PennyOmega.com Stock Report!

PennyOmega.com Hot Stock News & Alerts!

Thursday August 27, 2009

PennyOmega.com Stock Report!

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EGPI Firecreek, Inc. (OTCBB:EFIR) announced today that it has signed a binding letter of intent to acquire privately owned South Atlantic Traffic Corporation (”SATCO”), a Florida corporation. SATCO has been in business since 2001 and has several offices throughout the Southeast United States. They carry a variety of products and inventory geared primarily towards the transportation industry, which reportedly generate nearly $15 million in annual revenues. SATCO’s products range from traffic signal equipment, traffic and light poles, data/video systems and ITS surveillance systems. This acquisition will vertically integrate with the Company’s recently acquired M3 Unit and will help accelerate future anticipated

When most investors think of the telecom sector and wireless providers, Verizon [VZ: 28.62, -0.02 (-0.07%)] and AT&T [T: 23.44, +0.06 (+0.26%)] come to mind first.  These two companies form a duopoly of the domestic market.  Market penetration is nearing 90% in the US, so growth is limited, as these two companies are forced to compete for existing clients to survive as well as continue to steal market share from Sprint-Nextel [S: 4.36, -0.10 (-2.24%)] and T-Mobile.  They are also attempting to jump into unique markets everyday in hopes of adding revenue and improving margins. For instance, VZ and T have been rolling out fiber optic backbones for even faster internet speeds and enhanced TV picture quality. While this appears to be the new generation and face of telecom, there is one company that