EGPI FIRECREEK, INC. COMPLETES ITS PREPARATION FOR THEIR PINK SHEET CURRENT LISTING WITH OTC MARKETS
22 Junho 2021 - 10:00AM
InvestorsHub NewsWire
EGPI FIRECREEK,
INC. COMPLETES ITS PREPARATION
FOR THEIR PINK SHEET CURRENT LISTING WITH
OTC MARKETS
Announces The Elimination of
over $2.8 Million of Debt Off Its
Balance Sheet
SCOTTSDALE, AZ
-- June
22,
2021
--
InvestorsHub NewsWire -- EGPI Firecreek, Inc. (OTC
PINK: EFIR) (the
"Company") is
pleased
to
announce they
have completed
its preparation of its
filing
for their current
up-listing
to pink
sheet current with OTC
Markets.
All documentation
including financial statements and the required
legal
opinion have been prepared and all fees have been paid in
accordance with
OTC
Markets procedures. Upon allowance by the OTCIQ system, the
filing shall
immediately be uploaded
and
our
up-listing
approval
is
expected over the next several
days.
The
Company has also recently
updated
its corporate profile on the OTCIQ system in anticipation of
its pink sheet current status.
The Company
is also
pleased to announce that
current
liability debts totaling $5,889,716 have passed the statute of
limitations and are barred from further collection or conversion
activities, which
includes
all previously issued convertible notes. Of these liabilities,
$2,876,628 of this debt has been permanently cancelled
and
now eliminated off its
balance sheet by agreement as of April 2, 2021 and shall be
reflected in their 2021 financial statement. These events are
footnoted
under
the
subsequent
events section
in
the Company's
financial
statements
that
have
been filed with OTC
Markets.
The Company is also
currently in discussions with a potential merger/acquisition
candidate and plans to update shareholders on its progress and on
future activity plans, as the Company continues to build itself as
a fully diversified holding company within the oil & gas
industry.
EGPI/Firecreek,
Inc. has historically
been an oil and gas
production company focused
on the
recovery and development of oil and natural gas. This strategy is
centered on rehabilitation, production
enhancement techniques, utilizing modern
management, and state of the art
technology applications in upgrading proven reserves.
Now that the Company
has completed its up-listing application, the focus will now
turn to revamping its corporate website along with developing
better transparency
and communications
through various social media platforms.
About
EGPI Firecreek, Inc.
EGPI
Firecreek, Inc.,
through
its wholly owned subsidiary Energy Producers, Inc.,
has
historically
been focused
on oil and gas with an
emphasis
on acquiring existing fields with proven reserves
and
by the
rehabilitation and
enhancement of
oilfields with potentially strong
attributes for revenue and asset growth. The
Company plans on continuing to seek out and
acquire additional
revenue producing businesses with strong growth
potential,
as
they look to diversify their interests over a broad base
of
businesses in the oil and gas industry.
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 OTC
Markets and the
Securities and Exchange Commission.
Public Relations and Shareholder
Information
Infinity
Global Consulting Group, Inc.
Joseph
M.
Vazquez
III
Tel:
(800)
374-0526
Email:
infinityglobalconsulting@gmail.com
EGPI Firecreek (CE) (USOTC:EFIR)
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