LAS VEGAS, NV / ACCESSWIRE / December 12, 2019 / Vivakor, Inc. (OTC PINK:VIVK), a technology and asset acquisition company with a focus in the area of natural resources, announces it will be launching its third royalty program to build the third Remediation Processing Center. The Royalty Program will be offered as a Qualified Opportunity Zone fund. The offering allows investors to participate in the gross revenue of each Remediation Processing Center (RPC) that is financed and manufactured through the Opportunity Zone Venture for a twenty-year term.
"With the successful closing of our Royalty II program, we have opened the third program as a Qualified Opportunity Zone Fund. VivaVentures Opportunity Fund, a Utah LLC, will fund the manufacturing of our third RPC. We are very excited to share these substantial investment opportunities, created by President Trump's 2017 Tax Cuts and Jobs Act with investors. As investors take advantage of our Opportunity Zone Fund we anticipate they will experience substantial tax savings through our Opportunity Zones. The third RPC is expected to be deployed as soon as 90 days post-closing of this financing. " stated Vivakor Chief Executive Officer Matt Nicosia.
About Vivakor, Inc.
Vivakor, Inc. (VIVK), a technology and asset acquisition company with a focus in the area of natural resources. Vivakor's corporate mission is to create, acquire and accumulate distinct assets, intellectual properties, and exceptional technologies that produce solid returns to its valued shareholders and partners. The company currently focuses on bitumen (heavy crude) extraction from shallow, oil-laden areas in Eastern Utah, along with petroleum based remediation projects across the globe. The technologies utilized are low-cost, proprietary and proving themselves industry disruptive when measured by a number of important factors. The general business model has been to be an acquisition hub, focused on building and acquiring cash-flowing assets in discrete areas that have an acknowledged technological advantage and enable a substantial market opportunity within significant target markets across the globe. Our research, and the technology we acquire are anchored by our relationships with synergistic partners and product-specific commercialization strategies. From the point of product or technology conception, or through acquisition, development and commercialization, we expect to have strategic partners, joint ventures or licensing arrangements in place for many of our products in order to sustain revenue attainment.
For more information, please visit our website: http://vivakor.com
This news release may contain forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Such statements are based upon our current expectations and speak only as of the date hereof. Our actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, including economic slowdown affecting companies, our ability to successfully develop products, rapid change in our markets, changes in demand for our future products, legislative, regulatory and competitive developments and general economic conditions. 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 may be incorporated herein by reference. Forward-looking statements may be identified but not limited 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. We undertake no obligation to revise or update publicly any forward-looking statements for any reason.
SOURCE: Vivakor, Inc.