Vivakor Issues Shareholder Letter for 2013 Accomplishments
February 25, 2014 - IRVINE, CA
IRVINE, CA--(Marketwired - February 24, 2014) - Vivakor Inc. (PINKSHEETS: VIVK) issued the following shareholder update:
Dear Fellow Shareholders:
It has been a tremendous year in 2013, with what we believe to be another significant year unfolding. We are extremely excited about the opportunities that lie ahead, along with the talented team we have assembled with which to forge ahead in 2014. The next chapter of Vivakor's history will be marked by a relentless focus on creating added value for our shareholders.
In our first full year in partnership with Cornerstone Investment Marketing, Monarch Bay Securities along with Wilson-Davis & Co., collectively we drove market growth and increased shareholder value in a fantastic, very measurable way. Vivakor, Inc. pushed forward its stated objectives for 2013 by generating revenue; accruing precious metal assets and realizing its capital increase of over $5M, acquired new assets and further enhanced the proprietary, disruptive technology in VivaVentures Precious Metals. New and exciting avenues of additional growth are emerging to further enhance our opportunity to build on our existing core business model for precious metal extraction, and to develop our Energy related projects, all of which will drive greater revenue growth, improve our competitive position and further build shareholder value in 2014.
Our mission is to deliver the strongest business model possible to our valued shareholders and partners. We will carry forward the lessons we have learned and further refine our technologies as we build our capability to extract precious metals and leverage the assets from all of our claims across the globe.
Vivakor team members have a relentless focus on excellence. We are continually exploring ways to improve the quality, safety, and efficiency of the process and operations we have developed. This includes scrutinizing new methodologies to continue to improve upon the strong yield from our existing precious metal operation, and doing so at a lower cost while thriving in all business cycles. At the same time, we will allocate capital in a disciplined manner to prudent asset holdings we evaluate as they emerge across the globe.
Our Team Mission - To Stand Up and Make A Difference: Vivakor is ready to accept the challenge and deliver on all that we have promised to our shareholders, employees, and partners in the areas we operate. Maintaining a social and environmental focus on eco-friendly operating practices is also a driving force for Vivakor.
The following highlights some of our achievements in 2013:
- Completed a $5 Million Private Placement Memorandum to support ongoing investments as of December 16
- VivaVentures Precious Metals announces Extraction Results From the Thermal Vaporization Technology in Regard to Its Arizona Ore Bodies: 10oz AU equivalent per ton of ore processed
- Developed and refined scalable infrastructure to support claim locations generating revenue for VivaVentures Precious Metals
- Moved to a new Processing Facility in Henderson, NV to provide the utmost security and productivity to our operation
- VivaVentures Precious Metals announces acquisition of two additional patented precious metals claims adjacent to Company's current producing claim
- Vivakor realizes significant stock growth: $0.35 to $4.99 (all-time high) per share and closes the year at $4.50 per share
- Vivakor announces Dividend Filing with FINRA
- Vivakor declares Completion of Forward Stock Split (10:1)
- Vivakor, Inc. financial statements reveal cash and cash equivalents in excess of 7 figures on hand for 3 consecutive quarters
As we look to the future, management intends to implement several major initiatives as part of our ambitious business plan. To bring more visibility to the company, we will place greater emphasis on our marketing effort.
We have been working diligently on the development and implementation of new extraction machines and additional claims across the globe to create broader coverage within VivaVentures Precious Metals. These claims will augment our existing footprint and yield statistics, and projections that will be published in the coming year, and with which we will share with you.
With so much progress to report, and a growth plan in place for increased success going forward, I feel confident saying that we expect 2014 to be a solid year for Vivakor, Inc. and its shareholders. Thank you for your continued support and confidence as drive toward a stellar new year in our achievements!
Chairman & CEO, Vivakor, Inc.
About Vivakor, Inc.
Vivakor, Inc, is a 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