SOURCE: EGPI Firecreek, Inc.

September 27, 2010 08:51 ET

EGPI Firecreek Updates Chanwest Subsidiary Business Progress

Chanwest Acquisition Develops Further Growth for EGPI's Oil & Gas Division

SCOTTSDALE, AZ--(Marketwire - September 27, 2010) -  EGPI Firecreek, Inc. (OTCBB: EFIR) is pleased to report an activity update regarding its wholly owned subsidiary Chanwest Resources, Inc., ("Chanwest") an oil and gas servicing, acquisition and development company currently servicing the Northwest Louisiana and East Texas regions of the United States.

Chanwests' first phase of operations is underway and has already acquired an initial $400,000 to $500,000 in heavy oil and gas trucking and service equipment through the third quarter of operations. Chanwest has also entered into a management agreement with Killian Construction and a lease purchase on equipment with Circle D Trucking. This deployment has initiated EGPI Firecreek's oil and gas division activities with a compliment of assets that will be used for hauling equipment, delivery of rock, spreading of rock, iron ore, dirt and gravel that are used in lease roads, firewalls, tank pads and drill sites.

Services currently available through Chanwest include dig pits for drill mud and drill site preparation, and the clearing and laying of pipeline (gathering systems) for operators. Also, Chanwest can maintain lease roads, set power poles and clean up oilfield spills. They also work with operators or lease owners by contract or purchase orders on major oil fields. Additional services of Chanwest include available rigs with crewing for location application. Key management has over 40 years in the oil and gas industry, including the business of oilfield service and construction. Chanwests' goal is to ramp up operations to approximately 2 million in gross revenues over the next year.

EGPI expects Chanwest to work alongside the Company's oil and gas operations in order to evaluate potential acquisition and development strategies for the production of oil and gas operations, initially working towards rehabilitation targets in the Abeline Texas area.

David Taylor of Chanwest stated, "We are confident that by implementing growth strategies for our key phases of operations, we can build the platform for significant oilfield services operations, in addition to generating future production revenue. We will continue to build a sound foundation and expect our personnel to aggressively work alongside the oil and gas operations of EGPI."

Dennis Alexander, EGPI's CEO stated, "We look forward to experiencing growth with Chanwest and the creation of several strategic alliances, now and in the future, with a collective focus on building a strong independent oil and gas business line."

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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