|By Marketwired .||
|May 7, 2014 10:14 AM EDT||
IRVINE, CA--(Marketwired - May 07, 2014) - Vivakor Inc. (PINKSHEETS: VIVK) announces that the Company issued its 2014 first quarter interest distribution ahead of schedule. A major milestone was reached this first calendar quarter of 2014 when the board voted on a cash interest distribution for the Preferred Series B shareholders. This is in line with the intention of the management and the board to distribute regular returns and augment a strong accountability to its shareholders. This is credited to the highly productive efficiency of Vivakor's proprietary, industry disruptive technology and methodology for extraction of Precious Metals from ore bodies.
Matt Nicosia Chairman and CEO stated, "We will maintain our singular focus on growing the business and continue to fulfill our commitment to our shareholders and remain vigilant as we look for opportunities to drive Vivakor to greater heights. We would also like to take this opportunity to thank all of our staff and management, who are our greatest assets and have worked hard to successfully shape us into what we are today and the direction we're moving in."
Mr. Nicosia continued to say, "The interest distribution policy provides significant flexibility in its payout structure. After careful consideration of the Company's historic performance, previous interest distribution paid out by other companies, the overall Company's strategic plan, as well as the cash generation ability of Vivakor's business model, the Board has determined that it will provide Cash, Precious Metals or Stock for the Preferred Series B shares."
"The longer-range strategy is to increase our capital position in support of acquisition of strategic assets. While we are cautiously optimistic about the prospects of the overall global economy for the remainder of the year, Vivakor has been persistently picking up the pace to continue to drive growth for our investors. Vivakor is not subject to economic volatility with its core business acquisitions in Natural Resources and with the continued strong demand and consumption globally of precious metals, along with low precious metal inventory levels across the board, Vivakor remains on very solid footing going forward and is driving ahead."
Vivakor established increasing efficiencies to its operating model in order to sharpen its focus on value with volume as it gets ready to bring its next precious metal extraction unit online this month. 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.
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.
Vivakor Investor Relations