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West 175 Media Grp (WEP)

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Friday 21 November, 2003

West 175 Media Grp

Proposal for CVA

West 175 Media Group Inc
21 November 2003

WEST 175 MEDIA GROUP INC ('the Company')
PROPOSALS FOR A COMPANY VOLUNTARY ARRANGEMENT ('CVA')


The Company announces that in an effort to avoid the liquidation of the Company
and the consequent loss of value to the creditors, shareholders, loan note
holders and warrant holders ('interested parties'), the Directors are seeking to
implement proposals for a  Company Voluntary Arrangement ('CVA') .  The Company
has instructed Hacker Young and Partners as advisers in this matter.  It is
anticipated that the proposals will provide for an injection of third party
monies to pay a final dividend to the majority of trade creditors,  a
restructuring of the existing loan note holders'  position, and the
reorganisation of the Company's share capital.  The proposals have yet to be
finalised.  A further announcement will be made in due course.

The Company's shares have been suspended from trading on AIM since 12 August
2003.

The Company has changed its registered address to:

WEST 175 MEDIA GROUP INC
2nd Floor
25 Watling Street
London  EC4M 9BR
UNITED KINGDOM'




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