Paradigm Oil and Gas, Inc. has Not Executed Letter of Intent for Joint Venture With EGPI Firecreek, Inc.
MABANK, TEXAS, Sep 09, 2011 (MARKETWIRE via COMTEX) -- Paradigm Oil and Gas, Inc. (OTCBB: PDGO), announced that a Joint Venture Partnership agreement has not been executed with EGPI Firecreek, Inc. (EGPI) and that EGPI's news release on September 8, 2011 was premature. On September 8, 2011 a news release by EGPI Firecreek, Inc. announced that a Joint Venture between Paradigm Oil and Gas, Inc. was signed. This release was premature as this relationship is still in negotiation. If and when an agreement is reached and executed, Paradigm Oil and Gas, Inc. will make such an announcement.