read_out py & read_in.py

read_in.py

# -*- coding: utf-8 -*-

import zlib
import base64

file_path = 'c:/python'
filename = 'encoded_text.text'
filename_write = 'write_in.py'

with open(file_path + '/' + filename, 'r') as f:
  text = f.read()
  decoded_text = zlib.decompress(base64.b64decode(text))
  print decoded_text
  fw = open(filename_write, 'w')
  fw.write(decoded_text)
  fw.close()

read_out.py

# -*- coding: utf-8 -*-

import zlib
import base64

file_path = 'c:/python'
file_name = 'py'

with open(file_path + '/' + filename, 'r') as f:
  text = f.read()
  f.close()
  encoded_text = base64.b64encode(zlib.compress(text, 9))
  print encoded_text

new file 'read_in.py'

Update for correct miss part (write->read)