SOURCE: EGPI Firecreek, Inc.

September 29, 2010 07:30 ET

EGPI Firecreek, Inc. Completes Acquisition of Terra Telecom, LLC

Latest Acquisition Brings Considerable Valuation and Credibility to Parent Company

SCOTTSDALE, AZ--(Marketwire - September 29, 2010) -  EGPI Firecreek, Inc. (OTCBB: EFIR) is pleased to announce that it has completed all final documentation for the acquisition of Terra Telecom, LLC ("Terra").

As previously reported, EGPI Firecreek, Inc. signed a binding Letter of Intent to acquire Terra Telecom, LLC. Both companies worked jointly to complete a rather lengthy due diligence process in order to complete the acquisition by month end. Control of Terra and its operations shall take place at the close of business on September 30th.

Terra Telecom is a leading provider of state-of-the-art communication technologies and a premier Alcatel-Lucent partner. They currently serve various sized companies and organizations that use and deploy communications systems, sales, service, and training while consolidating and optimizing the end user experience. Their goal is to provide customers value and integrity in each of these opportunities. Since 1980, Terra has focused on delivering enterprise solutions while leading with voice services and offering full turn-key solutions that consist of voice, data, video and associated applications.

Dennis Alexander, CEO and Chairman of EGPI Firecreek, stated, "With Terra's estimated revenues of 18 million dollars, a positive EBITDA, a long lasting relationship with Lucent-Alcatel, and a very diversified clientele base, we are confident that this latest acquisition will help transition our company into the vision we initiated with the start of our DOT construction division." He also stated, "As we continue to move forward and add value to our core operations, the business model we created will take effect, thereby showing significant progress and growth to our corporate infrastructure."

Wade Clark, Terra Telecom CEO, stated, "We at Terra have worked very hard over the last several years in order to show significant progress and growth to our company. That being said, we are very happy to be working with EGPI Firecreek as one of their subsidiaries, while they continue to show exponential growth with their company. We are confident that the value Terra brings will show over the course of the next several quarters."

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.

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.

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 D.O.T. 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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