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Gulf West Property to Hold Special Shareholders' Meeting.

NEWPORT BEACH, Calif. -- Gulf West Property Inc. (Pink Sheets:GWPP) announced today that there will be a Special Meeting of Shareholders to be held at The Radisson Hotel, 4545 MacArthur Blvd., Newport Beach, at 10 a.m. Eastern time on Monday, Oct. 24, 2005. The meeting will be held to elect new

Directors to the Board and discuss the future plans of acquisition by the company.

Disclaimer: The company relies upon the Safe Harbor Laws of 1933, 1934 and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation; managing and maintaining growth; the effect of adverse publicity; litigation; competition; and other factors which may be identified from time to time in the company's public announcements.

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