DUBAI, United Arab Emirates, TORONTO, Canada–(RUSHPRNEWS) August 9, 2007 — WWA Group, Inc. (OTCBB: WWAG – News) today announced that noted â€œpenny stock pro â€Peter Leeds, has included WWA Group Inc (WWAG.OB) in his elite group of recommended small-company stocks. Leeds has projected a long term price target of $1.65 to $2.45 per share for WWA Groupâ€™s stock.
â€œPeter Leeds is known as an ethical, completely independent and unbiased advisor. We were not even aware of his research until well after the release of his recommendation on July 12â€, stated WWA Group CEO Eric Montandon. â€œWe are of course extremely pleased to see our company recommended by a professional of this caliber. We have grown earnings and revenue in every year since we started our business, and achieved a dominant position in one of the worldâ€™s most dynamic markets. This recommendation is a step toward wider recognition of WWA Groupâ€™s accomplishments.â€
Peter Leeds.com is a leading North American source of penny stock picks and market research, with over 12,000 paying subscribers, including many investment professionals. Leeds has achieved an unparalleled reputation for clear, unbiased research, and has been featured by theAssociated Press, NBC, CBS, and CNNfn. His proprietary Leeds Analysis process is described as a combination of fundamental and technical analysis that allows him â€œto identify stocks from well-run companies, those that haven’t yet been discovered, and companies with great upsides. With Leeds Analysis, he also avoids companies with any warning signs, such as weak management, decreasing revenues, or high debt.â€ Leeds regards only 5% of penny stocks as having real investment potential, and from this group selects only two per week for recommendation.
About WWA Group:
WWA Group, Inc., together with its subsidiaries, engages in the trading and auctioning of transportation and industrial equipment worldwide, with a primary base of operations in Dubai, U.A.E. Auctioned items include 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 is the largest seller of used construction and industrial equipment in the booming Gulf Region of the Middle East and has recently expanded its dominate position to include related businesses.
In 2006 WWA Group purchased an RO shipping vessel specializing in carrying heavy equipment in the Gulf region and India and acquired a substantial equity position in an earthmoving equipment and mining project management company with a large limestone mining operation in the U.A.E. WWA Group is also engaged in a long term project to remove and dispose of transportation and construction equipment from the U.S. Military base in Diego Garcia. Other related businesses such as new equipment sales and rentals are also being explored.
WWA Group recently signed a 20-year lease on a 1 million square foot yard facility in the Jebel Ali Free Zone, Dubai, near the center of the worldâ€™s largest free zone, port and airport complex. A new permanent operating facility is being constructed on this site to house its headquarters and equipment operations. New lines of bank credit have been granted by several U.A.E. based banks in 2007, to finance asset purchases and working capital. WWA Groupâ€™s overall expansion plan is expected to result in steadily increasing revenue and profits based on an expanding asset base.
WWA Group is a public company; its common shares trade on the OTCBB under the ticker symbol “WWAG.OB.” WWA Group maintains web sites at www.wwagroup.com and www.ironauctions.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.
About Peter Leeds:
Peter Leeds, CEO of peterleeds.com is also a successful book author. Leeds is widely known in the industry as the Penny Stocks Pro, a reputation built on giving clear and informed financial guidance based on years of investing in penny stocks, a passion that started at the young age of fourteen when he invested and lost the hard-earned sum of $3,800. From this modest beginning to today’s own financial success, Leeds learned by mistake and developed LEEDS ANALYSIS, a proprietary system of analysis which enables him to pick winners in the penny stock market and make suggestions in his newsletter. Leeds has helped thousands of others achieve their dreams of greater wealth by subscribing to the PeterLeeds.com newsletter.
Media contact: To request an interview with Peter Leeds, contact his publicist Anne Howard at 310-295-9578, or at email@example.com or visit the Web site at www.peterleeds.com
A number of statements contained in this press release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended. A safe-harbor provision may not be applicable to the forward-looking statements made in this press release because of certain exclusions under Section 27A (b). These forward-looking statements involve a number of risks and uncertainties, including 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. The actual results that 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-KSB and Form 10-QSB. WWA Groupâ€™s public filings may be viewed at www.sec.gov.
Media Contact for WWA Group Inc.:
WWA Group Inc.
Eric Montandon, 011 971 4 881 6142
Source: WWA Group Inc.
WWA Group Inc.
011 971 4 881 6142
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