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EGPI Firecreek, Inc. Announces Acquisition Targets Financial Update

November 24, 2009 (FinancialWire) — EGPI Firecreek, Inc. (OTCBB: EFIR) released the projected annual revenue and backlog for its existing subsidiary South Atlantic Traffic Company (SATCO) and its two target acquisitions currently under Letters of Intent (LOI). These numbers reflect the companies’ strength and market positions in the D.O.T. lighting, intelligent traffic system and construction industry.

As previously reported, EGPI signed LOI’s with each of the two companies and is currently finalizing its due diligence and documentation phases in order to complete the acquisitions.

The Florida based signalization and lighting company, whose letter of intent was executed on October 5, 2009, has reported an average revenue run rate of $14.3 million, according its audited 2007 & 2008 financial statements, and currently has a sales backlog of an estimated $9 million. The company has worked with many large retailers i.e.; Walmart, Lowes and Home Depot, in addition to several large private development companies. Their experience and reputation has also assisted them with the procurement of several City, County and State funded DOT projects.

The Georgia based electrical construction company, whose letter of intent was executed November 1, 2009 has reported a revenue run rate of $15.6 million, per their 2007 & 2008 certified financial statements, and currently has a sales backlog of $10.1 million. They have developed a credible reputation for outstanding support to customers and customer satisfaction. Today, they are one of the most comprehensive and competitive electrical contractors in the commercial and multifamily market in the Southeast.

These strong financial numbers are an indication of the companies’ ability to operate efficiently in a competitive environment. The data also represents significant opportunity for growth and future capitalization on synergistic opportunities that will present themselves through EFIR’s vertically integrated structure and diverse marketing strategy.

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Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279).

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