WWA Group, Inc. (OTCBB: WWAG) today announced the upcoming auction it will hold in El Paso, Texas on September 29, 2009. This will be the first physical heavy equipment auction held by WWA Group in the United States since its inception in 2000.
The auction will consist of approximately 300 items of late model construction equipment, transport equipment, and quarry equipment. The sale will be an unreserved auction, held on a 10-acre site on Montana Avenue in East El Paso.
“We have been well received by consignors in this area, and have had a tremendous response from potential buyers planning to attend this first sale,” commented WWA Group CEO Eric Montandon. “The El Paso area is very active with a stable and dynamic economy when compared to other areas in the U.S Southwest. We feel that this location is an excellent base of operations from which we expect to be able to expand in the near future.”
WWA Group plans to hold six more unreserved auctions at its El Paso yard between October 2009 and December 2010 and has already held six equipment auctions this year in the United Arab Emirates, the Philippines, and Lebanon. Four more auctions are planned for the remainder of 2009 at these locations.
The list of items for sale at the El Paso auction, and live online bidding for this auction, is published at www.ironauctions.com. 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 (480) 505-0070.
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.
Forward-Looking Statements:
A number of statements contained in this press release are forward-looking statements. These forward-looking statements involve a number of risks and uncertainties including the 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 if required. The actual results 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-K and Form 10-Q. WWA Group's public filings may be viewed at www.sec.gov.
Contacts:
WWA Group, Inc.
Eric Montandon, 480-505-0070
info@ironauctions.com
http://www.wwagroup.com
