Vivakor Unveils Scaled-Up Precious Metals Extraction Machine
IRVINE, CA --(Marketwired - June 04, 2014) - Vivakor Inc. (PINKSHEETS: VIVK) unveiled today its newest version of the scaled-up precious metals extraction machine. The achievement of this milestone as it relates to Vivakor's business model roadmap illustrates once again the Company's ability to execute on schedule the specific objectives they defined over 18 months ago.
This latest machine is capable of processing up to 20 tons of ore per day through the highly productive efficiency of Vivakor's proprietary, industry disruptive technology and methodology for extraction of Precious Metals. This unit will be enhanced during the quality control and assurance phase and will greatly boost the overall yield per tonnage processed. Yield estimates for the new machine are for processing in a range between 5-10 times current production levels. This positive momentum in production output will continue for Vivakor in the form of lower costs per ton processed and improved yield over time as the company adds to its ever expanding asset accumulation with two machines processing ore on a daily basis out of its operations facility in Henderson, NV.
Chairman and CEO Matt Nicosia stated, "We are always excited about our continued ability to increase value for shareholders as we position the metals extraction business for greater growth. Higher operational capacity and production output increases asset growth for the company.
The continued addition of extraction units this year is solidifying Vivakor's vision of strong, long-range positioning in the Precious Metals markets and we're highly enthusiastic about the release of our new machine to that effort!"
Vivakor realizes a very strong gold equivalent yield per ton through highly efficient and optimized precious metals extraction process with a low cost basis per ton of ore processed from claims in Arizona and Colorado.
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. For more information please visit www.vivakor.com .
FORWARD-LOOKING STATEMENTS
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.
Contact:
Vivakor Investor Relations
(949) 281-2606
irpr@vivakor.com
