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CybeRelease: (OTC PK: GFPE) Enters Exclusive Purchase Option for Bodin Oil


(CybeRelease, September 12, 2006) - LAKE HARMONY, PA - Gulf Petroleum Exchange, Inc. (OTC PK: GFPE) announced yesterday that, subject to further due diligence, it has signed and entered an exclusive option agreement to purchase Bodin Oil Recovery, Inc., a 30-year-old south central Louisiana waste oil recovery and industrial fuel oil company. Included in the acquisition are Bodin Oil Recovery, Action Oil Recovery, LA Filter Recycling, approximately 13 acres of land, fully equipped processing plants & offices, and a fleet of tanker trucks.

This acquisition will enable Gulf Petroleum Exchange to build a stronger infrastructure that will ensure their ability to mass-produce and re-produce their products while slashing operating expenses.

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