WWA Group, Inc. (OTCBB: WWAG Stock Market Forum- News) today announced the results of a record-breaking auction held at WWA Group's new Dubai facility over the period September 8 to September 10, 2007.
Gross auction sales exceeded $28.56 million and involved more than 345 registered bidders from 33 countries. Equipment consigned by 140 consignors from 16 countries, comprised of almost 1,600 items, was sold to 212 successful bidders. The auction generated a new record high in gross auction sales that represented an increase of almost 20% over WWA Group’s previous record results realized in June 2007.
"The overall sales volume was our highest ever, and we still have room to add more equipment in our new yard,” commented Eric Montandon, CEO of WWA Group. "We expect this trend of increasing auction sales and revenue to continue in the future as we develop our new premises and the peak business season approaches. The market is still showing strength in most categories, especially cranes and wheel loaders, and we are attracting increasingly larger consignments from Gulf region and outside consignors.”
This was the 46th auction held by WWA Group's wholly owned subsidiary in Dubai since March 2001, and was the fourth of six physical auctions planned for Dubai in 2007.
Actual sale prices for all items sold at our auctions are published for members at www.ironauctions.com. Member registration is free on the site, by clicking on "Auction Results." Lists of equipment for sale at upcoming WWA Group auctions are updated daily on the site. Anyone interested in consigning equipment to the auctions, or registering to bid, can e-mail info@ironauctions.com or call 011 971 4 881 6142.
WWA Group is a public company; its common shares trade on the OTCBB under the ticker symbol "WWAG.OB." The company maintains its corporate web site at www.wwagroup.com.
For further investor information, please contact Eric Montandon at 011 971 4 881 6142 or access our Web site at http://www.wwagroup.com.
Forward-Looking Statements:
A number of statements contained in this press release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended. A safe-harbor provision may not be applicable to the forward-looking statements made in this press release because of certain exclusions under Section 27A (b). These forward-looking statements involve a number of risks and uncertainties, including timely development, and market acceptance of products and technologies, competitive market conditions, successful integration of acquisitions and the ability to secure additional sources of financing. The actual results that WWA Group may achieve could differ materially from any forward-looking statements due to such risks and uncertainties. WWA Group encourages the public to read the information provided here in conjunction with its most recent filings on Form 10-KSB and Form 10-QSB. WWA Group’s public filings may be viewed at www.sec.gov.
WWA Group Inc.
Eric Montandon, 011 971 4 881 6142
info@ironauctions.com
http://www.wwagroup.com