WWA Group Holds Another Successful Auction in Dubai

. June 30, 2009

WWA Group, Inc. (OTCBB: WWAG) today announced the conclusion of its most recent auction held at WWA Group’s Dubai facility over the period June 22, 23 and 24, 2009.

Gross auction sales exceeded US$18.29 million and involved more than 360 registered bidders from 20 countries. Equipment consigned by 145 consignors from 11 countries, comprised of over 1,200 items, was sold to 200 successful bidders.

The June auction was WWA Group’s third major auction in Dubai in 2009. Three more auctions are planned for Dubai this year in September, October and December. WWA Group will also hold auctions in Arizona, Lebanon, and the Philippines in August and September 2009.

“Traditional trading of equipment in the UAE has slowed considerably since 2008, but we are still attracting a large number of active buyers at our auctions,” said WWA Group CEO Eric Montandon. “We had less equipment in this auction than we would have liked due to the late withdrawal of a major consignor, but we still had a smooth, solid sale in terms of buyers and prices. We are looking forward to a busy summer at our new locations around the world.”

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.

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.

Category: Auction News

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