EGPI Firecreek Inc (EFIR)

[50 Bagger]

http://finance.yahoo.com/news/EGPI-Firecreek-Inc-and-EViEWS-iw-2104839879.html?x=0&.v=1


Press Release Source: EGPI Firecreek, Inc. On Tuesday July 27, 2010, 10:30 am
SCOTTSDALE, AZ--(Marketwire - 07/27/10) - EGPI Firecreek, Inc. (OTC.BB:EFIR - News) and E-ViEWS Safety System, Inc. ("E-ViEWS") announced today several significant milestones that are expected to expand market opportunities on a domestic and global level.

Siemens AG (which currently trades on the New York Stock Exchange), the global powerhouse in electronics and electrical engineering, operates in the industry, energy and healthcare sectors. They are also Europe's largest engineering conglomerate with over 420,000 employees in 190 countries and have partnered with E-ViEWS in order to integrate the E-ViEWS EVP System with their intersection controller system.

Currently, Siemens AG dominates 60% of the worldwide intersection controller market for intelligent traffic systems (ITS). By Siemens agreeing to partner with E-ViEWS for the integration of the EVP System with their intersection controller system, it will give E-ViEWS unprecedented market leverage as the company seeks to expand domestically and globally.

As previously reported E-ViEWS received approval from Houston Transtar and implemented its first multi-million dollar contract with the 3rd largest county in the U.S., Harris County, Texas for its EVP System.

To date, 28 Texas state intersections and almost 50 street intersections have successfully been installed with the EVP system throughout Harris County. Additionally, E-ViEWS has obtained fiber and wireless connectivity with the installed systems to the Klein Fire Department and Houston TranStar with data collection and remote management operating successfully. The integration between E-ViEWS EVP System and Siemens intersection controller system used by Harris County represents the last major hurdle which will allow for a major role out throughout Harris County and eventually the state of Texas.

Another milestone was reached when the Texas Department of Transportation recently cleared the way and gave approval for E-ViEWS to work with them. This approval is significant for the growth and rollout of the EVP system throughout the entire state of Texas.

Dennis Alexander, EGPI's President, stated, "As I have stated before, our relationship with E-ViEWS represents one of the most potentially significant transactions our Company has done to date. The technology that E-ViEWS owns is without a doubt, the most technology advanced ITS system in the marketplace. The relationship that they are developing with the global powerhouse Siemens AG and what it means to the growth of their company is incredibly exciting to say the very least."

James Davidson, E-ViEWS President and CEO, stated, "Texas has become our platform for success as we prepare for exponential growth in other regions of the North America. We have developed a proven business model that we will put into effect as we progress with plans for an aggressive sales strategy that will initiate in North America with eventual plans to expand internationally." He also stated, "So far the Texas DOT officials have been very impressed with our technology and as one Harris County Fire Chief recently expressed, 'E-ViEWS has a very successful future not only in Texas but nationally.'"

As previously announced, terms of the Stock Purchase Agreement between EGPI Firecreek and E-ViEWS will provide for up to a 51% interest in E-ViEW Safety Systems and exclusive distribution and sales rights in various states. Funding for the transaction has already been initiated and complete details of the transaction will be released with the company's next quarterly filing.

About EGPI Firecreek, Inc.

EGPI Firecreek, Inc.'s business and acquisition strategy is focused on both the vertical integration of enterprises serving the DOT Construction and Intelligent Traffic System markets alongside its wholly owned subsidiary M3, Lighting, Inc. (M3), and on oil and gas production with an emphasis on acquiring existing fields with proven reserves, the rehabilitation of potentially high throughput oilfields, resource properties and inventories, through its wholly owned subsidiary Energy Producers, Inc. (Energy Producers) and the newest Chanwest Resources, Inc. EGPI Firecreek, Inc. is also looking to expand into Alternative energy sources as well as industries in the energy field. Other companies in the oil sector include Exxon Mobil, Pantina Oil and Gas Inc., Frontier Oil Inc. and Cabot Oil & Gas Inc.

About E-ViEWS Safety Systems, Inc.

E-ViEWS, through its network of affiliates, has transitioned from a research and development company, to an emerging growth provider of critical infrastructure technologies, focused on wireless intelligent traffic, traffic safety, dynamic LED signage, and communications systems. E-ViEWS currently owns 7 patents with an additional 6 patents pending giving them an Intelligent Transportation Systems ("ITS") product that is one of the most advanced Intersection Infrastructure Technologies available today. The Company's solutions based approach to solving complex public safety and homeland security problems, enables it to offer "cost-effective solutions" to municipalities, traffic engineers and metropolitan planning organizations worldwide.

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 EPGI 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.