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West 175 Media Grp (WEP)

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Monday 09 October, 2000

West 175 Media Grp

Acquisition

West 175 Media Group Inc
9 October 2000


                                       
                 WEST 175 MEDIA ACQUIRES 49% OF NEW ZEALAND'S
                          LARGEST VODAFONE DEALERSHIP


West  175  Media Group Inc ('West 175'), the lifestyle media group  listed  on
AIM,  today  announced  the acquisition of a 49 per cent  equity  interest  in
Centurion  GSM  ('GSM'), the owner and operator of a  network  of  20  Digital
Mobile  ('DM') retail outlets throughout New Zealand and the country's largest
and most successful Vodafone dealership.

The purchase price is NZ$1.98m (£588,000) which will be satisfied by the issue
of 238,905 new shares in West 175.

GSM  is  an  exclusive Vodafone dealer and is the biggest single  provider  of
corporate  connections to the Vodafone network in New Zealand.  Vodafone  also
recently acquired a shareholding in GSM, which is expected to facilitate joint
business initiatives between Vodafone and West 175.

GSM  was  established in 1996 by three shareholders, including Peter  Simpson,
who  took  full control in September 1999.  Mr Simpson has grown  the  company
through  strong revenue growth and tight control of overheads and,  in  the  9
months  since he took control, GSM has returned earnings of NZ$167,000  before
interest, depreciation and tax.

The  acquisition  follows last month's purchase of  a  24.9  per  cent  equity
interest  in  Central Park Interactive Limited ('CPI'), New Zealand's  leading
interactive software retail chain, for a consideration of £303,450,  satisfied
by the issue of 156,015 new ordinary shares in West 175.

Together, these two acquisitions give West 175 access to New Zealand's  second
biggest  group of retail outlets selling Internet connections to  the  general
consumer  and  business- to-business markets. They will also  add  revenue  to
Actrix  Networks, New Zealand's longest-established Internet Service  Provider
in which West 175 acquired a 60 per cent equity interest in May this year.

Commenting, John McEwen, Chief Executive of West 175, said:

'This  acquisition should deliver benefits to both West 175 and  Vodafone  New
Zealand Limited as leading edge solutions can be developed for both the  local
and  international markets. Vodafone and companies such as Actrix will  enable
new  services  to  be delivered faster and more efficiently  than  competitive
services.'

Rohan Courtney, Chairman, added:

'The commercial benefits of the transaction include:
  
  1. Closer relationships with Vodafone New Zealand Limited;
  
  2. A strong and effective 'business-to-business' distribution channel  for
     Actrix products  and  services.  This  includes  internet/email 
     services, extending to the  hosting  of  web  sites  and  web site design
     and implementation;
  
  3. Points of presence on a national basis for Actrix marketing;
  
  4. A strong  performing business with increased  sales  and  bottom  line
     returns;
  
  5. Options for Actrix to participate in e-commerce solutions;

  6. Vodafone becomes an advertiser to West 175's stations, providing  a
     minimum of approximately NZ$250,000 in the next twelve months;

  7. GSM  is  provided  with  the opportunity to  diversify  its  activities
     through  the  introduction  of  related  products  and  services. 
     Internet services  are  an  ideal  service to package  into the corporate
     cellular solutions.'

                      


Enquiries:
Rohan Courtney, Chairman, West 175 Media Group Inc            020 8398 7175
                                                      Mobile: 07879 498 544
                                        
Peter Binns, Binns & Co.                                      020 7786 9600