May 1, 2009
WWA Group, Inc is a U.S. registered, diversified industrial services company with its primary operations based in the U.A.E. The Company was founded on heavy equipment auctions in Dubai, and has expanded into shipping, equipment rentals, construction and earthmoving, and other complimentary services.
WWA Group Inc.
600 East Baseline Road
Suite B3
Tempe, AZ 85283
United States
Phone: 480-505-0070
Fax: 480-505-0071
Web Site: http://www.wwagroup.com
Market Data
Recent Price: $0.47
Out Shares: 22,592,000
Market Cap: 10.6 Million
Exchange: OTC BB
Stock Chart
Overview
World Wide Auctioneers holds fully unreserved auctions, with no minimum bids, seller bids, or reserved items, assuring buyers and sellers that equipment is traded at fair market value. Auctions are held in Dubai, Guangzhou, Jakarta and Perth, with at least one more location planned for 2009. WWA strives to provide the finest service in the Industrial Auction business.
WWA has held more than 137 auctions around the world since early 2001, selling over 83,000 items for a combined total of over $1,015.5 Million US Dollars. The founding partners have a combined total of over 45 years of experience in buying, selling, and auctioning of heavy equipment in Europe, Asia, and the Middle East.
These partners have joined together to present a comprehensive range of services geared to buyers and sellers of industrial, construction, and maritime equipment, materials, and products, based on a combination of physical, video and Internet-based auctions.
-Construction and Heavy Equipment Auction-
Since its inception, WWA has sold at auction over 53,000 items construction equipment at its 61 auctions in Dubai from March 2001 through April 2009, for a total amount of over $786.5 Million in auction value. Along with WWA’s other locations and partners this total has reached $1,015.5 Million. WWA controls a market share of over 65% of all industrial equipment auction sales concluded in Dubai since 2005.
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-Project/ Equipment Management-
Headquartered in the United States, Intelspec, with it's UAE licensed arm Power Track Projects, focuses on projects in the Middle East, East Asia, and Oceania. It's key managers have decades of project management and engineering experience on all types of projects, from forward base camps to pipelines to major government infrastructure. The company is well positioned to compete in the market for difficult, small to medium sized project management contracts.
-Shipping and Marine Services-
Subsidiary Crown Diamond Holdings owns its flagship the M.V. Iron Butterfly, a specially equipped RO RO / Heavy lift ship that carry the heaviest equipment cargo for our customers in the Arabian Gulf and Indian Ocean. This shipping arm of WWA Group also owns a barge mounted RO desalination plant capable of producing 300,000 gallons per day of pure drinking water for specialized projects along the Arabian Gulf Coast. We also operate a quayside ship repair and supply depot in the RAK City Port, UAE.
Management
WWA was founded and is managed by people with direct hands-on experience in the industrial equipment business, who are committed to providing efficient, effective services. WWA corporate structure includes one subsidiary and three joint venture partner companies, each licensed and registered to operate in its respective country. The parent company and its partners can do business as a whole or individually, adapting easily to any situation.
Financial Growth
WWA Group has auctioned over $786.5 million dollars worth of vehicles and equipment from its Dubai facilities since early 2001. The equipment auctioned was comprised of more than 53,000 items from 5,500 consignors that were sold to over 8,300 bidders. WWA Group controls a market share of over 65% of all industrial equipment auction sales concluded in Dubai in 2005, 2006, 2007 and 2008, and the market is projected to continue to grow.
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