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WWA Group Completes Equity Financing.


DUBAI, United Arab Emirates United Arab Emirates, federation of sheikhdoms (2005 est. pop. 2,563,000), c.30,000 sq mi (77,700 sq km), SE Arabia, on the Persian Gulf and the Gulf of Oman.  -- WWA WWA World Waterpark Association
WWA Who We Are (album title)
WWA World Wakeboard Association
WWA World Wrestling Alliance (game)
WWA Western Writers of America
 Group, Inc. (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
: WWAG WWAG We Want Apple Greece ) today announced the completion of a $750,000 equity financing Equity Financing

The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation.
 managed by Chicago Investment Group, LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
. ("CIG CIG Ceiling (height above ground level to base of clouds)
CIG Conference Intergouvernementale (French: Intergovermental Conference)
CIG Conservation Innovation Grants (USDA NRCS) 
") 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.

About WWA Group:

WWA Group engages in the trading and auctioning of transportation and industrial equipment worldwide, with a primary base of operations Noun 1. base of operations - installation from which a military force initiates operations; "the attack wiped out our forward bases"
base

air base, air station - a base for military aircraft

army base - a large base of operations for an army
 in Dubai, U.A.E. Auctioned items include mobile and stationary earthmoving and construction equipment, such as crawler Also known as a "Web crawler," "spider," "ant," "robot" (bot) and "intelligent agent," a crawler is a program that searches for information on the Web. Crawlers are widely used by Web search engines to index all the pages on a site by following the links from page to page.  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 recently expanded to include related businesses that include ownership of an RO shipping vessel that specializes in carrying heavy equipment in the Gulf region and a substantial equity position in an earthmoving equipment and mining project management company with a large limestone mining operation in the U.A.E.

WWA Group is a public company; its common shares trade on the OTCBB under the ticker symbol "WWAG.OB." WWA Group maintains web sites at www.wwagroup.com and www.ironauctions.com. For further investor information, please contact Eric Montandon at 011 971 4 881 6142 or access our Web site at http://www.wwagroup.com.

Forward-Looking Statements:

A number of statements contained in this press release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended. A safe-harbor provision may not be applicable to the forward-looking statements made in this press release because of certain exclusions under Section 27A (b). These forward-looking statements involve a number of risks and uncertainties, including 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. The actual results that 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-KSB and Form 10-QSB. WWA Group's public filings may be viewed at www.sec.gov.
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Publication:Business Wire
Date:Oct 19, 2007
Words:462
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