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WWA Group Reports on Major Sale and Supply Agreements for Power Track Projects

Posted on: Monday, 7 May 2007, 12:00 CDT

WWA Group, Inc. (OTCBB:WWAG) today announced that Power Track Projects FZE has signed a major sale agreement and two important supply agreements, in addition to retiring some of its outstanding common stock. WWA Group, through its wholly owned subsidiary World Wide Auctioneers, Ltd. -- Dubai, acquired 32.5% of Power Track Projects in December of 2006. Power Track is engaged in a large scale limestone mining and aggregate production project in Ras Al Khaimah, U.A.E.

In early 2007 Power Track completed the nearly $2 million sale of one crushing plant and approximately 400,000 tons of processed aggregate material for cash. The transaction also included an agreement to supply over 4 million tons of feedstock at floating market rates to the sold crushing plant through the end of 2010. Proceeds of the sale were used to pay down company debt and retire equity in the company, which resulted in an effective 10% stock dividend to remaining shareholders including WWA Group.

In April 2007, Power Track also signed a one-year supply agreement for 2,500 tons per day of crushed aggregate from its number two and three crushing plants to a ready mix concrete manufacturer in the U.A.E.

"The company we invested in is now generating fixed revenue at about 35% of production capacity, and we see strong demand for all of its production at fair market rates," commented WWA Group CEO Eric Montandon. "The major sale of plant and material resulted in an overall profit for the first quarter, and current production and sales figures indicate the project should be cash flow positive for the full year 2007. While the project still needs additional funding to accelerate production increases, we are pleased with what has been accomplished organically."

WWA Group is a public company; its common shares trade on the OTCBB under the ticker symbol "WWAG.OB."

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 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 Group's public filings may be viewed at www.sec.gov.

Source: Business Wire

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