Published: November 17, 2009
WWA Group Announces Results of Expanded Auction Schedule
TEMPE, Ariz. - (BUSINESS WIRE) - WWA Group, Inc. (OTCBB: WWAG)
today announced combined results from its most intensive international
auction sales schedule ever.
WWA Group has held seven successful auctions since September of this
year in Dubai (three auctions), Texas, Abu Dhabi, Lebanon and the
Philippines. Two additional auctions are scheduled before the end of the
year in El Paso, Texas, on November 24, and in Dubai, on December 8,
2009.
The September auction held in El Paso, Texas was the first physical
heavy equipment auction held by WWA Group in the United States since
inception in 2000.
WWA Group held a classic auto auction in Abu Dhabi on October 31, and a
car only auction in Dubai on November 9. The classic car auction was the
first event of this type ever managed by WWA Group.
Combined auction sales for the seven auctions held between September 7
and November 12, 2009 was over $35 million, with over 1,000 total
registered bidders buying a total of 2,500 lots of transport and
construction equipment. The items sold at these auctions were consigned
by over 300 consignors, and bought by over 450 successful bidders from
51 countries.
"WWA Group is in the process of executing a plan to attract the
increasing number of sellers of cars and equipment, and the increasing
number of buyers for these items to our un-reserved auctions around the
world," commented WWA Group CEO Eric Montandon. "We are already
measuring the success of our efforts with an increase in attendance and
overall participation at recent auctions despite global economic
conditions."
The list of items sold at all auctions is published at www.ironauctions.com.
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 (480) 505-0070.
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. 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 Gulf Region of the Middle East and has expanded this
dominant position to include related businesses in shipping and project
management.
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
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