Auction PR Publicity Announcements News and Information
Auction PR Publicity Announcements News and Information

WWA Group Celebrates 10 Years of Dubai Auctions

WWA Group, Inc. (OTCBB: WWAG) commemorated the 10th anniversary of successfully holding auctions in Dubai through its wholly owned subsidiary World Wide Auctioneers Ltd. WWA Group marked the day at World Wide Auctioneers’ most recent Dubai auction held from June 14 through June 16, 2010.

Gross auction sales exceeded US$19.6 million and involved more than 382 registered bidders from 21 countries. Equipment consigned by 141 consignors from 9 countries, comprised of 1,359 lots, was sold to 212 successful bidders. Online sales accounted for approximately US$683,000 of the gross auction sales.

“The downturn in regional project awards continues to be felt at our auctions both in prices paid and commissions realized in respect to equipment offered for sale,” commented Eric Montandon, CEO of WWA Group. “Despite these challenges some normalcy is returning to the market for used equipment so we can expect results to improve over time. The fact that World Wide Auctioneers is celebrating ten years of holding auctions is a firm testament to our staying power.”

Actual sale prices for all items sold 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 auctions are updated daily. Anyone interested in consigning equipment to the auctions, or registering to bid, can e-mail [email protected] or call 011 971 4 881 6142.

For further investor information, please contact Eric Montandon or access our Website at www.wwagroup.com

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