On 3/11/09 WWA Group, Inc. (OTCBB: WWAG) 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.
On 1/7/09 WWA Group, Inc. (OTCBB: WWAG) announced the record breaking conclusion of the most recent auction held at WWA Group's Dubai facility during the period December 20, 21, and 22, 2008. Gross auction sales exceeded US$33.1 million and involved more than 365 registered bidders from 23 countries. Equipment consigned by 115 consignors from 16 countries, comprised of 1,463 items, was sold to 209 successful bidders.
On 12/2/08, WWA Group, Inc. announced the exhibition of its services at the Big 5 Plant Machinery and Vehicle Exhibition in Dubai held from November 23 - 27, 2008 at the Dubai International Exhibition and Convention Centre. The Big 5 is the largest trade fair for the construction sector and associated suppliers in the Arabian Gulf and one of the world's largest exhibitions of this type. The event hosted over 3,000 exhibitors and welcomed more than 50,000 visitors from around the world.
On 10/28/08 WWA Group, Inc. announced the successful conclusion of the most recent auction held at WWA Group's Dubai facility during the period October 18, 19, and 20, 2008. The October auction was the fifth of six major auctions in Dubai in 2008. The final auction sale of the year will take place in Dubai December 20 through 22, 2008.
On 10/28/08 WWA Group Inc. announced that Power Track Projects FZE ("Power Track") has been formally acquired by Intelspec International, Inc. ("Intelspec"). The closing resulted in WWA Group now owning approximately 36% of Intelspec. The transaction is part of a larger plan to expand Power Track into a full service construction management company focused on projects in the Middle East, Asia and Oceania. Power Track is a United Arab Emirates free zone licensed equipment and project management enterprise that currently operates a local government limestone removal project in Ras Al Khaimah, U.A.E. Other projects being negotiated or under contract include management of the construction of a 50,000-sq-foot office/warehouse complex in the Jebel Ali Free Zone in Dubai, U.A.E., management of the construction of a portable cabin resort on the Okuma U.S. Marine Base in Okinawa, Japan, and the removal of 10,000 tons of scrap metal from the U.S. Air Force Base on the Pacific island of Diego Garcia.
On 8/14/08 WWA Group, Inc. (OTCBB: WWAG) released its Form 10-Q for the period ending 6/30/08.
On 8/12/08 WWA Group, Inc. announced record auction sales and commission revenue from auctions held at its Dubai facility for the six months ended June 30, 2008, despite restrictions on the use of its new yard and outside interference in its business. Gross physical auction sales during the period exceeded $64 million and involved more than 1,100 registered bidders from over 30 countries. Equipment consigned to the three auctions held in February, April and June 2008, comprised of over 4,500 items, was sold to over 620 successful bidders. The June 2008 auction alone generated gross auction sales of over $25 million worth of equipment.
Sterling Investment Services Recently updated it's rating of WWA Group Inc (OTCBB: WWAG) with a Buy Rating. Quoting Sterling Research Report (Update), "We feel the company’s shares are undervalued at the current prices and are suitable for accumulation at price levels up to the $1.50/share range. We believe there is a realistic probability that the company’s per share price level could move significantly closer to the $3.00/share level which would give it a valuation comparable to the industry comps we have identified within this report. To view Sterling Investment Services entire report visit: http://www.sterlinginvestments.com/research/wwag/wwag08-06-08.html
On 5/15/08 WWA Group, Inc. (OTCBB: WWAG) released its Form 10-Q for the period ending 3/31/08.
On 4/23/08 WWA Group, Inc. (OTCBB: WWAG) was featured in an article at www.ArabianBusiness.com. The first three paragraphs of the article (http://www.arabianbusiness.com/516780-any-old-iron?start=1) read: As global demand for machines is growing, this means good times for the Dubai-based auction houses. Keith Lupton, the director of World Wide Auctioneers surveys the machines waiting to be picked up from the auction his new site from the ‘comfort' of has temporary demountable office. They are mostly going to East Africa and locally, oddly enough. It hasn't always been the case, though. " he said. "Iran come and go. India and Pakistan are buying at the moment as it is now easy to ship in to India, which was not the case for years. I think before, I had only sold to one Indian buyer before the rules change - and he had a lot of clout.
On 4/10/08 WWA Group, Inc. (OTCBB: WWAG) released its Annual Report for the Fiscal Year 2007.
On 2/28/08 WWA Group, Inc. (OTCBB: WWAG) 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.
On 12/21/07 WWA Group, Inc. (OTCBB: WWAG) announced the successful conclusion of the most recent auction held at WWA Group's new Dubai facility during the period December 10 to 12, 2007. Gross auction sales exceeded US$17.4 million and involved more than 330 registered bidders from 32 countries. Equipment consigned by 145 consignors from 13 countries, comprised of 1,380 items, was sold to 198 successful bidders.
On 11/1/07 WWA Group, Inc. (OTCBB: WWAG) announced the successful conclusion of the most recent auction held at WWA Group's new Dubai facility during the period October 29 to 30, 2007. Gross auction sales exceeded US$22.6 million and involved more than 299 registered bidders from 31 countries. Equipment consigned by 99 consignors from 11 countries, comprised of 1,332 items, was sold to 182 successful bidders. The gross sales volume was the largest two-day sale result in WWA Group's history.
On 10/17/08 WWA Group, Inc. (OTCBB: WWAG) announced the completion of a $750,000 equity financing managed by Chicago Investment Group, LLC. ("CIG") for the purpose of generating additional working capital dedicated to expanding operations. The financing was comprised of units offered through CIG at $0.65 per unit, each unit comprised of one (1) share of WWA Group common stock and one half (1/2) purchase warrant that enables the offeree to purchase an additional share of WWA Group common stock in exchange for two half warrants at $1.00 for a period of two (2) years from the closing date of the offering. CIG was paid a commission in cash of 10% of the gross proceeds of the offering and common shares equal to 5% of the number of shares sold.
On 9/18/07 WWA Group, Inc. (OTCBB: WWAG) announced the results of a record-breaking auction held at WWA Group's new Dubai facility over the period September 8 to September 10, 2007. Gross auction sales exceeded $28.56 million and involved more than 345 registered bidders from 33 countries. Equipment consigned by 140 consignors from 16 countries, comprised of almost 1,600 items, was sold to 212 successful bidders. The auction generated a new record high in gross auction sales that represented an increase of almost 20% over WWA Group's previous record results realized in June 2007.
On 8/15/07 WWA Group Inc. (OTCBB: WWAG) announced its record setting results for the three and six month periods ended June 30, 2007, as disclosed in WWA Group's Form 10-QSB, available at http://www.sec.gov. Revenue for the three months ended June 30, 2007 was $8,063,663 as compared to revenue of $4,345,727 for the three months period ended June 30, 2006, an increase of 86%. Revenue for the six months ended June 30, 2007 increased to $13,686,334 from $8,609,687 for the six months period ended June 30, 2006, an increase of 59%. The increase in revenues over the six month periods can be primarily attributed to an increase in the sale of owned equipment which rose from $4,714,046 for the period ended June 30, 2006 to $9,024,044 for the period ended June 30, 2007, an increase of 91%.
On 8/9/07 WWA Group, Inc. (OTCBB: WWAG) announced that noted "penny stock pro" Peter Leeds, has included WWA Group Inc (WWAG.OB) in his elite group of recommended small-company stocks. Leeds has projected a long term price target of $1.65 to $2.45 per share for WWA Group's stock. "Peter Leeds is known as an ethical, completely independent and unbiased advisor. We were not even aware of his research until well after the release of his recommendation on July 12," stated WWA Group CEO Eric Montandon. "We are of course extremely pleased to see our company recommended by a professional of this caliber. We have grown earnings and revenue in every year since we started our business, and achieved a dominant position in one of the world's most dynamic markets. This recommendation is a step toward wider recognition of WWA Group's accomplishments."
On 7/10/07 WWA Group, Inc. (OTCBB: WWAG) was featured in a Gulf News Special Report titled "Under the Hammer". The report, written by Shixha Mishia, discusses the UAE being a robust market for online and onsite auctions of heavy and moving equipment.
On 6/14/07 WWA Group, Inc. (OTCBB: WWAG) announced the successful conclusion of the most recent auction held at its Dubai facility during the period June 11 to June 13, 2007. Gross auction sales exceeded US$24.15 million and involved more than 431 registered bidders from 33 countries. Equipment consigned by 158 consignors from 18 countries, comprised of almost 1,300 items, was sold to 247 successful bidders. The auction generated new records for gross revenue from auction sales, for the number of successful bidders, for the number of successful internet buyers, and for gross revenue from on-line sales.
On 6/10/07 WWA Group, Inc. (OTCBB: WWAG) announced that its wholly owned subsidiary, World Wide Auctioneers, Ltd., has secured a new line of credit from its primary banker in Dubai in the amount of approximately $4 million. The credit line consists of working capital and general asset finance facilities, and will be used primarily for the expansion of the Company's equipment trading activities. The Company has increased its equipment buying and selling activities over the past two years as a complement to its core equipment auction business. "We are pleased that our relationships with Dubai financial institutions have reached this level of confidence," commented Company CEO Eric Montandon. "We have proved our creditworthiness over the past few years in this market, and can plan for increased asset finance facilities in the future. With additional finance, we can grow our own account trading activity, and strengthen our relationships with key consignors to attract more equipment to the auctions. The overall effect on our revenue and profit should be very positive."
On 5/29/07 WWA Group, Inc. (OTCBB: WWAG) announced that its wholly owned subsidiary World Wide Auctioneers, Ltd. has signed a 20-year lease on a 1 million square foot property in the Jebel Ali Free Zone, Dubai. WWA Group plans to build a permanent facility on the site for auctions, trading and the refurbishment of heavy equipment. "This is the most important milestone we have achieved to date toward the expansion of our company," commented WWA Group CEO Eric Montandon. "The additional space and the opportunity to build suitable auction and shop facilities, will enable us to grow our higher margin businesses without being subject to damaging rent increases. Based in Dubai, we believe that our permanent home is in the center of possibly the most attractive business hub on the planet."
On 5/17/07 WWA Group, Inc. (OTCBB: WWAG) announced that it has signed a memorandum of understanding to operate a permanent auction site in the Republic of South Africa ("RSA"). WWA Group's wholly owned subsidiary World Wide Auctioneers Ltd. - Dubai, has agreed, in principal, to partner with an established Johannesburg based equipment dealer in a 50/50 joint venture company to run equipment auctions in the RSA. The first auction is scheduled for July, 2007. WWA decided to enter the RSA market due to the substantial amount of used mining equipment available for export, the prospect of a strong local partner, and general market conditions for certain imported items.
On 5/9/07 WWA Group, Inc. (OTCBB: WWAG) announced that Power Track Projects FZE has signed a major sale agreement and two important supply agreements, in addition to retiring some of its outstanding common stock. WWA Group, through its wholly owned subsidiary World Wide Auctioneers, Ltd. - Dubai, acquired 32.5% of Power Track Projects in December of 2006. Power Track is engaged in a large scale limestone mining and aggregate production project in Ras Al Khaimah, U.A.E. In early 2007 Power Track completed the nearly $2 million sale of one crushing plant and approximately 400,000 tons of processed aggregate material for cash. The transaction also included an agreement to supply over 4 million tons of feedstock at floating market rates to the sold crushing plant through the end of 2010. Proceeds of the sale were used to pay down company debt and retire equity in the company, which resulted in an effective 10% stock dividend to remaining shareholders including WWA Group.
On 4/22/07 WWA Group, Inc. (OTCBB: WWAG) announced the successful conclusion of the most recent auction held at WWA Group's Dubai facility during the period April 10 to April 12, 2007. Gross auction sales exceeded US$20.5 million and involved more than 445 registered bidders from 29 countries. Equipment consigned by 163 consignors from 23 countries, comprised of over 1,350 items, was sold to 223 successful bidders.
On 4/2/07 WWA Group Inc. (OTCBB: WWAG) announced record-setting results in 2006, as disclosed in WWA Group's Form 10-KSB, available at http://www.sec.gov. Revenue for the year ended December 31, 2006 increased 8% to $17,622,384 from $16,312,971 for the comparable period ended December 31, 2005. Revenue increases came from a 10% increase in commission and service revenue in 2006 over 2005, and the addition of revenue from the acquisition of a shipping business in 2006.
On 2/20/07 WWA Group, Inc. (OTCBB: WWAG) announced the acquisition of a minority interest in an equipment and project management company operating a major limestone mining project in the United Arab Emirates. On December 31, 2006, World Wide Auctioneers, Ltd. ("WWA"), a wholly owned subsidiary of WWA Group, Inc., acquired a 32.5% interest in Power Track Projects FZE in exchange for $1,500,000 and a secured non-interest bearing loan to Power Track, in an amount of up to $850,000, to be repaid within 180 days of closing.
On 2/15/07 WWA Group, Inc. (OTCBB: WWAG) announced the successful conclusion of the most recent auction held at WWA Group's Dubai facility during the period February 5 to February 7, 2007. Gross auction sales exceeded US$18.7 million and involved more than 460 registered bidders from 28 countries. Equipment consigned by over 164 consignors from 20 countries, comprised of over 1,300 items, was sold to 230 successful bidders.
On 12/16/06 WWA Group, Inc. (OTCBB: WWAG) announced the successful conclusion of another auction held at WWA Group's Dubai facility during the period December 5 to December 7, 2006. Gross auction sales exceeded US$17.6 million and involved more than 380 registered bidders from 30 countries. Equipment consigned by over 140 consignors from 21 countries, comprised of 1,301 items, was sold to 216 successful bidders.
On 10/18/06 WWA Group, Inc. (OTCBB: WWAG) announced that it has appointed Chris Bettinson as director of WWA Group, Inc., and general manager of subsidiary World Wide Auctioneers, Ltd., Dubai. Mr. Bettinson, 47 years of age, is a trained mechanical engineer with a long history of experience with major mining companies in the UK, including managing the largest fleet of Cat and O&K equipment in the UK in the early 1990s. He also served O&K as its regional product support manager for the Middle East Region in the late 1980s.
On 10/4/06 WWA Group, Inc. (OTCBB: WWAG) announced that it has joined forces with East Rim Trading, Ltd., a British Virgin Island registered company and Big Iron Trading, Ltd., a Philippine based equipment trading company, to win a tender for the disposal of thousands of tons of scrap metal, vehicles and equipment for the U.S. military on the British territory of Diego Garcia. The joint venture won the tender for the disposal contract, and is now in the process of sorting and removing hundreds of machines, vehicles, and containers of scrap metal from the island military base. WWA Group has sent its recently purchased RO-RO vessel to Diego Garcia to facilitate the transportation of equipment and scrap metal to Dubai for sale or auction.
On 9/21/06 WWA Group, Inc. (OTCBB: WWAG) announced the successful conclusion of a major auction held at WWA Group's Dubai facility from September 11 to September 13, 2006. Gross auction sales exceeded US$19.5 million and involved more than 410 registered bidders from 28 countries, setting record numbers for sales and participants in 2006. Items auctioned on behalf of 148 consignors from 18 countries, consisting of more than 1,340 items, were sold to 212 successful bidders. The auction also generated a record number of on-line sales to WWA BIDLive on-line bidders, with 9% of total sales going to on-line bidders.
On 7/26/06 WWA Group Inc. (OTCBB: WWAG) announced that OTC Financial Network, a division of National Financial Communications Corp. ("NFC"), has issued a favorable report on WWA Group. The report highlights WWA Group's business, industry outlook, financial performance and growth strategies. Interested parties can view the report online by visiting http://otcfn.com/wwag/report.html or calling 781-444-6100 x629 for reprints. Geoffrey Eiten, publisher of OTC InvestorFacts, stated, "WWA Group continues to blaze a path of record performance in 2006. For the month of June 2006, WWA Group recorded $37.4 million in gross auction sales at all of its international sites, representing its highest international gross auction sales in any one-month period since 2000. Combined gross auction sales from January through June of 2006 were over $66 Million at the Dubai and Doha auction sites alone."
On 7/19/06 WWA Group, Inc. (OTCBB: WWAG) announced that for the month of June 2006, WWA Group recorded its highest international gross auction sales in any one-month period since 2000. Combined gross auction sales for the month reached a new record of $37.4 million, surpassing WWA Group's previously announced expectations of $34 million. During the month of June, WWA Group conducted five successful auctions in Qatar, Dubai, Holland, Indonesia and Australia. Of the $37.4 million gross auction sales, WWA Group's BIDLive online bidding system contributed $997,450 and video auction sales, which were held in Dubai only, generated $235,700. Collectively, WWA Group's five auctions sold 3,005 items with 1,031 registered bidders, drawing 333 consignors from 20 countries.
On 7/6/06 WWA Group Inc. (OTC BB:WWAG) announced the successful conclusion of its first auction in Doha, Qatar, held on June 28, 2006, through its wholly owned subsidiary World Wide Auctioneers Ltd. and joint partner Al Baida Technical Services ("Baida"). The Doha auction generated gross sales of US$8.95 million and involved more than 160 registered bidders from 14 countries. The auction drew more than 400 items of equipment from 46 consignors from eight countries. The auction also generated online sales through the WWA BIDLive bidding system that enables online participants to place bids on equipment offered at auction.
On 6/27/06 WWA Group, Inc. (OTCBB: WWAG) announced that its subsidiary World Wide Auctioneers, Ltd. (WWA), has agreed to acquire a company that owns a 3,500 dead-weight-ton shipping vessel specializing in moving heavy equipment to and from the Gulf region and India. WWA has been involved with the vessel owner, under a loan and operation agreement, since June of 2004. WWA chose to convert its loan on the vessel to ownership, and the acquisition is expected to close on June 30, 2006. Details of the transaction will be reported on Form 8K upon closing.
On 6/26/06 WWA Group (OTCBB: WWAG) announced that it has retained OTC Financial Network, a division of National Financial Communications Corp. (NFC), for a comprehensive investor relations campaign. Geoffrey Eiten, president of NFC, said, "WWA Group is a profitable company with proven revenue streams stemming from heavy equipment auctions throughout the globe. The company is leveraging its dominant market share in Dubai, the largest construction market of the Arabian Gulf, to achieve economies of scale that will enhance net earnings. The value of projects planned or under development in the Gulf region exceeds $1 trillion. WWA has ongoing reconstruction projects valued at over $600 billion throughout these major commercial markets. A company with solid fundamentals and prospects for growth, WWA Group is a welcome addition to our client list and an exciting investment prospect for the financial community."
On 6/16/06 WWA Group, Inc. (OTCBB: WWAG) announced that the successful conclusion of another auction held at WWA Group's Dubai facility between June 17 and June 19, 2006. The Dubai auction's gross sales exceeded $17.7 million and involved more than 360 registered bidders from 30 countries. The auction drew 159 consignors from 20 countries and sold more than 1,250 items to 192 successful bidders. WWA Group also generated a record number of online sales through the WWA BIDLive bidding system that enables online participants to place bids on equipment offered at auction.
On 2/28/06 WWA Group, Inc. (OTCBB: WWAG) announced the successful conclusion of another auction held at WWAG's Dubai facility during the period Feb. 21 to Feb. 23, 2006. Record gross auction sales exceeded US$18.6 million and involved more than 380 registered bidders from 33 countries. Items consigned by 143 consignors from 18 countries, consisting of more than 1,340 items, were sold to 198 successful bidders. The auction also generated a record number of bidders that participated using our WWA BIDLive online bidding system to place bids on equipment.
On 7/6/05 WWA Group, Inc. (OTCBB: WWAG) announced that it will be conducting an auction of Dubai real estate in Hong Kong on July 23, 2005. The Company’s live and on-line auction systems will be utilized by a consortium of Dubai property developers and owners to auction over 200 prime lots, condominium and homes located in Dubai. The sale will include some properties selling with no reserve or minimum price. The real estate auction will be hosted by World Wide Auctioneers (Hong Kong), Ltd., a related company to WWA Group and WWA Dubai. On-line live bidding will be available for the auction for bidders around the world. Other proprietary technologies developed by WWA Group for its regular live equipment auctions in Dubai will also be utilized in Hong Kong, including video screen presentation of data and bidding information, and wireless electronic bidding buttons.
On 6/28/05 WWA Group, Inc. (OTCBB: WWAG) announced the successful conclusion of another record-setting auction, held at WWA Group's Dubai facility on June 18, 19, and 20, 2005. Gross auction sales exceeded US$19.5 million, and involved over 400 registered bidders from 34 countries. Nearly 200 successful bidders purchased over 1,500 equipment lots, placed for auction by 138 consignors from 19 countries. Equipment worth over $700,000 from 35 lots was purchased online by WWA Bidlive Internet bidders. The online sales produced another record figure for WWA Group, suggesting an increased interest in remote bidding at equipment auctions.
On 5/2/05 WWA Group, Inc. (OTCBB: WWAG) announced the successful conclusion of its most recent "WWA Online" auction. The auction closed on April 4, 2005, and featured 94 items of construction equipment located in the United Arab Emirates, which were offered to 66 registered bidders from 19 countries. Total gross auction sales totaled $3,290,000. The WWA Online auction system, developed by WWAG, which premiered online in late 2004, has proven to be very popular with equipment buyers and is part of WWAG's ongoing strategy to add new revenue streams and accelerate its cash flow schedule. WWAG differentiates itself from most other online sellers of equipment by having all items for any particular online auction consolidated for inspection in one location.
On 4/28/05 WWA Group, Inc. (OTCBB:WWAG) announced the successful conclusion of another auction held at WWAG's Dubai facility during the period April 19 to April 21, 2005 Record gross auction sales exceeded US$18.9 million and involved more than 440 registered bidders from 37 countries. Items consigned by 172 consignors from 20 countries, consisting of over 1,400 items, were sold to 218 successful bidders from 31 countries. The auction generated record numbers of successful bidders -- both at the auction and online.
On 2/16/05 WWA Group Inc. (OTCBB: WWAG) announced the successful conclusion of its most recent large auction held at WWAG's Dubai facility from Feb. 5-7, 2005. Gross auction sales exceeded US$15.4 million, and involved more than 375 registered bidders from 36 countries. More than 1,300 items were sold at the auction to 185 successful bidders from 30 countries. Items were consigned to this auction by 142 consignors from 18 countries.
On 1/21/05 WWA Group, Inc. (OTCBB: WWAG) announced the successful conclusion of the first ever heavy equipment auction to be held in China under the management of a non-Chinese company. The auction took place on January 14, 2005 in Guangzhou, People's Republic of China. WWA Group managed and conducted the auction in partnership with Conbo International Group Co. Ltd., a quasi government operating company licensed to clear equipment for auctions in the Guangzhou Free Trade Zone, and Pioneeragon Enterprise Auction Co. Ltd., a Chinese domestically licensed auctioneer. Various officials from the Administrative Committee of Guangzhou Economic and Technical Development District, the General Administration of Quality Supervision, Inspection and Quarantine of the Peoples Republic of China and the State General Administration of Customs were on hand to help formally launch the auction and to provide assistance with technical issues.
On 9/30/04 WWA Group, Inc. (OTCBB: WWAG) announced the completion of its largest and most successful unreserved construction equipment auction to date. The auction was held Sept. 21-25 by its wholly owned subsidiary World Wide Auctioneers Ltd. (WWA) at its facility in Dubai. Gross auction sales exceeded US$23.6 million, and involved a record number of more than 430 registered bidders from 37 countries. The Dubai auction also produced a record number of 242 successful bidders and generated the highest gross commission revenue realized at any WWA auction since its inception in 2000.
On 8/12/04 WWA Group, Inc. (OTCBB: WWAG) announced the successful completion of its fourth unreserved construction equipment auction held on Aug. 11, 2004, in Perth, Western Australia. WWAG's wholly owned subsidiary World Wide Auctioneers Ltd. (WWA) operated the auction in conjunction with WWA Australia Pty. Ltd. Gross auction sales exceeded AUD2.5 million, and involved the participation of more than 375 registered bidders from six countries. The auction resulted in sales to 149 successful buyers of 495 items consigned from 25 separate consignors. The numbers of registered bidders and successful buyers were the highest to date for WWA Group's Australian auctions.
On 7/26/04 WWA Group, Inc. (OTCBB: WWAG) announced the successful completion of its second unreserved construction equipment auction held on July 16, 2004, in the Port of Amsterdam, Netherlands. WWAG's wholly owned subsidiary World Wide Auctioneers Ltd. (WWA) operated the auction in conjunction with World Wide Auctioneers B.V. Gross auction sales exceeded EURO3.7 million, and involved the participation of more than 200 registered bidders from 10 countries. The auction resulted in sales to 92 successful buyers of 487 items consigned from 44 separate consignors.
On 6/23/04 WWA Group, Inc. (OTCBB: WWAG) announced today the successful completion of its largest unreserved construction equipment auction to date. The auction was held from June 8-10 by its wholly owned subsidiary World Wide Auctioneers Ltd (WWA) from its facility in Dubai, the United Arab Emirates. Gross auction sales exceeded US$23.8 million, and involved the participation of more than 400 registered bidders from 32 countries. WWA's fifth video auction, held the evening of June 9, produced an additional $2.35 million in gross auction sales. The entire auction event was webcast live by operating partner GoIndustry (www.goindustry.com). This most recent WWA auction produced the highest turnover, the most successful bidders (231) and the highest gross revenue realized at any WWA auction since its inception in 2000.
On 3/22/04 WWA Group, Inc. (OTCBB: WWAG) announced the successful completion of its largest un-reserved construction equipment auction to date. The auction was held from the 13th to the 15th of March by its wholly owned subsidiary World Wide Auctioneers Ltd (WWA) from its facility in Dubai, the United Arab Emirates. Gross auction sales exceeded US$23 million, and involved the participation of over 410 registered bidders from 33 countries. WWA's fourth video auction, held the evening of March 15th, produced an additional $2.2 million in gross auction sales. The entire auction event was Webcast live by operating partner GoIndustry (www.goindustry.com). This most recent WWA auction produced the highest turnover, the highest total number of registered bidders, the most successful bidders (218), and the highest gross revenue realized at any WWA auction since its inception in 2000.
On 11/12/03 WWA Group Inc. (OTCBB: WWAG) announced the results of a one-day auction conducted by its subsidiary World Wide Auctioneers Ltd. ("WWA") in Perth, Western Australia. The sale generated more than 10.8 million Australian dollars in gross auction sales on Nov. 7. A total of 471 items were sold to over 90 successful buyers out of over 250 registered bidders at the sale. Buyers from Australia, New Zealand, South Africa, Southeast Asia, the Middle East and North America attended the sale or bid online. A total of 18 major items were purchased by online bidders using the GoIndustry webcast bidding system, for a total of AUD $3,300,000 in purchases.
On 7/28/02 WWA Group, Inc. (OTCBB: WWAG) announced the successful completion of its first auction in Dubai devoted only to cars and light trucks, held at the Company’s facility in Dubai, the United Arab Emirates July 27. Over 220 cars and trucks were sold to over 150 registered bidders at the auction. WWA plans to hold regular car and light truck auctions in Dubai, approximately 5 weeks apart, for the rest of 2002. WWA tested a new wireless electronic bidding system at the car auction, supplied by associate G-Quest Technologies, Inc., Japan. WWA and G-Quest are pursuing a joint venture to develop a modernized, fully automated car auction business in Dubai to begin in 2003.
