Message #18 From:
Stock News Bot Date: December 15, 2006 07:36:00 AM
WWAG News WWA Group Concludes Major Dubai Auction
DUBAI, United Arab Emirates--(BUSINESS WIRE)--WWA Group, Inc. (OTCBB: WWAG)
today announced the successful conclusion of another auction held at WWA
Group's Dubai facility during the period December 5 to December 7, 2006.
Gross auction sales exceeded US$17.6 million and involved more than 380
registered bidders from 30 countries. Equipment consigned by over 140
consignors from 21 countries, comprised of 1,301 items, was sold to 216
successful bidders.
"While the overall sale volume was smaller at this sale than at some of
our recent auctions, we are pleased with the percentage increase in
commission income generated for WWA," commented Chris Bettinson, general
manager of WWA Group’s auction business. "Our
auction plan for 2007 is focused on increasing our margins by attracting
better quality equipment consignments at higher commission rates than in
the past, coupled with an aggressive marketing campaign to attract new
customers and consignors from countries not yet targeted."
This was the 42nd auction held by WWA Group's wholly owned subsidiary in
Dubai since March of 2001, and was the last of six physical auctions
planned for Dubai in 2006. WWA Group has managed 18 physical equipment
auctions in the U.A.E., Australia, Indonesia and Qatar during 2006.
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."
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.
