VIKING ENERGY GROUP, INC
DIVERSIFIED ENERGY COMPANY
MEDICAL WASTE $8.6 BILL INDUSTRY
STRONG BALANCE SHEET
These shares hit a yearly high of $3.78 earlier this year before consolidating to current levels. A solid base has been established at the 50 day M/A of $0.67 cents. Average daily volume for the 50 day is 81,391. Watch for an increase in volume and a test of the $1.00 level, signifying a BREAKOUT to the upside.
As of Sept 30, 2021 this company had significant cash reserves of almost $6 million with total assets of $125 million . Oil and gas revenues exceeded $9 million for the quarter. FINANCIALS
All serious investors should watch these shares carefully going forward and place VKIN on their BUY LIST
Viking Closes Joint Venture Re: Medical & Bio-Hazard Waste Treatment Technology
HOUSTON, TX / ACCESSWIRE / January 24, 2022 / Viking Energy Group, Inc. (OTCQB:VKIN) (“Viking” or the “Company“) is pleased to announce it acquired on January 18, 2022 a 51% interest in an entity that owns the intellectual property rights to a fully developed, patent pending, ready-for-market proprietary Medical & Bio-Hazard Waste Treatment system using Ozone Technology (the “Ozone System“). The purchase price for the acquired interest was $5,000,000 worth of shares of Viking common stock payable as follows: (i) $2,000,000 at closing; (ii) $2,000,000 after product revenues reach $10,000,000; and (iii) $1,000,000 after product revenues reach $20,000,000.
James Doris, President and Chief Executive Officer of Viking, commented, “We are extremely pleased to continue our strategy to acquire ready-to-market products that demonstrate our commitment to innovation, sustainable technologies and carbon footprint reduction. The medical waste treatment industry is more than $20 billion annually and growing rapidly. Proper treatment and disposal, however, of medical and bio-hazard waste has come under heightened scrutiny during these globally trying times. The industry has had limited innovation for decades. Treating biohazardous waste using ozone is the safest, most environmentally sustainable and cost-effective technology for medical waste compared to all existing alternatives. Ozone has been in use as a sterilizing agent for over 100 years with a proven operational safety and efficacy record. And finally, we are in discussions with customers in the United States and abroad with regarding the potential utilization of the technology at several locations”.
This advancement in waste treatment technology is a sustainable alternative to incineration, chemical, autoclave and heat treatment of bio-hazardous waste. The OZONE technology fine shreds the raw waste in a controlled ozone environment as the first step in the waste processing treatment. The waste is reduced in volume by up to 90% and is no longer recognizable or retrievable, eliminating HIPPA violations. The treated waste is classified as renewable fuel for waste-to-energy (WTE) facilities in many locations around the world. OZONE is effective to kill all known pathogens including bacteria, fungi, and viruses.
The OZONE biohazardous waste treatment technology extracts oxygen from the ambient air and converts it to ozone using plasma ozone generators. This ozone is used to treat biohazardous waste in a very safe and controlled manner. The processing and treatment of the waste is done at room temperature, no steam or heat is required, and no by-products are produced from this system. After the treatment, any residual ozone is automatically converted back into oxygen, resulting in “zero” emissions.
The Ozone System is designed to assist with critical waste needs of a variety of institutions or organizations, including:
|Border Crossing Facilities
|Cruise Ships and Vessels
|Resorts and Hotels
|Transfer Stations MSW
|Airports & Terminals
Additional details regarding the proposed transaction were included in, and the description above is qualified in its entirety by reference to, Viking’s Current Report on Form 8-K filed with the Securities and Exchange Commission (“SEC”) on January 24, 2022, and is available under “investors” – “SEC filings” at www.vikingenergygroup.com.
Based in Houston, Texas, Viking Energy Group, Inc. is a growth-oriented diversified energy company. Through various majority-owned subsidiaries, Viking provides custom energy & power solutions to commercial and industrial clients in North America and owns interests in oil and natural gas assets in the United States. The company also holds an exclusive license in Canada to a patented carbon-capture system. For more information, please visit the company’s website at www.vikingenergygroup.com.
Global Medical Waste Management Market Anticipated to Reach $8.68 Billion by 2025
Palm Beach, FL – January 25, 2022 – FinancialNewsMedia.com News Commentary – Medical waste is a waste that contains infectious material. Medical waste generally generated by healthcare organizations like hospitals, laboratories, research institutes, and others. Medical waste is typically infectious, contain toxic chemicals, and pose contamination risks to both people and the environment.
Medical waste management refers to the particular processing of waste materials generated by the healthcare industry. The growing population across the globe is expanding the number of patients, resulting in the rising volume of medicinal waste. Besides, the increasing prevalence of diseases such as cancer & other chronic disorders and increasing geriatric population result in higher demand for these propelled medical solutions.
According to a report from Report Ocean projected that the global Medical Waste Management Market anticipated to reach USD 8,681 Million by 2025 with a significant CAGR of 5.3% in the forecast period of 2015-2025. The report said that: “…owing to increasing investments trend by public and private organizations. The prominent trends, such as rising technological innovations and awareness among people regarding the disposal of medical waste and safety from harmful medical trash, are the major trend driving the market growth. The expanding number of initiatives by the government authorities is driving the medical waste management market.
Commercial accessibility of advanced medical solutions integration with expanding patient pool is producing a large amount of waste and byproducts. Growth of the overall medical and healthcare industry is triggering the demand for medical waste management systems in the coming years.” Active companies in the markets today include: Viking Energy Group, Inc. (OTCQB: VKIN), Stericycle, Inc. (NASDAQ: SRCL), Tetra Tech, Inc . (NASDAQ: TTEK), Waste Management, Inc . (NYSE: WM), Republic Services, Inc. (NYSE: RSG).
Report Ocean concluded: “It Incineration is the most widely and highly preferred method used for medical waste management. Incineration converts the waste material into the flue gas, heat and ash. The ash contains inorganic waste component can be in the shape of solid lumps, and the heat produced is used for electricity production, which is one of the lucrative advantages of incineration method. Additionally, the expansion in technological advancements and the rising generation of excess medical waste over the globe are anticipated to propel the growth of the medical waste management market through 2025.”
Forward Looking Statements
This news release contains forward-looking statements and information under applicable securities laws. All statements, other than statements of historical fact, are forward looking. Forward-looking statements are frequently identified by such words as ‘may’, ‘will’, ‘plan’, ‘expect’, ‘believe’, ‘anticipate’, ‘estimate’, ‘intend’ and similar words referring to future events and results. Such statements and information are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, the risks of obtaining necessary approvals, licenses and permits and the availability of financing, as described in more detail in the Company’s securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and the reader is cautioned against placing undue reliance thereon. Forward-looking information speaks only as of the date on which it is provided and the Company assumes no obligation to revise or update these forward-looking statements except as required by applicable law.
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