SOURCE: EGPI Firecreek, Inc.

September 28, 2010 07:30 ET

EGPI Firecreek, Inc. Secures 50 Million Dollar Equity Line Facility

Equity Line Facility to Supplement Further Growth for Company

SCOTTSDALE, AZ--(Marketwire - September 28, 2010) -  EGPI Firecreek, Inc. (OTCBB: EFIR) is pleased to announce the Company has secured a 50 million dollar equity line facility with Boston, MA based, Dutchess Opportunity Fund II, LP. The equity line facility is free of any upfront costs and will be utilized at the sole discretion of the Company.

Funds from the equity line facility will be used to supplement acquisitions, working capital, finance projects already in hand, and help facilitate the fulfillment of back logged orders in several of the Company's subsidiaries.

Dennis Alexander, CEO and Chairman of EFIR, stated, "The securing of this equity line will enable us to realize the benefits of the growth we have been experiencing over the last 12 months. As with any young company that has been experiencing exponential growth, working capital is the life blood for the success of its operations. We will now have the ability to execute critical parts of our business strategy which we expect will further enhance our business model." He also stated, "We have dealt with Dutchess several times over the past six years and chose them because we feel they are a market leader in equity line facilities."

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.

About Dutchess Capital

Dutchess Capital is an investment manager which provides creative financing for promising, growth-stage companies. Founded in 2000, funds managed by Dutchess have made over $200 million in direct investments in companies throughout North America, Europe and Asia.

For almost a decade, Dutchess has been a global leader in Equity Line ("ELOC") investments and has transacted in excess of $1.6 billion in such financings. The ELOC is a flexible financing structure by which publicly traded companies can raise capital quickly and efficiently than most traditional offerings.

For more information, visit: www.dutchessopportunity.com, a fund managed by www.dutchesscapital.com

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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