CORALVILLE, Iowa, July 12, 2010 (GLOBE NEWSWIRE) -- Vivakor, Inc. (OTCBB:VIVK) announced that it has expanded United States distribution of its VivaThermic vials. A listing of Authorized Distributors of VivaThermic vials is available at www.vivathermic.com/distributors. Speaking of its growing network authorized distributors, Dr. Tannin Fuja, Vivakor's CEO and Chief Scientific Officer, said, "We are proud of the strong group of premier distributors we work with to accelerate the delivery of Vivakor technologies to markets throughout the world to our customers who have come to expect the high quality of Vivakor's superior products."
Matt Nicosia, Executive Chairman of Vivakor, explained, "Management's efforts to commercialize Vivakor Technology and execute its business model are shown by our growing distribution channels. The company continues to seek out the very best commercialization partners to take Vivakor Technology to market. This is our mission and proof of management's vision is in the execution of such commercialization."
Additionally, VivaThermic technologies are being marketed as the best bio-consumable container for biological and stem cell related reagents which must be stored in temperature controlled environments. This announcement continues upon Vivakor's recently released revenue projections for its VivaThermic division estimated at $20 million annually.
About Vivakor, Inc.
Vivakor™ is a biomedical/biotechnology company with transdisciplinary research that develops and acquires products in the fields of molecular medicine, electro-optics, biological handling and natural and formulary compounds that extend or improve life. More information can be found about Vivakor at 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.