WWA Group Joins Joint Venture That Lands U.S. Military Equipment Disposal Contract.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 ), announced today 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 Diego Garcia, coral island, 11 sq mi (28 sq km). Indian Ocean, largest island of the Chagos Archipelago, SW of Sri Lanka. Part of the British Indian Ocean Territory, the island was leased (1970) to the United States and later developed as a joint U.S. . 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. The joint venture is working to secure a long term contract with the U.S. military to continue removing material from Diego Garcia and other bases. "The project could be very profitable for the joint venture, and it fits in very well with our recent ship purchase," said Eric Montandon, chief executive officer of WWA Group. "We expect to have a substantial number of vehicles and equipment items to sell at auction, and look forward to a long term relationship with the U.S. military." About WWA Group WWA Group, through its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. World Wide Auctioneers, Ltd., is one of the world's largest auctioneers of transportation and industrial equipment. For further investor information, please contact Eric Montandon at 011 971 4 881 6142 or access WWA Group's websites at www.wwagroup.com and www.ironauctions.com. For recent news and quotes, visit Yahoo! Finance at http://finance.yahoo.com/q?s=wwag.ob A number of statements contained in this press release may be considered to be forward-looking statements that are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including market acceptance of services provided, competitive market conditions, governmental regulation, and auction results. 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-KSB and Form 10-QSB. WWA Group's public filings may be viewed at www.sec.gov. |
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