WWA Group Reports on Major Dubai Auction.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 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. "While the overall sale volume was relatively consistent with recent Dubai auctions, we saw a record increase in the number of successful buyers," commented Chris Bettinson, general manager of WWA Group's auction business. "Our aggressive marketing plan to attract new customers is already showing results, which is translating into higher prices in many categories. We expect this trend to continue as we expand our international buyer presence." This was the 43rd auction held by WWA Group's 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. in Dubai since March of 2001, and was the first of 6 physical auctions planned for Dubai in 2007. 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 info@ironauctions.com or call 011 971 4 881 6142. WWA Group is a public company; its common shares trade on the OTCBB under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors "WWAG.OB" 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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. : 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·mend v. a·mend·ed, a·mend·ing, a·mends v.tr. 1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive. 2. . 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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