|By Marketwired .||
|March 3, 2014 09:15 AM EST||
IRVINE, CA--(Marketwired - March 03, 2014) - Vivakor (PINKSHEETS: VIVK), an asset acquisition company focused on Precious Metals and Energy related ventures across the globe, today announced the appointment of David Kovacs as Director of Finance, effective March 1, 2014.
Kovacs is the head of Investment Banking, Private Equity, and Research for the Americas, for Fitch Learning (Fitch Ratings). Prior to Fitch, Kovacs was a Managing Director at The Hindu Group, one of the largest diversified finance groups in the world with over $50 billion under management, where he spearheaded the group's private equity investments and strategic relationships. He has held various Investment Banking and Private Equity roles at Blackstone Group and Citigroup. Kovacs has and continues to lecture at many of the leading investment banks, private equity firms, sovereign wealth funds, and government agencies, including: the Securities & Exchange Commission, New York City Controller Office, Abu Dhabi Investment Authority, JP Morgan Chase, Barclays, Citigroup, RBC, RBS, Lazard, Morgan Stanley, and Deutsche Bank.
He earned a bachelor's degree with a triple major in Economics, Finance and Biochemistry, and a minor in Accounting and Political Science. Kovacs completed all University course requirements in two years. He attended Columbia University and the City University of New York.
"I am very pleased and honored to be joining Vivakor," said Kovacs. "I look forward to working with Vivakor team members worldwide to build upon the Company's excellent reputation, and to help fuel growth and long-term performance through innovation and relentless focus. It's an exciting time to be joining Vivakor." Chairman/CEO Matt Nicosia states, "We are pleased to add David Kovacs to the Vivakor team and look to his experience for continued superior results for Vivakor."
Vivakor's vision is to be a leader in asset acquisition by identifying, acquiring, developing and producing quality revenue producing projects in a safe, profitable and socially responsible manner for its Shareholders and Partners.
ABOUT VIVAKOR, INC.
Vivakor, Inc. is an asset acquisition company that identifies, develops and acquires assets that generate revenue currently or in the near term. The Company acquires technologies and assets in the areas of precious minerals, biotechnology, and alternative energy. We have several mineral assets that have great value and 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 have an identified need or a substantial market opportunity within 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
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