WWAG News WWA Group Retains OTC Financial Network for Comprehensive Investor Relations Campaign
DUBAI, United Arab Emirates--(BUSINESS WIRE)--June 26, 2006--WWA Group (OTCBB: WWAG), one of the world's largest auctioneers of transportation and industrial equipment, announced today that it has retained OTC Financial Network, a division of National Financial Communications Corp. (NFC), for a comprehensive investor relations campaign.
Geoffrey Eiten, president of NFC, said, "WWA Group is a profitable company with proven revenue streams stemming from heavy equipment auctions throughout the globe. The company is leveraging its dominant market share in Dubai, the largest construction market of the Arabian Gulf, to achieve economies of scale that will enhance net earnings. The value of projects planned or under development in the Gulf region exceeds $1 trillion. WWA has ongoing reconstruction projects valued at over $600 billion throughout these major commercial markets. A company with solid fundamentals and prospects for growth, WWA Group is a welcome addition to our client list and an exciting investment prospect for the financial community."
Eric Montandon, CEO of WWA Group, stated, "Our strong auction sales pipeline, combined with new market entry into the world's wealthiest nations such as Qatar, position us to achieve a record year of growth in 2006. OTC Financial will provide ongoing investor relations services tailored to increase our market exposure and shareholder base as we focus on increasing shareholder value."
About WWA Group
WWA Group Inc., through its wholly owned subsidiaries, is one of the world's largest auctioneers of transportation and industrial equipment. WWA Group's operations are focused on high-growth, underserved regions outside of North America that are transforming into luxury tourism and international economic centers. Since its inception in 2001, WWA has auctioned more than $380 million worth of vehicles and equipment from its Dubai facilities. WWA also manages unreserved auctions in the Netherlands, Indonesia, China and Australia through its joint venture partners. More than $200 million has been auctioned at these associated franchise facilities since inception. WWA is further distinguished as the largest seller of second-hand construction equipment in the Arab Gulf Cooperation Council countries -- Saudi Arabia, Kuwait, the U.A.E., Qatar, Bahrain and Oman. Auctions are conducted on location and through the WWA BIDLive online bidding system.
OTC Financial Network has provided consulting services and customized, proactive investor relations campaigns to more than 500 small/micro-cap public companies since 1992. OTC Financial Network designs and implements results-driven direct mail, electronic marketing, shareholder communications and other programs to increase market awareness on behalf of its clients. A partnership with OTC Financial Network can improve a company's shareholder communications channel, facilitate capital formation opportunities, create an expanding and diversified base of institutional and retail shareholders, and garner financial media coverage. OTC Financial Network is a division of National Financial Communications Corp., based in Needham, Mass. For more information, visit http://www.otcfn.com and http://www.nationalfc.com.
OTC Financial Network serves as special advisor to the featured company and has received fees for services, including a monthly retainer of $5,000, paid in cash, and an option to purchase 500,000 shares of common stock at an exercise price of 80 cents per share. These underlying securities have not been registered pursuant to the Securities Act of 1933, as amended and therefore may not be sold or transferred by the company except in the event that such shares are the subject of a registration statement. This is not an offer to buy or sell securities. Information or opinions in this release are presented solely for informative purposes, and are not intended nor should they be construed as investment advice. Full disclaimer information can be found online by visiting http://www.otcfn.com/wwag and selecting the "Disclaimer" link.
A number of statements contained in this press release may be considered to be forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including market acceptance of services provided, competitive market conditions, governmental regulation, and auction results. 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-KSB and Form 10-QSB. WWA Group's public filings may be viewed at www.sec.gov.
