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EGPI Firecreek Evaluates Possible Acquisition

July 1, 2009 (FinancialWire) — EGPI Firecreek, Inc. (OTCBB: EFIR) has completed its initial evaluation of an anticipated acquisition and turn-key work program for a 50% working interest in a program consisting of three existing wells, associated lease acreage and equipment.

Whitt Oil and Gas, Inc., has offered a 50% working interest for participation in the rehabilitation of three existing wells on a turn key basis, and the rights for the drilling of up to four Barnett Shale wells on one of the leases. The three existing wells are proved, previously producing wells, which only need rehabilitation work in order to restore production. Additionally, the evaluation shows that there are other potential oil producing formations in each of the wells. The leases are located in Shackelford and Haskell counties, Texas. Now that the initial evaluation has been completed, EGPI anticipates the completion of this acquisition for the three well program to occur within the next 30-45 days.

Dennis Alexander, CEO and president stated, “From our recent merger with M3 Lighting, Inc., we believe we are making progress in diversifying our business model by strategically acquiring business endeavors with companies that have substantiated operations and revenue streams.” He also stated, “We are now looking forward to the rebuilding and deployment of our oil and gas operations which shall commence with a new series of targeted acquisitions starting with the Whitt three well turn-key work program.”

The acquisition of the Whitt Oil and Gas, Inc. three well oil program, its working interest, lease acreage and equipment is subject to board of directors and other third party, financial, and regulatory approvals.

EGPI Firecreek, Inc. is historically focused on oil production with an emphasis on acquiring existing oil fields with proven reserves, the rehabilitation of potentially high throughput oilfields, resource properties and inventories on an international basis.

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