Message #14 From:
Stock News Bot Date: July 26, 2006 05:05:00 AM
WWAG News OTC Financial Network Issues Favorable Report on WWA Group
DUBAI, United Arab Emirates--(BUSINESS WIRE)--July 26, 2006--WWA Group Inc. (OTCBB:WWAG), one of the world's largest auctioneers of transportation and industrial equipment, announced today that OTC Financial Network, a division of National Financial Communications Corp. ("NFC"), has issued a favorable report on WWA Group. The report highlights WWA Group's business, industry outlook, financial performance and growth strategies. Interested parties can view the report online by visiting http://otcfn.com/wwag/report.html or calling 781-444-6100 x629 for reprints.
Geoffrey Eiten, publisher of OTC InvestorFacts, stated, "WWA Group continues to blaze a path of record performance in 2006. For the month of June 2006, WWA Group recorded $37.4 million in gross auction sales at all of its international sites, representing its highest international gross auction sales in any one-month period since 2000. Combined gross auction sales from January through June of 2006 were over $66 Million at the Dubai and Doha auction sites alone."
Eiten added, "A profitable company with an established infrastructure and majority market share in Dubai's industrial equipment market, WWA Group is actively expanding globally, while diversifying into higher margin business segments including heavy equipment transportation services, online bidding services and video auction sales. WWA Group represents a compelling opportunity for investors to generate returns over the near- and long-term."
About OTC Financial Network
OTC Financial Network is a leading provider of investor relations and financial consulting services and customized, proactive investor relations campaigns to more than 500 small/micro-cap public companies since 1992. 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, MA. For more information, visit http://www.otcfn.com or http://www.nationalfc.com.
About WWA Group
WWA Group Inc., through its wholly owned subsidiary World Wide Auctioneers Ltd. (WAA), 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 $425 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 $185 million has been auctioned at these associated franchise facilities since WWA's inception. WWA is further distinguished as the largest seller of second-hand construction equipment in the Arab Gulf Cooperation Council (GCC) countries -- Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain and Oman. Auctions are conducted on location and through the WWA BIDLive online bidding system.
WWA is now beginning the execution of its expanded operations plan to leverage its dominant equipment auction and trading base into a diversified business including activities in the Gulf region that are related to heavy equipment. For more information, visit http://www.wwagroup.com. For recent news and quotes, visit Yahoo! Finance at http://finance.yahoo.com/q?s=wwag.ob. To sign up to receive e-mail alerts with the latest news on WWA Group, go to: http://otcfn.com/wwag/email_update.html.
Disclaimer: OTC Financial Network serves as special advisor to the featured company and has received fees for services, including a monthly retainer in the amount of five thousand dollars, paid in cash, plus an option to purchase five hundred thousand shares of common stock at an exercise price of eighty cents per share. 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. A full disclaimer 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.
