WWA Group Ends its Financial Year with Record Auction in Dubai

DUBAI, United Arab Emirates--(BUSINESS WIRE)--WWA Group, Inc. (OTCBB: WWAG) today announced the record breaking conclusion of the most recent auction held at WWA Group's Dubai facility during the period December 20, 21, and 22, 2008.

“The recent downturn in project awards has caused an increase in the number of bulk sales of good quality equipment”

Gross auction sales exceeded US$33.1 million and involved more than 365 registered bidders from 23 countries. Equipment consigned by 115 consignors from 16 countries, comprised of 1,463 items, was sold to 209 successful bidders.

The December auction was WWA Group’s last major auction in Dubai in 2008, and was the largest ever in terms of gross auction sales. Gross auction sales were 16% higher than the previous record auction held in Dubai in September 2007.

“The recent downturn in project awards has caused an increase in the number of bulk sales of good quality equipment,” commented Eric Montandon, CEO of WWA Group. "As a result we had very good buyer turnout, and the number of successful bidders was as high as we have ever experienced. Prices for most categories of equipment were lower than they were six months ago, but demand for equipment is still strong. What we are seeing is buyers looking to our auctions for market priced equipment as opposed to dealer financed equipment priced at levels that are no longer attractive. We expect these trends to continue through 2009.”

Actual sale prices for all items sold at our auctions are published for members at www.ironauctions.com. Member registration is free on the site, by clicking on "Auction Results." Lists of equipment for sale at upcoming WWA Group auctions are updated daily on the site. Anyone interested in consigning equipment to the auctions, or registering to bid, can e-mail info@ironauctions.com or call 011 971 4 881 6142.

WWA Group is a public company; its common shares trade on the OTCBB under the ticker symbol "WWAG.OB." The company maintains its corporate web site at www.wwagroup.com.

For further investor information, please contact Eric Montandon at 011 971 4 881 6142 or access our Web site at http://www.wwagroup.com.

Forward-Looking Statements:

A number of statements contained in this press release are forward-looking statements. These forward-looking statements involve a number of risks and uncertainties including the timely development, and market acceptance of products and technologies, competitive market conditions, successful integration of acquisitions and the ability to secure additional sources of financing if required. The actual results WWA Group may achieve could differ materially from any forward-looking statements due to such risks and uncertainties. WWA Group encourages the public to read the information provided here in conjunction with its most recent filings on Form 10-K and Form 10-Q. WWA Group's public filings may be viewed at www.sec.gov.