EGPI Firecreek, Inc. Subsidiary Terra Telecom Sees Strong Growth in Fourth Quarter
Terra Sees Record 275% Increase in Revenues from 3rd to 4th Quarter
SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- EGPI Firecreek, Inc. (OTCBB: EFIR) is pleased to report that its wholly owned subsidiary Terra Telecom, Inc. (“Terra”) has experienced outstanding results since the acquisition took place between the two companies in the third quarter of this year.
Since October 1, 2010, Terra Telecom has been working under the umbrella of its new parent company EGPI Firecreek, Inc. and early results have been outstanding. The preconceived synergies between the two companies have already proven to be successful. Since 1980, Terra has had a proven ability to service and support its large and diverse customer base globally, while management at Firecreek has a proven track record in raising capital to support the growth that Terra is capable of.
In the first two and a half months since the acquisition, Terra has seen a 275% increase in revenues over third quarter numbers with two weeks left in the year. Overall, Terra’s fourth quarter has been their strongest quarter of the year with November showing the second largest month of booked business and December shaping up to be the largest sales month in 2010.
With large and notable new customer awards from College Bound Networks and Trumpf Medical, Terra is truly honored by the customer support they have received. Overall, Terra has experienced a significant increase in new contract sales since the merger with EGPI Firecreek and expects some additional strategic wins to produce outstanding sales figures to close out this year.
Early forecast for January 2011 is already in and is predicted to be the best January in Terra’s history.
Dennis Alexander, EGPI Firecreek CEO, stated, “Terra Telecom has proven to be one of the most significant acquisitions for EGPI Firecreek in 2010. Early indications are extremely positive and we expect exponential growth to occur as we continue to subsidize capital to fuel their new contract sales.”
About Terra Telecom
Terra is an industry leader in value creation for each of their clients and stakeholders. Terra’s enterprise business has experienced exponential sales volume and revenue growth since January 2005 with year-to-year revenue growth averaging 46.6% over 2005, 2006 and 2007. The revenue growth fueled by increases in the volume and scope of jobs created the need for significant infrastructure growth. In 2006 Terra relocated its company headquarters to a modern, 25,000-square-foot facility in Tulsa, Oklahoma. This facility provides the Company the space to continue growth and the ability to manage operations throughout the nation.
Terra Telecom also works with the United Nations delivering voice products to several countries and the Texas Deptartment of Transportation, which will bring significant opportunities to EGPI through various ITS/DOT opportunities.
For more information on Terra Telecom, please go to:
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 (CWR). 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.
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.
CONTACT:
EGPI Firecreek, Inc.
Public Relations and Shareholder Information
Joe Vazquez, 754-204-4549
infinityglobalconsulting@gmail.com
KEYWORDS: United States North America Arizona Oklahoma
INDUSTRY KEYWORDS: Energy Oil/Gas Technology Telecommunications
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