IRVINE, Calif., Nov. 9, 2010 (GLOBE NEWSWIRE) -- Vivakor, Inc. (OTCBB:VIVK) announced today that the Company has filed an application with FINRA for the distribution of the previously announced stock distribution of Regeneca International Inc. Subject to FINRA approval, the dividend record date is expected to be November 22nd, 2010 with an expected distribution date of December 2nd, 2010. Chairman Matt Nicosia added the following statement, "The Company has made great strides and has been able to finalize documentation necessary to complete the application for the Regeneca International Inc. stock dividend and looks forward to completing the transaction. Management is making steps toward rebuilding investor confidence in its plan and this stock dividend distribution is one step forward in the new direction Vivakor plans to tread."
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.
About Regeneca International Inc.
Regeneca™ International, Inc. was formed to create and commercialize products that help you improve your health, battle the signs and symptoms of aging and to assist you to "regenerate your life" through our family of phytochemical infused, as well as botanical and organic based, products and our all herbal male erectile stimulator RejoissNOW! We do this while drawing our products from the earth in an ethical strategy which emphasizes re-growth, reforestation and recycling. This is our "Whole Earth Whole Body Approach to Health". More information can be found about Regeneca International Inc. at www.regeneca.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.