SOURCE: EGPI Firecreek, Inc.

July 08, 2010 10:38 ET

EGPI Firecreek Acquires Assets of Oil & Gas Service Company Circle D

(Acquisition Expands Oil & Gas Division)

SCOTTSDALE, AZ--(Marketwire - July 8, 2010) -  EGPI Firecreek, Inc. (OTCBB: EFIR) announced today that it is acquiring the assets of Circle D located out of Brownwood, TX, through its wholly owned subsidiary Chanwest Resources, Inc.

This latest acquisition of assets is a proactive and strategic effort in expanding EGPI's oil & gas service division, and is now poised to commence operations in the oilfield construction markets of Northeast Texas and Northwest Louisiana. Chanwest Resources feels this acquisition will provide the Company with steady cash flow from its operations, while becoming a recognized service provider in their geographical region.

Additionally, the Company has also hired David Killian to supervise this operation. Mr. Killian has over 35 years in the trucking and construction industry related to oilfields in this area and is a welcomed addition to EGPI's management team.

The company will now base its operations out of Atlanta, Texas and plans on servicing the Caddo Pine Island gas and oil fields and its surrounding areas. The Company has already been awarded its clearance and DOT numbers for its vehicles and upon new vehicle registrations, will commence operations which will initiate immediate revenue generation.

Dennis Alexander, CEO and Chairman of EGPI, stated, "We are pleased that our oil and gas services division has been successful in adding additional assets and management expertise from this transaction. We look forward to the next steps of our strategic plan for the Gas and Oil Division of the Company."

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 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). 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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