WWA Group Holds Its First Auction of 2008 in Dubai

. February 28, 2008

DUBAI, United Arab Emirates – WWA Group, Inc. (OTCBB: WWAG) today announced the successful conclusion of the latest auction held at its Dubai facility between February 17 and 19, 2008.

Gross auction sales exceeded US$18.1 million and involved more than 345 registered bidders from 33 countries. Equipment consigned by 133 consignors from 12 countries, comprised of 1,372 items, was sold to 193 successful bidders.

The February auction was the first of six major auctions planned in Dubai in 2008. WWA Group projects an increase in 2008 gross auction sales over its 2007 record sales.

“Prices were very strong in nearly all categories of equipment,” commented Eric Montandon, CEO of WWA Group. “There is a steady flow of new contractors in the U.A.E. bidding on the new large scale earthmoving and infrastructure projects being awarded this year, and the outlook for regional equipment demand appears more positive than I have experienced since we started this business in 2001.”

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.

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.

Category: Auction News

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