WWA Group Reports on Major Dubai Auction
Published February 15th, 2007
Press Release
WWA Group, Inc. (OTCBB:WWAG) 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 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.
