EGPI Firecreek Inc (EFIR)

[Loonley Tunes]

Looks like a good news ... but smells like news on Caddo.

Sounds all the same ... " we are near the aquisition" or "the aquisition will be completed before XX date"

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Look at Caddo news from 07/12/2010 .... for now in September the aquisition is still not finished
(link: http://ih.advfn.com/p.php?pid=nmona&article=43563281&symbol=NB^EFIR)

EGPI Firecreek, Inc. (OTCBB: EFIR) announced today that it is in the final stages of a Definitive Agreement to acquire Caddo International, an Oil Service company that currently services the Northwest Louisiana and East Texas regions of the United States.

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."

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And now today Terra news. ... pay attencion if aquisition will really take place before 30 Sept 2010
(Link: http://ih.advfn.com/p.php?pid=nmona&article=44437160&symbol=NB^EFIR)

"As previously reported, EGPI Firecreek, Inc. signed a binding Letter of Intent to acquire Terra Telecom, LLC. Terms for the acquisition have already been set and agreed to by both parties. Although specific terms for the acquisition are not yet available, the acquisition will be cashless, and done in exchange for a series of Preferred shares of EGPI Firecreek stock. Both companies are currently in the final stages of their due diligence process and expect the final transaction to occur at the end of this month on September 30th.

Terra Telecom is a leading provider of state-of-the-art communication technologies and a premier Alcatel-Lucent partner. They currently serve various sized companies and organizations that use and deploy communications systems, sales, service, and training while consolidating and optimizing the end user experience. Their goal is to provide customers value and integrity in each of these opportunities. Since 1980, Terra has focused on delivering enterprise solutions while leading with voice services and offering full turn-key solutions that consist of voice, data, video and associated applications.

Dennis Alexander, CEO and Chairman of EFIR, stated, "We believe that this acquisition will be pivotal to the development of our business
model. Currently, between existing business, backlog orders and the 2.2 million in contracts recently signed within the last 30 days, conservative proforma estimates should bring a revenue stream of approximately 18 million dollars from Terra Telecom."

Wade Clark, Terra Telecom CEO, stated, "We are very pleased to be in the final stages of this acquisition. We expect to bring value with our revenue stream, net income, dynamic management team and extensive clientele, to our new parent company." He also stated, "We also look forward to the synergies between our company, EGPI Firecreek, their subsidiaries, and new business that will be brought to the table."

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I dont want to scare anyone who holds EFIR ... i just want to bring the point of their aquisitions that are imo all in the air and are never concluded. Maybe this time will be diferent. I really hope for those people who belive in them.

Glta to all type of holders. I exit on frday, mybe to early but is ok, i dont want to buy it back.

Loonley Tunes


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