyet to Canada North Pole Claim
- General Motors Names Mary Barra as First Female CEO
- Bipartisan Negotiators Reach Modest Budget Agreement
- Justin Bieber Visits Typhoon Victims, Plays Concert
- Senate Dems Move Forward With Obama Nominees
- New Obama Aide to Focus on Climate Change
- Obama Nominee Confirmed for D.C. Appeals Court
- MasterCard to Split Shares, Raise Dividend