Vivakor Exceeds Expectations on Metals Production for Q1 2014 From Metals Division
18 April 2014 - 1:54AM
Marketwired
Vivakor Exceeds Expectations on Metals Production for Q1 2014 From
Metals Division
IRVINE, CA--(Marketwired -
April 17, 2014) - Vivakor Inc. (PINKSHEETS: VIVK) announces that VivaVentures
Precious Metals closed its 2014 first quarter and previous 12-month
metals production with very solid marks. This achievement is
credited to the highly productive efficiency of its proprietary,
industry disruptive technology and methodology for extraction of
Precious Metals from ore bodies.
VivaVentures Precious Metals established increasing efficiencies
to its operating model in order to sharpen its focus on value over
volume. This was in anticipation of the new scaled-up
extraction machine expected to be on-line in May 2014. This
highly optimized second machine will greatly enhance the tonnage
process per day. The positive momentum in production output
will continue in the form of lower costs, improved yield and
enhanced free cash flow for the company. VivaVentures Precious
Metals, an asset of 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.
Vivakor Chairman and CEO Matt Nicosia stated, "We are very
pleased about our continued effort to maximize value for
shareholders, and to position the business to capture the benefits
of global economic recovery and continued demand growth in the
longer term.
Higher production output increases asset growth, and our highly
efficient extraction methodology enables continued cash accrual
going forward. Vivakor is well poised to expand its
operational capacity. Last year we improved by 35%
quarter-over-quarter our total ounces accumulated. We exceeded
2013 expectations and our projections for 1Q2014 have been exceeded
by 11.9% from 4Q2013 results.
The addition of metals extraction units this year is beginning
to set the stage for Vivakor's long-range positioning in the
Precious Metals markets and we're excited about our
future! Thank you for trusting and investing in Vivakor, and
for your continued interest and support in our operations."
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.
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