EGPI Firecreek Inc (EFIR)

[Loonley Tunes]

From the today's news

(Link: http://www.marketwatch.com/story/egpi-firecreek-in-final-stages-of-definitive-agreement-to-acquire-caddo-international-2010-07-12?reflink=MW_news_stmp )

"... Caddo International has been in business for over 40 years as a production and service company, utilizing their own equipment and pulling units in order to provide oilfield services. The company produces revenues of approximately $2,400,000 per year with a positive net income, and assets of approximately 6 million dollars.

Negotiations for the structure of the Definitive Agreement, as well as, due diligence for the acquisition, have been ongoing and are now nearing completion. EGPI Firecreek anticipates finalizing the Definitive Agreement within the next 7-10 business days.

Dennis Alexander, EGPI's President, stated, "We are extremely happy to have created a great working relationship with Caddo International and its board of directors. A tremendous effort has been made on both sides in order to expedite the terms for the acquisition. We are confident that once completed, the acquisition of Caddo International will play a valuable part in the growth of our oil & gas division. ...."

Glta and i really hope that today's news is a start of a long run up.

Loonley Tunes

Before you buy something do a good DD and make your own conclusions. My post express only my oppinion.