SOURCE: EGPI Firecreek, Inc.

August 27, 2010 08:30 ET

EGPI Firecreek, Inc. Obtains Exclusive Rights to Acquire Terra Telecom, Inc.

Companies Agree to Non-Solicitation Agreement While in Negotiations

SCOTTSDALE, AZ--(Marketwire - August 27, 2010) -   EGPI Firecreek, Inc. (OTCBB: EFIR) is pleased to announce that it has secured exclusive rights in order to negotiate the acquisition of Terra Telecom, LLC, (referred as "Terra").

As previously announced, M3 Lighting, a wholly owned subsidiary of EGPI Firecreek, Inc. recently secured a 10 million dollar purchase order from the 30 year old telecommunications company for existing and new customers, furnishing equipment, implementation services, and on-going maintenance and support services.

Terra Telecom, a premier Alcatel-Lucent partner, is a leading provider of state-of-the-art communication technologies efficiently serving all sized companies and organizations that use and deploy communications systems, service, sales, and training while consolidating and optimizing the end user experience, providing customers value and integrity in each of these opportunities. Through Terra Telecom's sophisticated technologies and managed services, customers throughout the United States and 22 countries can do business at the highest level of efficiency for today's fast-paced global economy. Terra is able to deliver quality deployments due to their quality management system and TL9001 certification.

Terra Telecom also works with the United Nations delivering Alcatel voice products to several countries and the Texas Dept. of Transportation, which will bring significant opportunities to EGPI through various ITS/DOT opportunities with Alcatel products.

Dennis Alexander, EGPI's CEO, stated, "Our decision to obtain exclusive rights and enter into negotiations to acquire Terra Telecom has been based upon their strategic relationships with several large, well known telecommunication companies coupled with 30 years of progressive growth, positive revenue streams and synergistic qualities with technologies and opportunities that will enhance our operations." He also stated, "We are currently working towards a binding Letter of Intent and expect to complete our negotiations over the next several days."

About Terra Telecom

Terra is an industry leader in value creation for each of their clients and stakeholders. Terra's enterprise business has experienced exponential sales volume and revenue growth since January 2005 with year to year revenue growth averaging 46.6% over 2005, 2006 and 2007. The revenue growth fueled by increases in the volume and scope of jobs created the need for significant infrastructure growth. In 2006 Terra relocated its company headquarters to a modern, 25,000 square foot facility in Tulsa, Oklahoma. This facility provides the Company the space to continue growth and the ability to manage operations throughout the nation.

For more information on Terra Telecom, please go to: http://www.terratele.com

About EGPI Firecreek, Inc.

EGPI Firecreek, Inc.'s business and acquisition strategy is focused on both the vertical integration of enterprises serving the DOT Construction and Intelligent Traffic System markets through South Atlantic Traffic, Inc. (SATCO) alongside its wholly owned subsidiary M3 Lighting, Inc. (M3), and on oil and gas production with an emphasis on acquiring existing fields with proven reserves, the rehabilitation of potentially high throughput oilfields, resource properties and inventories, through its wholly owned subsidiary Energy Producers, Inc. (Energy Producers) and for oil and gas servicing business through its wholly owned subsidiary Chanwest Resources, LLC (CWR). EGPI Firecreek, Inc. is also looking to expand into alternative energy sources as well as industries in the energy field. Other companies in the oil sector include Exxon Mobil, Pantina Oil and Gas Inc., Frontier Oil Inc. and Cabot Oil & Gas Inc.

Safe Harbor
This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of EGPI Firecreek, Inc., its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond EGPI Firecreek Inc.'s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in EGPI Firecreek, Inc.'s filings with the Securities and Exchange Commission.

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