Published: February 04, 2011
EGPI Firecreek, Inc. Completes Acquisition of Arctic Solar Engineering, LLC
SCOTTSDALE, Ariz. - (BUSINESS WIRE) - EGPI Firecreek, Inc. (OTCBB: EFIR) is pleased to announce they have
finalized and completed the acquisition of St. Louis, MO. based Arctic
Solar Engineering, LLC. ("ASE" ).
Arctic Solar Engineering, LLC, is an integrator of Solar Thermal Energy
technology. Solar Thermal Energy ("STE" ) is the most efficient and
economical method of capturing and using renewable thermal energy
created by the sun every day of the year. The solar collectors that are
used capture all visible and non-visible wave lengths of sun light and
covert the light into energy at a 90% efficiency. Energy created by
ASE's STE Systems store that energy in water (or other similarly
inexpensive storage mediums) and then use that energy in its direct form
to heat water, heat space and cool spaces. According to the US
Department of Energy, this accounts for 70% of all energy used in
commercial and residential structures in the United States.
ASE's Solar Thermal Energy Systems have little to no local competitors
and competition is very limited on a national basis. Currently, the
market demand for renewable energy is growing at a dramatic rate, while
ASE's payback is typically faster from the energy produced by their
system. The ASE Solar Thermal Energy System typically saves customers on
a scale of 10:1 or greater.
Dennis Alexander, EGPI Firecreek CEO, stated, "We are extremely happy to
be adding Arctic Solar to our newly established alternative energy
division. With current projects in hand and significant pending projects
currently in our pipeline, we are confident that our expertise and
abilities combined with Arctic's technologies, will enable us to
establish a strong presence in the industry within a very short period
of time." He also stated, "We look forward to keeping our shareholders
abreast of relevant news that will be forthcoming within the next
several weeks."
Detailed information in regards to the acquisition of Arctic Solar will
be made available in the Company's 8-K, 10-Q and 10-K filings with the
SEC.
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
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