World Wide Auctioneers Group Inc (WWAG.OB) engages in the trading and auctioning of transportation and industrial equipment worldwide. WWA holds fully unreserved auctions mainly for consigned equipment, with no minimum bids, seller bids, or reserve prices, assuring buyers and sellers that their equipment is traded at fair market value. A list of auctioned items by the company includes mobile and stationary earthmoving and construction equipment, such as crawler tractors, excavators, wheel loaders, cranes, trucks and trailers, generators, compressors, agricultural tractors, and forklifts.
WWA Group was founded in 1996 and is based in Tempe, Arizona, but conducts the majority of its auctions in its Dubai facilities. Since early 2001, WWA Group has held more than 110 auctions around the world, selling over 66,000 items for a combined total of over $760 million. The company operates an in-house, state of the art Internet site with its own equipment search engine and interactive buyer and seller features. Live online bidding, onsite video presentation and wireless electronic bidding systems in use at WWA Group auctions offer the most modern technologies available in the industry.
WWA Group is the largest seller of used construction and industrial equipment in the booming Gulf Region of the Middle East and has expanded it’s dominant position to include related businesses in shipping and mining. This expansion also includes the M/V Iron Butterfly, a shipping vessel that WWA Group owns and charters to companies in the Persian Gulf. The rapid industrial expansion in cities such as Dubai and Abu Dhabi are securing growth revenue for WWA Group in the future.
Let us hear your thoughts below: