IRVINE, Calif., Jan. 3, 2011 (GLOBE NEWSWIRE) -- Vivakor, Inc. (OTCBB:VIVK) released the following shareholder update from management.
The previously announced Regeneca International Inc. stock dividend submission to FINRA is now eligible for completion due to the finalization of the Regeneca International Inc.'s merger that was announced today. Vivakor Inc. was unable to complete the dividend earlier as it would have delayed merger. Due to the legal nature of the transaction, Vivakor's management felt that it is better for Vivakor shareholders to receive a stock dividend of a public company rather than a private one. Finalization of the stock dividend will commence with the transfer agent as the transaction is completed with final FINRA approvals.
Vivakor remains committed to the commercialization of its technologies and continues to work with its distribution partners. Vivakor continues to improve its investor relations capabilities and looks for technologies to acquire that are consistent with our company objective of extending the length and quality of life through detection and prevention.
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 "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". The Company does this while drawing its products from the earth in an ethical strategy which emphasizes re-growth, reforestation and recycling. 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.