| WWA Group Reports Record Revenues and Earnings in 2006
DUBAI, United Arab Emirates--(BUSINESS WIRE)--WWA Group Inc. (OTCBB: WWAG), one of the world's largest auctioneers of transportation and industrial equipment, announced record-setting results in 2006, as disclosed in WWA Group's Form 10-KSB, available at http://www.sec.gov. Revenue for the year ended December 31, 2006 increased 8% to $17,622,384 from $16,312,971 for the comparable period ended December 31, 2005. Revenue increases came from a 10% increase in commission and service revenue in 2006 over 2005, and the addition of revenue from the acquisition of a shipping business in 2006. Gross profit increased 29% to $5,519,858 in 2006 from $4,272,735 in 2005. Net income for the twelve month period ended December 31, 2006 increased 5% to $1,179,911, after a non-cash charge of $175,175 incurred as a result of stock option expenses.
Minot Park Board accepts bids for pool projects
The Minot Park Board voted unanimously Tuesday night to accept the bids for the Roosevelt Park and Oak Park pool projects after the costs were lowered a bit.
A clarification from the soil engineer indicated that excavation under the existing pool deck slabs at Roosevelt Park pool would not be necessary, resulting in a savings of $30,000. The concrete blocks used for the bath house were changed from burnished blocks to regular blocks, which saved $36,050. This brought the general contract down to $951,550. In the end, the combined total of all of the contracts was reduced by $89,689.
The replacement of the small barn in the childrens zoo at Roosevelt Park Zoo was also discussed. With the zoo opening in two weeks, zoo management felt the barn, which was destroyed by fire recently, needed to be replaced as quickly as possible.
Dust control bids awarded to Overland Park firm
Scotwood Industries of Overland Park was awarded its bids for delivering and applying magnesium chloride to control dust on Miami County's gravel roads.Staff at the Miami County Highway Department selected about 400 miles of county gravel roads for magnesium chloride treatment this spring. Travel patterns, traffic patterns and detour routes were criteria used to selected the road sections to be treated.The County Commission awarded Scotwood's bids of $21,315 for delivery and $161,455 for the application of the magnesium chloride. Envirotech of Greeley, Colo., bid a delivered price of $20,909 and an applied price of $162,974J.R. McMahon, county public services director, recommended awarding both bids to Scotwood. The company has supplied magnesium chloride to the county in previous years and is familiar with county roads and staff.
Chuckwagon bids mirror Albertan citizens' flair for spending
CALGARY (CP) - The first big event of this city's renown boot-stompin' Stampede, the annual chuckwagon canvas auction, blew out of the gate, raising a record-smashing $4 million.
The total - money spent to get your company name on a chuckwagon - is a 40 per cent jump from last year and another sign of Alberta's raging hot economy and its citizens' flair for spending.
"It's beyond anything we could of expected," Scott Postlewaite, Stampede chuckwagon committee chair said, above the noise of the auction crowd. "It's unbelievable."
Expect excess could be Alberta's new motto, where petrodollars fund a just-announced record $33.1-billion provincial budget, and the strongest retail market in the country.
And in a province which leads national economic growth, and a city with a $60 billion gross domestic product, shelling out $205,000 to get your corporate logo on a chuckwagon canvas just seems to make sense.
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