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In 2014, Empath generated revenues of $500,000 and projects to generate approximately $1.3 million in revenues for 2015.
There's only been two(?)
Thank you for the info.
NEWS: EGPI Firecreek, Inc. Signs LOI to Acquire Empath Towers LLC
http://www.marketwired.com/press-release/egpi-firecreek-inc-signs-loi-to-acquire-empath-towers-llc-otc-pink-efir-2007607.htm
April 08, 2015 08:30 ET
EGPI Firecreek, Inc. Signs LOI to Acquire Empath Towers LLC
EGPI Firecreek to Initiate New Business Model as a Holding Company
SCOTTSDALE, AZ--(Marketwired - Apr 8, 2015) - EGPI Firecreek, Inc. (OTC PINK: EFIR) (the "Company") is pleased to announce the signing of a Letter of Intent to acquire broadband and cellular tower industry experts Empath Towers LLC. (referred to as "Empath").
Founded in August, 2013, Empath Towers is a contract staffing business specializing in the broadband cable and cellular tower industry. In 2014, Empath generated revenues of $500,000 and projects to generate approximately $1.3 million in revenues for 2015.
While most work through Empath is subcontracted, there are opportunities for growth through internal crews which will then require capital expenditures (vehicle lease, trailer and tools). Growth is based on forecasted demand but not paid until and unless working. Thus, receivables build very quickly to support and cover cash usage, minimizing cash flow re-investment risk.
Empath Towers currently has customer contracts in place with the largest tower owners in the U.S., as well as several of the largest public and private general contractors and systems integrators serving the cell tower industry.
Empath is also quickly gaining a reputation as a high quality, high performance organization that consistently meets and exceeds customer expectations. This is resulting in increased requests and demands for services from Empath.
Empath is currently in discussions with several additional major system integrators regarding Empath's abilities in providing tower services. Further, as Empath Towers grows, they will be able to secure work directly from the carriers, which will increase billable revenues per project.
Growth Strategies include the expansion of line and antennae work, tower modifications in partnership with construction companies (up to 90% of all towers in the US are structurally inadequate), international line and antennae projects, tower painting and site acquisitions.
The market for Empath Tower services is significant and has been showing continued exponential growth. According to a 2013 industry report by Information Age Economics mobile broadband investments will average between $34-$36 billion per year from 2014 to 2017 ($1.2 Trillion cumulative) and will increase GDP in 2017 by 1.6% - 2.2% while generating up to 1.3 million new jobs.
Over 28,000 of these jobs will be directly attributable to the investment and build-out of wireless broadband infrastructures, which is driven by market demand for 100% wireless broadband availability, and driven by market and consumer demand for services that are continuously being developed and are fully dependent on this technology.
Mr. Fred Sussman, Empath Towers LLC, CEO, is a proven entrepreneur and business developer who has developed several businesses from concept to operation and sale. He is a hands-on manager with a history of building and leading strong management teams and comes with extensive experience in staffing, service and technology industry companies.
Dennis Alexander, EGPI's CEO, stated, "We are extremely pleased to announce the new strategic direction that EGPI Firecreek is moving towards as a Holding Corporation. The acquisition of Empath Towers will be an intricate part of the development of our company as a well-diversified operation capable of generating revenue streams in multiple high growth industries." He also stated, "We are now working diligently on becoming current with all of our SEC listing requirements and plan to move expeditiously towards the completion of this acquisition."
Fred Sussman, Empath Towers LLC, CEO, stated, "We look forward to being a part of the EGPI Firecreek organization. Our relationship with EGPI Firecreek via this acquisition will help to provide us the proper capitalization needed to grow revenues both organically and through acquisitions. This essentially will allow us to build Empath into a leader in the cell tower services industry, as consumer demand for mobile services continues to show insatiable growth. We are confident that Empath will soon be positioned to be an integral part of satisfying that demand."
This Letter of Intent is set to specific terms and conditions which both parties have agreed to in principle. Both parties desire to move in an expeditious manner in order to facilitate a Definitive Agreement and will allocate the time necessary in order to complete this acquisition in a timely manner. The Company expects to complete this transaction within the next 60 days. Completion is subject to the satisfaction or waiver of a number of conditions, including a satisfactory resolution of the creditors for EGPI Firecreek, an approval by the Board of Directors and receipt of all necessary requisite third party approvals.
About EGPI Firecreek, Inc.
EGPI Firecreek, Inc.'s business and acquisition strategy is focused in 2015 on building a diversified strategy initiated by commencement of activities in the Broadband sector, including line, antenna, and tower modification. The Company, through its wholly owned subsidiary Energy Producers, Inc., historically is focused on oil and gas with emphasis on acquiring existing fields with proven reserves or by the rehabilitation and enhancement of oilfields with potentially strong attributes for revenue and asset growth. The Company plans on continuing to seek out additional revenue producing businesses with strong growth potential to acquire as they look to diversify their interests over a broad base.
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.
CONTACT INFORMATION
CONTACT:
Public Relations and Shareholder Information
Joseph Vazquez
Phone: (754) 204-4549
Email: infinityglobalconsulting@gmail.com
Just got to allow this to sink in. This is the first news for EFIR in over a year, lol.
About EmPath Towers:
http://empathtowers.com/
EFIR Update (4/6/15):
Ok, so I just spoke with Joe with Investor Relations for EFIR.
I can confirm that news will be out soon. Now guys/gals, I know we've heard that many many times, but I know for a fact (mostly because of my dealings with jdwintx outside of IHub), that Dennis is working hard to get all his companies in working order and EFIR is on that list.
We should expect to see something this week and then continue for the weeks to come. We should also expect to see an 8-K filing again.
I can say one thing - Timing Is Everything.
Oh, I've spoken to Joe many, many times, just not in the last few weeks. I kinda gave up hope on EFIR.
I gave Joe a call earlier today, but there wasn't an answer. I will call him again soon today.
nit2win -
I haven't spoken to IR in weeks and I have no idea about any news.
Sorry, mate.
Why has this company been called a "scam"?
I'm not getting in this as I don't have the funds at the moment, but all the DD I've done for ZN/Zion Oil & Gas has shown ZN to be legit. However, I do admit that my DD for ZN is and has been limited. Doing more due diligence still yet.
I don't think EFIR could reach .25 pennies with its current share structure, lol.
Would be nice, however...
I have yet to hear back from JD, but sent him an email yesterday. If I hear from him, and if he allows me to, I will share any news I receive. Since his brother had the heart attack, I am not sure if he (JD) has done any DD. But again, I sent him an email yesterday and included the BOI news crude_dude posted on this message board in the email I sent to JD.
This needs to go to a penny so I can make 100 grand... lol
Please pray and keep your thoughts with jdwintx and his family. He sent this to me via email on April 1st, 2015. Not sure why I didn't post this that day, but I am now for all of if you're wonder where JD is.
...I received information that my older brother Michael in Iowa suffered a severe heart attack. He's in a medically induced Coma, in critical condition, but out of surgery and stable at the moment.
Absolutely No Shareholder Confidence.
VERY long time.... =/
To answer your question in the PM -
No, I do not think EFIR will go to MJ, but to a holdings company like Joe told me. Whether they will be a holdings company for a MJ company, who knows.
I am happy, however, that Dennis is moving forward.
Three acquisitions were supposed to be finalized by today (4/1/15), no news so far....disappointing.
If he does split, I hope I can at least sell my 10 million at .0001 first.
Btw, that website isn't mine.
EFIR goes from Stop sign to Yield on OTC Markets site....
http://www.otcmarkets.com/stock/EFIR/quote
Regardless of what this brings, this IS a positive move because instead of a NO information Pink, it is now a 'LIMITED' information Pink.
FYI -
Doozi Entertainment Inc offers digital media and mobile solutions. The company develops enterprise mobile applications on different mobile platforms. The company is based in the United States. As of March 3, 2015, Doozi Entertainment Inc operates as a subsidiary of Telecorp, Inc.
No 'new' news in the last week or so. I have no other choice but to remain positive about this stock, so I am hoping that the April 1st deadline for those three acquisitions remains and we hear something tomorrow or this week at the very least.
Well, if they do RS, I hope I can make a grand or two before (if) they do.
I believe the company is legitimate, but not ran or marketed very well. Having said that, I'm no CEO, never have been, so running your own company can't be all that easy imo. I have to believe that Paul is trying the best that he can. I mean, why would he want to hurt his business. I have to believe he has a plan and that he has a purpose for all of this.
Nothing to do or no where to go but up now.
I really thought this thing was worth the investment. I thought I had made a good decision buying this. Still holding out hope...
VFIN on .0003 and VNDM on .0004....
Either way, if this does move north, it won't be much. At least not passed .0004. I hate that I think that, but VNDM hasn't proved otherwise.
Personally, I do not see a R/S happening any time soon. However, as much as I'd like to believe that.....I am no longer sure that won;t happen.. =/
I've tried to send you a few emails, JD, but my server was(is still ?) having issues. I'm not sure if you have received any of them. =/
I received yours (last email), though, and I think the info you sent was very good. Thank you.
I agree about the timing, and while I think GCHI has great potential, I have serious concerns about how they will go about getting GCHI trading. They have made some moves according to the news that was released a few days ago with another holdings company [Smart Ventures]. The news was/is good, but I will hold on to the 'wait and see' approach for this one....
http://www.otcmarkets.com/stock/SMVR/news/SMART-VENTURES-AND-CANNABIS-FUNDING-GROUP-ANNOUNCES-CLOSING-THE-GREEN-FUND-ACQUISITION?id=100414&b=y
AND, in my opinion.....
This is VERY interesting because SMVR is EXPECTING GCHI to trade at $1 pps or more.
The transaction provides for the issuance 40,000,000 common shares of Smart Ventures, Inc. and a convertible promissory note in the amount of $250,000 and $1,000,000 in Cannabis Funding Group, Inc. Limited Partnership Interests to The Green Fund in exchange for the issuance of 1,450,000 common shares @ $1.00 per share for a 9.9% of The Green Fund. The Green Fund will own 10% of The Cannabis Funding Group which is currently raising $10,000,000 for investments in the Cannabis Industry. The transaction is scheduled to close by March 31, 2015.
I have no choice. I'd lose out if I sold.
Yeah, I just seen that. Thanks.
it can go much lower with a RS
A lot of talk on social media about TLNUF/Telecorp? What has been said/or is being said and where (if you don't mind me asking, lol).
ALL IN MY OPINION:
Personally, I think that Telecorp is looking to build the company (Telecorp) up through acquisitions etc. and then sell/merge it with a much larger company - companies 'like' Oracle.
Oh, I am well aware that IR is paid, lol. But Jeff has been very transparent. He confirms things to me he has no idea I've researched on/about.
I can only imagine how upset/disappointed many are here saying that they have lost money (a lot of it). I would be too, I've been there before myself. I have to say, however, that I really do think/believe that Telecorp will be trading much higher. Well, after today, there is no where to go but up, but I'd say this will go back up. I think a penny is very possible. How probable is the question. I think we have a 50/50 chance we see a penny by middle of spring/beginning of summer. 50/50 is much better than 40/60 or 30/70 lol..
You're right, I wasn't. But, I trust Jeff. His company (Heritage) is invested in Telecorp and he assured me that he has great confidence in Telecorp. He wouldn't be invested in TLNUF if he didn't. Jeff and I have talked several times and I believe what he has told me (which I have shared here, on this message board, for the most part)
Jeff is aware of last years mistakes and so was/is Telecorp themselves, hence one of the reasons why Telecorp retained a NEW Investor Relations firm such as Heritage Services. From what I have seen so far, they [Heritage] have done a much better job in helping Telecorp than last years IR firm. All imo.
Right, lol...
Jeff from Investor Relations on behalf of Telecorp said that there would be ABSOLUTELY NO R/S again - This was straight from Paul Phillips, Jeff said. I like Jeff and he has been very up front and honest with me, every time, so I will believe him. However, just as I told Jeff via email, Paul needs to release a PR stating and confirming this.
Here is the email where Jeff echoed what Paul said about any future R/S;
I apologize for the delay in my response, I was waiting for the distribution of today’s Press Release prior to answering your previous email. As stated by Mr. Phillips, "Also to prevent any further dilution and to concentrate on growing our Company, we are seeking capital that is non-toxic; as well as funding partners and communications specialists that are long term supporters of Telecorp…”
After further correspondence with Mr. Phillips, there is no reverse split at all in the Company’s horizon. The management team is confident they will increase the Company’s value with acquisitions and other announced events, without the need of any reverse.
If you have any other questions at all, please don’t hesitate to contact me.
Sincerely,
Jeffrey Staller
President
Heritage Corporate Services, Inc.
Avg down I say. This will eventually make a run, that I have no doubt about. I think we will see a run soon just based, or assumed, on the recent acquisitions being confirmed soon.
Heh...interesting....