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(OTC: GFPE) Gulf Petroleum Retains Financial Auditing Firm


(CybeRelease, June 7, 2006) - Lake Harmony, PA - Gulf Petroleum Exchange, Inc. (Pink Sheets: GFPE) announced today that they have retained the Oklahoma City accounting firm of Murrell, Hall, McIntosh & Co., PLLP to audit the company in an effort to get listed on the NASDAQ OTCBB.

Gulf’s intention is to file form 10SB with the SEC to become a reporting company under Section 12(g) securities exchange act of 1934. The audit is integral to the 10SB filing and the companies’ ultimate visibility as it moves upward.

Warren (Skip) Wheeler President of Gulf Petroleum stated, “the audit is paramount in our attainable goal of matriculating into a Fully Reporting Bulletin Board company and eventually being listed on the NASDAQ.”

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