posted
this rare and unnoticed stock is stirring up lately. Maybe getting ready for a run? This company auctions heavy equipment in the middle east, and also to countries like indonesia with its recent earthquake and other middle east countries devastated by terrorist bombings. They will need these heavy equipment for rebuilding.
Posts: 785 | From: la | Registered: May 2005
| IP: Logged |
posted
here it is again. WWA Group Joins Joint Venture That Lands U.S. Military Equipment Disposal Contract WEDNESDAY, OCTOBER 04, 2006 9:57 AM - BusinessWire
WWAG 0.99 +0.25
Enter Symbol:
Enter Keyword:
DUBAI, United Arab Emirates, Oct 04, 2006 (BUSINESS WIRE) -- WWA Group, Inc. (WWAG) , announced today that it has joined forces with East Rim Trading, Ltd., a British Virgin Island registered company and Big Iron Trading, Ltd., a Philippine based equipment trading company, to win a tender for the disposal of thousands of tons of scrap metal, vehicles and equipment for the U.S. military on the British territory of Diego Garcia.
The joint venture won the tender for the disposal contract, and is now in the process of sorting and removing hundreds of machines, vehicles, and containers of scrap metal from the island military base. WWA Group has sent its recently purchased RO-RO vessel to Diego Garcia to facilitate the transportation of equipment and scrap metal to Dubai for sale or auction.
The joint venture is working to secure a long term contract with the U.S. military to continue removing material from Diego Garcia and other bases.
"The project could be very profitable for the joint venture, and it fits in very well with our recent ship purchase," said Eric Montandon, chief executive officer of WWA Group. "We expect to have a substantial number of vehicles and equipment items to sell at auction, and look forward to a long term relationship with the U.S. military."
About WWA Group
WWA Group, through its wholly owned subsidiary World Wide Auctioneers, Ltd., is one of the world's largest auctioneers of transportation and industrial equipment. For further investor information, please contact Eric Montandon at 011 971 4 881 6142 or access WWA Group's websites at www.wwagroup.com and www.ironauctions.com. For recent news and quotes, visit Yahoo! Finance at http://finance.yahoo.com/q?s=wwag.obPosts: 785 | From: la | Registered: May 2005
| IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
