/EINPresswire.com/ -- LAS VEGAS, NV--(Marketwired - August 17, 2017) - Vivakor Inc. (OTC PINK: VIVK) announces that the company has created a division for developing and acquiring fractional ownership interest in producing oil wells within the United States. VivaVentures Exploration will acquire working interest in near term operating wells focused in certain areas of the Western States to start and then expand such acquisitions as management deems advantageous. Such fractional ownership will extend across multiple wells enabling diversification of the investment. Additionally, the VivaVentures Exploration division will be procuring shallow wells that other Vivakor technologies may be applied to increase well productivity significantly.

CEO Matt Nicosia stated, "The creation of this exploration division enables the company to procure natural resource assets that are diverse of our existing operations. When our technologies are applied to such resources it can result in a tremendous increase in the value of our assets. This new division will focus on asset acquisition to further enhance our balance sheet while creating great opportunities for better utilization of the Company's technologies. Vivakor's focus is on continually increasing asset value through its exclusive metals and hydrocarbon extraction technologies."

Vivakor, Inc. procures and develops revenue producing assets around the world. These holdings include intellectual properties that are proprietary and largely disruptive while centered principally in the natural resources sector. Vivakor is an asset acquisition company focused specifically on energy related projects across the globe, its patented, oil extraction technology and methodology operates in Utah. Unique to the Company is a mobile rapid deployment, global capability for remediation and reclamation of contaminated soil created generally due to oil.

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FORWARD-LOOKING STATEMENTS

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.