The Doha auction is the second of its type in which WWA Group has managed an auction of US military equipment in Qatar for Trident Kuwait. WWA Group expects to become more active in future auctions throughout the Gulf region for the US government and their contractors as accumulated military equipment is auctioned off.
“The buyer turnout was good, and the sale prices were better than expected,” said WWA Group CEO Eric Montandon. “We look forward to working with Trident and the US military on similar disposals in the future, and increasing the level of our involvement. With WWA managing disposals, and our equity subsidiary Intelspec International managing construction contracts for the US military, we expect our growing relationship with this very solid client to lead to more business in the future.”
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.
About WWA Group:
WWA Group, together with its subsidiaries, engages in the trading and auctioning of transportation and industrial equipment worldwide, with a primary base of operations in Dubai, U.A.E. Since 2001, WWA Group has realized more than $1 billion in gross auction sales from sites in the United Arab Emirates, Holland, China, Australia, and Qatar. Auctioned items include mobile and stationary earthmoving and construction equipment, such as crawler tractors, excavators, wheel loaders, cranes, trucks and trailers, generators, compressors, agricultural tractors, and forklifts. WWA Group is the largest seller of used construction and industrial equipment in the booming Gulf Region of the Middle East, and has expanded this dominant position to include related businesses in shipping and project management through its equity interest in Intelspec International, Inc.
Forward-Looking Statements:
A number of statements contained in this press release are forward-looking statements. These forward-looking statements involve a number of risks and uncertainties including the 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 if required. The actual results 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-K and Form 10-Q. WWA Group's public filings may be viewed at www.sec.gov.
WWA Group, Inc.
Eric Montandon, 480-505-0070
info@ironauctions.com
http://www.wwagroup.com