CORALVILLE, Iowa, March 16, 2010 (GLOBE NEWSWIRE) -- Vivakor, Inc. (OTCBB:VIVK) today announced, ahead of its annual report on form 10K to be filed with the SEC, that, during the fourth quarter 2009 through the current date in the first quarter 2010, the Company has reduced its long and short term debts by an additional $412,000 by converting those debts to equity. These conversions of debts to equity are in addition to the conversion of approximately $1,016,000 in debt converted to equity as previously reported through the third quarter 2009, for aggregate conversions of approximately $1,428,000. These substantial debt reductions through conversions to equity equate to more than 21% of the Company’s total current market value.
