WWA Group Inc. (WWAG.OB) through its 100% owned subsidiary, World Wide Auctioneers Ltd., is now one of the largest auctioneers of heavy equipment globally. The company focuses its operations on dynamic, underserved regions outside of North America.
WWA Group has held more than 115 auctions around the world since 2001 in locations including Dubai, Guangzhou, Jakarta, and Perth. The company’s founding partners have a combined total of over 45 years experience in buying, selling, and auctioning heavy equipment in Europe, Asia and the Middle East.
From the company’s founding through 2007, WWA Group sold over 66,000 items for a combined total of over $760 million. Combined 2007 results produced a record figure of over $135 million in gross auction sales, an increase of 23%. The company’s first auction of 2008 in Dubai also went well. WWA Group’s gross auction sales exceeded $18.1 million.
The company believes they are poised for future growth. WWA Group CEO Eric Montandon said, “The UAE and other near-by Gulf countries are financing a diversified construction and in-migration boom that is only just beginning. Our businesses are positioned to take advantage of the economic dynamics of the Gulf, while constantly evaluating other opportunities both within and without the region.”
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