EGPI Firecreek, Inc. Subsidiary Arctic Solar Engineering, LLC to Initiate Sales and Distribution Channels in Georgia and Colorado
Mar 15, 2011 8:00:00 AM
Copyright Business Wire 2011
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Email story | Discuss on ZenoBank | View more ads SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- EGPI Firecreek, Inc. (OTCBB: EFIR) is pleased to announce that their newest subsidiary Arctic Solar Engineering, LLC. (“ASE”), through their newly formed distribution company SolarUs, plans on initial distribution in the states of Georgia and Colorado.
Upon the imminent completion of their multi-state distribution agreements, ASE plans to focus their sales efforts on Arctic Solar’s commercial solutions, which uses solar thermal energy to pre-heat boilers for commercial and industrial businesses.
A special interest has also been given to the state of Colorado, which offers tremendous state incentives for residential alternative energy solutions. Because of this, the new distributor will focus efforts on Arctic Solar’s residential hot water heater replacement solution. It is anticipated that all distributors will operate under the SolarUs brand name.
Fred Sussman, Arctic Solar Engineering CEO, stated, “We are very excited to initiate our distribution network through the organizations we have identified as distributors for our solar thermal energy solutions. We look forward to working closely with their teams in order to bring this highly efficient technology to the U.S. and International markets.”
As previously announced, EGPI Firecreek, Inc. has initiated plans to consolidate through the sale of certain assets and divisions in order to focus on their Oil & Gas and Alternative Energy divisions. This expansion of distribution channels for their Alternative Energy division meets with the Company’s short term objectives for growth in the energy sector. A special emphasis is also being put on acquisitions and production for their Oil & Gas division.
For more information on SolarUs please see: www.solarustoday.com
About Arctic Solar Engineering, LLC
Arctic Solar Engineering, LLC integrates Solar Thermal Energy technology patented over 30 years ago by Daimler Aerospace in Germany. This technology is used throughout Germany, other parts of Europe, Asia and the Middle East. ASE’s competitive advantage is product knowledge and knowledge of how water based energy systems work and can be successfully implemented to reduce an average building’s energy consumption by up to 70%.
About EGPI Firecreek, Inc.
EGPI Firecreek, Inc.'s business and acquisition strategy is focused on both the vertical integration of enterprises serving the D.O.T. Construction and Intelligent Traffic System markets through South Atlantic Traffic, Inc. (SATCO) 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 for oil and gas servicing business through its wholly owned subsidiary Chanwest Resources, LLC. EGPI Firecreek, Inc. is also looking to expand into alternative energy sources as well as industries in the energy field.
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.
EGPI Firecreek, Inc.
Public Relations and Shareholder Information
Joe Vazquez, 754-204-4549
infinityglobalconsulting@gmail.com
Source: EGPI Firecreek, Inc.
