[12/07/09]
WWA Group Announces Equity Stake In Online Asset Disposals Worldwide
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[11/17/09]
WWA Group Announces Results of Expanded Auction Schedule
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[09/25/09]
WWA Group Launches Its US Auction Business in El Paso, Texas September 29, 2009
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WWA Group, Inc is a U.S. registered diversified industrial services company. The Company was founded on heavy equipment Auctions in Dubai, and expanded into Shipping, equipment rentals, Construction, Earthmoving, and other complimentary services. The Dubai operations were sold off in October 2010, and the Company continues to hold its investment into a US based construction and project management company and an on line asset auction company based in the US.
WWA Group, Inc. trades on the U.S. OTC stock market under the symbol WWAG.ob, and files regular reports with the US Securities and Exchange Commission (SEC).
Project/Equipment Management
WWAG holds a significant stake in publicly listed Infrastructure Developments, Inc. ("IDVC") a US-based international engineering and project management firm, operating in the UAE, and Southeast Asia. IDVC focuses on difficult, high-specification projects in the $1-10 million range in the Middle East, East Asia, and Oceania, which require international-standard expertise but are too small to attract the global engineering giants. IDVC's managers have decades of project management and engineering experience on all types of projects, from forward base camps to pipelines to major government infrastructure, leaving the company well positioned to compete in the market for difficult, small to medium sized project management contracts. Current projects include management of a limestone removal project in Ras Al Khaimah (RAK), U.A.E., the design build of training facilities in Thailand, Indonesia and Cambodia for the U.S. Navy, and management of a large oil sands concession in Indonesia.
On-line Auctions
Expanding into Online Asset trading, WWAG holds an equity stake in Asset Forum LLC, an Arizona-based company providing an international listing service that matches sellers with buyers for a broad range of assets. Asset Forum's model is based on advertising assets for sale in a "free listing by owner" format that provides listing services for owners of a broad range of categories of real assets, with a unique forum function where the public can post comments on the assets and buyers can deal direct with the sellers. Asset Forum has attracted hundreds of asset listings in 2010, and plans to leverage these listings with the addition of WWA Group's online auction platform in 2011.