EGPI Firecreek, Inc. Signs LOI to Acquire VIP TV Productions of Florida/Entertainment Program Syndicate and Divisions and VIP TV LIMO, LLC - Seite 3

Angela Nicole Monaco, President of ANJ Productions, Inc., d/b/a VIP TV Productions, and VIP TV Limo, LLC, stated, "We look forward to being a part of the EGPI Firecreek organization. Our relationship with EGPI Firecreek via this acquisition will help to provide us the proper market enhancement and eventual capitalization needed to grow revenues both organically and through acquisitions. This essentially will allow us to build the VIP brand into a leader in the Entertainment, cable/satellite television and programming industry, as consumer demand for quality for localized and national production content continues to show insatiable growth. We are confident that VIP TV Productions and its divisions, and VIP TV LIMO, LLC will soon be well positioned to be an integral part of satisfying that demand for growth."

This Letter of Intent is set to specific terms and conditions which both parties have agreed to in principle. Both parties desire to move in an expeditious manner in order to facilitate a Definitive Agreement and will allocate the time necessary in order to complete this acquisition in a timely manner. The Company expects to complete this transaction within the next 60 days. Completion is subject to the satisfaction or waiver of a number of conditions, including a satisfactory resolution of the creditors of EGPI, an approval by the Board of Directors and receipt of all necessary requisite third party approvals.

About EGPI Firecreek, Inc.

EGPI Firecreek, Inc.'s business and acquisition strategy is focused in 2016 on building a diversified strategy initiated by commencement of activities related to the Entertainment Industry, including media communications, syndicated programming, cable and satellite TV productions, and related segment operations. The Company through its wholly owned subsidiary Energy Producers, Inc., historically is focused on oil and gas with emphasis on acquiring existing fields with proven reserves or by the rehabilitation and enhancement of oilfields with potentially strong attributes for revenue and asset growth. The Company plans on continuing to seek out additional revenue producing businesses with strong growth potential to acquire as they look to diversify their interests over a broad base.