IRVINE, CA--(Marketwire - March 07, 2013) - Vivakor Inc. (PINKSHEETS: [ VIVK ]) announces thatthe principal and interest on allconvertible debt disclosed on theCompany's financials has been paid offin fullin cash, without the issuance of any additional shares of common stock.As a result, the Company has no further convertible debtthat would allow debt holders to convert atadiscount tothemarketprice of the Company's common stock.The Company has been making substantial efforts to improve its balance sheet and to prevent further dilution to existing shareholders.Matt Nicosia, CEO of the Company, stated, "We have been making great progress on two fronts -- implementing the Company's business strategy and repositioning the Company's balance sheet to strengthen its market position.Repayment of the convertible debt prevents free trading shares from coming into the market at discounted prices, a risk for new investors.We expect this to be a real benefit to shareholders in the future."

About Vivakor, Inc.

Vivakor, Inc. is a asset acquisition company that develops and acquires assets that generate revenue currently or in the near term. The Company acquires technologies and assets in the fields of precious minerals, biotechnology, and alternative energy.We have several mineral assets that have great value and both create a cash flow and a long term revenue stream for the Company.We have effectively acquired positions in other Green Energy companies.We have several operating assets that produce revenues and cash flow to the company. Our business model is to acquire cash-flowing or near term cash-flowingmineral and or technology assets that an identified need or a substantial market opportunity with a significant market.For more information please visit [ 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.

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