DALLAS, Oct. 4, 2005 (PRIMEZONE) -- Brian Dean, Publisher of OTCPicks.com, announced today that the Web site has initiated Profile Coverage of Gulf Petroleum Exchange, Inc. (Pink Sheets:GFPE). Says Mr. Dean, "Gulf Petroleum is fast becoming a leader in on-site demulsification and reclamation of non-hazardous industrial and oilfield waste hydrocarbons. They resell these products back into the market after reclamation. The company has also identified several solid acquisition candidates, and has already acquired an option to purchase Acadiana Oil & Environmental, Inc., a south Louisiana crude oil gathering company."
Adds Mr. Dean, "Gulf Petroleum has a clear and straightforward goal of building a profitable company with a high revenue dollar per employee per barrel sold. With their historical reclamation business and their announcement of plans to acquire several more solid oil-related companies, they appear poised to achieve significant growth moving forward."
To view the OTCPicks.com Company Profile for Gulf Petroleum Exchange, Inc., please visit: http://www.otcpicks.com/profiles/gfpe/index.php.
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About Gulf Petroleum Exchange
The founder and current president of Gulf Petroleum, Warren (Skip) Wheeler, has over 45 years' experience in drilling, production, refining and upstream sales sectors of the oil industry, and organized Gulf Petroleum Exchange in 1997 as a fuel and crude oil trading and brokering company. However, due to the precipitous decline in oil prices in late 1997, the company began utilizing the acquired knowledge of its president to perform on-site demulsification and reclamation of non-hazardous industrial and oilfield waste hydrocarbons and selling the resultant products into the appropriate markets, i.e. industrial fuel oil, crude oil etc.
About OTCPicks.com
OTCPicks.com is an Internet destination for investors seeking information on smallcap and microcap companies. The Web site features companies in Profile Campaigns, Executive Interviews and Profile Research Reports authored by our financial writers. We publish a daily Newsletter to subscribers, and we publish our Daily Market Movers Digest which is sent out on the M2 Presswire several times daily highlighting hot OTC and OTCBB stocks. To feature a company on our Web site or in our daily Newsletter or Market Mover's Digest, please contact our publisher, Brian Dean at 972-546-3740, or via email at publisher@otcpicks.com.
Forward-Looking Statement: This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
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