WWA Group Concludes Crowded Auction in Dubai

WWA Group, Inc. (OTCBB: WWAG) today announced the results of its most recent auction, held in Dubai between February 21 and 23, 2009.

Gross auction sales exceeded US$22.5 million and involved more than 410 registered bidders from 29 countries. Equipment consigned by 133 consignors from 21 countries, comprised of over 1,300 items, was sold to 230 successful bidders.

The February auction was WWA Group’s first major auction of 2009. Five more auctions are planned for Dubai in 2009, in April, June, September, October and December.

“The large number of bidders and buyers at the auction was refreshing, and indicates that the market for used equipment remains strong,” commented Eric Montandon, CEO of WWA Group. “Prices were generally higher than at our December 2008 auction, and the crowd was larger and more enthusiastic than seen at previous auctions. We are convinced by this surge in general interest that the number of equipment buyers attracted to our unreserved auction process is on the increase as buyers seek our real time market prices for used equipment.”

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 [email protected] 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.

Top