EGPI Firecreek, Inc. announced today that its wholly owned subsidiary, South Atlantic Traffic Corporation (SATCO), has initiated the fulfillment of a million dollar purchase order with South Florida’s largest municipality. The subsidiary offers a comprehensive selection of the finest transportation products available. SATCO works closely with DOT agencies, local traffic engineers, contractors, and consultants to customize high quality traffic control systems.
SATCO will be supplying various traffic lighting materials to be used for a number of municipal and Department of Transportation projects by the municipality. SATCO has been contracted for projects several times over the years by municipalities in Florida and this latest order represents the strength of their relationships with municipalities and the momentum that SATCO is constantly gaining within the industry.
Dennis Alexander, EGPI’s President, stated, “This latest purchase order from our Traffic and Lighting division represents the diversification in revenue streams we initiated last year with the development of our multi-faceted operations. To date, we have successfully initiated revenue streams from both our Oil & Gas and Traffic Lighting divisions.” Mr. Alexander continued, “Although a lot of work still lies ahead of us, we are extremely pleased with our progress and are confident that as each month progresses, our growth will be reflective in our quarterly results.”
EGPI, based in Scottsdale, AZ, has an extensive business strategy where they are not only focused on enterprises serving the DOT Construction and Intelligent Traffic System markets, but also involved in 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.
Recently, EGPI has released several announcements recently with regards to the oil and gas end of their business including the Company being 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 and acquiring the assets of Circle D located out of Brownwood, TX. The Circle D acquisition was performed through their new subsidiary, Chanwest Resources, an oil and gas servicing, acquisition and development company currently servicing the Northwest Louisiana and East Texas regions of the United States, which was acquired by EGPI in June.
More information on EGPI Firecreek and their subsidiaries can be found on the Company website at www.egpifirecreek.com.