What is the meaning of todays news, anyone?
I dont get it? And has this in common with Caddo deal?
"...SCOTTSDALE, AZ -- (MARKET WIRE) -- 07/22/10 -- EGPI Firecreek, Inc. (OTCBB: EFIR) announced today that it has finalized a Definitive Stock Purchase Agreement with E-Views Safety Systems, Inc. (referred as "E-Views") to be operated through its new subsidiary unit EGPI Firecreek Acquisition Company, Inc.
Founded in 1998, E-Views is a leading edge innovator and provider of patented advanced wireless "smart infrastructure" technologies that incorporate intelligent traffic, transit, and light rail systems with messaging and communications that enable municipalities worldwide to provide first responder prioritization, traffic congestion mitigation, emergency evacuation coordination, multi-agency communications interoperability, nuclear/biological/chemical detection and data reporting.
Additionally, the California Institute of Technology ("CalTech") holds an equity position in E-Views. The Technology Affiliates Agreement between E-Views and CalTech/Jet Propulsion Laboratories ("JPL") is designed to commercialize leading-edge space technology focused on public transportation and safety. Currently, CalTech provides extensive resources to E-Views through JPL in the areas of advanced Global Positioning Systems, Bio-Chemical Hazard Sensors, next generation detection and warning technologies for railroad crossings, solar systems for remote equipment on urban roadways, and extreme environment electronics for very hot and cold climates. These technologies can be integrated into future products to provide significant enhancements to public transportation and safety systems and give E-Views a tremendous competitive advantage.
E-Views currently owns 7 patents with an additional 6 patent pendings giving them an Intelligent Transportation Systems ("ITS") product that is one of the most advanced Intersection Infrastructure Technologies available today. In 2006 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. As a result of its success in Texas, E-Views is quickly becoming the standard in ITS Systems for progressive municipalities throughout North America. The company's sales are beginning to enjoy significant growth as initial purchase orders have been received from as far north as Montreal, Canada to Henderson, Nevada.
Dennis Alexander, EGPI's President, stated, "This Agreement has been 12 months in the making and represents potentially one of the most significant transactions our Company has done to date. The technology that E-Views owns is without a doubt, the most technology advanced system in the marketplace. We feel very fortunate to have the opportunity to not only work with their current management team, but also be a part of their continued growth and success."
James Davidson, E-Views President and CEO, stated, "I am very excited about the relationship we have created with EPGI Firecreek, Inc. Their capital infusion will provide working capital needed to support and sustain our immediate growth." He also stated, "Their ITS subsidiaries will also bring unique market synergy, as we both begin to work together, in providing innovative solutions to public safety, as well as, domestic and global transportation challenges."
Terms of the Stock Purchase Agreement will provide for up to a 51% interest in E-View Safety Systems and exclusive distribution and sales rights in various states. ..."
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