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EGPI Firecreek Signs LOI To Acquire South Atlantic Traffic

August 31, 2009 (FinancialWire) — EGPI Firecreek, Inc. (OTCBB: EFIR) has signed a binding letter of intent to acquire privately owned South Atlantic Traffic Corp. (SATCO), a Florida corporation.

SATCO has been in business since 2001 and has several offices throughout the Southeast United States. They carry a variety of products and inventory geared primarily towards the transportation industry, which reportedly generate nearly $15 million in annual revenues. SATCO’s products range from traffic signal equipment, traffic and light poles, data/video systems and ITS surveillance systems. This acquisition will vertically integrate with the company’s recently acquired M3 Unit and will help accelerate future anticipated growth.

As previously reported, M3 was acquired by EGPI through its subsidiary and is a manufacturer and distributor of commercial and decorative lighting to the trade and to direct retailers. M3 specializes in the areas of lighting industry sales, design, product development, sourcing, manufacturing, contracting and capital markets.

M3 has been aggressively pursuing acquisitions in the DOT construction industry on Federal and State levels in order to expand its sales for lighting, guardrail, cameras, traffic management/signalization, utility moves, variable message boards and other non-road construction opportunities, as well as its pursuit of light and traffic fixture manufacturing plants both domestically and abroad in China and India.

Dennis Alexander, CEO of EGPI, stated, “We are extremely pleased with the prospects of adding South Atlantic Traffic Corp. alongside our M3 Lighting unit. The diversification and synergy of this acquisition will help enhance the objectives set forth in our business plan and should accelerate our ability to meet demands that will be expected of us once we begin the procurement of government contracts.”

Robert Miller, executive vice president of M3 Lighting, Inc., stated “M3 Lighting is pleased to have the opportunity to collaborate with South Atlantic Traffic Corp. with the ambition of expanding their footprint in the Southeast through our industry experience and reputation.”

Bob Joyner, CEO of South Atlantic Traffic Corp., stated, “We are excited about our pending relationship with EGPI Firecreek, Inc. Our experienced staff has been servicing DOT agencies, contractors and cities in the South for over 20 years. We have offices in Florida, North Carolina, and Texas and we are optimistic about the growth of the transportation industry in this dynamic region. This acquisition will enable South Atlantic Traffic company to expand operations and immediately target Stimulus funds projects.”

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