`SECURITIES AND EXCHANGE COMMISSION
                                                        Washington, D.C. 20549

                                                              FORM 10-QSB


(Mark One)
     [X] Quarterly report under Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended June 30,
                                                                     2005.

         [ ] Transition report under Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from
                                                                         to .


                                                   Commission file number: 000-26927


                                                            WWA GROUP, INC.
                                   (Exact name of small business issuer as specified in its charter)


                          Nevada                                                  77-0443643
             (State or other jurisdiction of                                   (I.R.S. Employer
              incorporation or organization)                                  Identification No.)



                                          2465 West 12th Street, Suite 2 Tempe, Arizona 85281
                                          (Address of principal executive office) (Zip Code)


                                                            (480) 505-0700
                                                      (Issuer's telephone number)


Check  whether the  registrant:  (1) filed all reports  required to be filed by Section 13 or 15(d) of the Exchange Act during the past
12 months (or for such shorter period that the  registrant was required to file such reports),  and (2) has been subject to such filing
requirements for the past 90 days.

                                                             Yes X No ____


The number of outstanding  shares of the  registrant's  common stock,  $0.001 par value (the only class of voting stock),  as of August
18, 2005 was 15,969,633.`

---

TABLE OF CONTENTS



|                  |                                                             |                                                                                              |    |      |   | 
|----------------- | ----------------------------------------------------------- | -------------------------------------------------------------------------------------------- | -- | ---- | - | 
|                  |                                                             |                                                                                              |    | Page
|                  |                                                             |                                                                                              |    |     
|PART I.           |                                                             |                                                                                              |    |     
|                  | ITEM 1.
FINANCIAL STATEMENTS                                |                                                                                              |    | 3    |  
|                  |                                                             | Unaudited Balance Sheet as of June 30, 2005                                                  |    |      | 4 | 
|                  |                                                             | Unaudited Statements of Operations for the three and six months ended June 30, 2005 and 2004 |    |      | 5 | 
|                  |                                                             | Unaudited Statements of Cash Flows for the six months ended June 30, 2005 and 2004           |    |      | 6 | 
|                  |                                                             | Notes to Unaudited Financial Statements                                                      |    |      | 7 | 
|                  |                                                             |                                                                                              |    |      |   | 
|                  |                                                             |                                                                                              |    |      |   | 
|                  |                                                             |                                                                                              |    |      |   | 
|                  | ITEM 2.
MANAGEMENT'S DISCUSSION AND ANALYSIS                |                                                                                              |    | 9    |  
|                  | ITEM 3.
CONTROLS AND PROCEDURES                             |                                                                                              |    | 14   |  
|PART II.          |                                                             |                                                                                              |    |     
|                  | ITEM 1. LEGAL PROCEEDINGS                                   |                                                                                              |    | 15   |  
|                  | ITEM 2.
UNREGISTERED SALES OF EQUITY SECURITIES             |                                                                                              |    | 15   |  
|                  | ITEM 3. DEFAULTS UPON SENIOR SECURITIES                     |                                                                                              |    | 15   |  
|                  | ITEM 4.
SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS |                                                                                              |    | 15   |  
|                  | ITEM 5. OTHER INFORMATION                                   |                                                                                              |    | 15   |  
|                  | ITEM 6.
EXHIBITS                                            |                                                                                              |    | 15   |  
|                  | SIGNATURES                                                  |                                                                                              |    | 16   |  
|INDEX TO EXHIBITS |                                                             |                                                                                              | 17 |     

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# PART I

# ITEM 1. FINANCIAL
STATEMENTS

As used herein, the term WWA
Group refers to WWA Group, Inc., a Nevada corporation, unless otherwise indicated.
In the opinion of management, the accompanying unaudited financial statements included in
this Form 10-QSB reflect all adjustments (consisting only of normal recurring accruals)
necessary for a fair presentation of the results of operations for the periods presented.
The results of operations for the periods presented are not necessarily indicative of the
results to be expected for the full year.

---

`WWA GROUP, INC.
                                                                                                   Consolidated Balance Sheet
------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------
                                                                                              June 30,           December 31,
          Assets                                                                                  2005                   2004
                                                                                           (Unaudited)
                                                                               -----------------------------------------------
Current assets:
  Cash                                                                                   $   2,054,143          $   4,635,553
  Marketable securities                                                                        135,500                147,000
  Receivables, net                                                                           5,844,936              6,125,977
  Inventories                                                                                  621,981                 23,510
  Prepaid expenses                                                                             162,886                 73,073
  Notes receivable                                                                           2,597,051              2,435,911
  Other current assets                                                                         112,862                112,718
                                                                               -----------------------------------------------

           Total current assets                                                             11,529,359             13,553,742

Property and equipment, net                                                                  1,140,858              1,071,451
Investment in unconsolidated entity                                                            250,000                250,000

Other assets                                                                                         -                  8,592
                                                                               -----------------------------------------------

                                                                                         $  12,920,217          $  14,883,785
                                                                               -----------------------------------------------
                                                                               -----------------------------------------------

          Liabilities and Stockholders' Equity

Current liabilities:
  Auction proceeds payable                                                               $  10,118,601          $  10,259,801
  Accounts payable                                                                             553,663              2,316,240
  Accrued expenses                                                                             132,372                695,639
  Short term notes payable                                                                           -                 20,000
  Current maturities of long-term debt                                                          85,175                 72,383
                                                                               -----------------------------------------------

           Total current liabilities                                                        10,889,811             13,364,063


Long-term debt                                                                                  88,397                111,633
                                                                               -----------------------------------------------

           Total liabilities                                                                10,978,208             13,475,696
                                                                               -----------------------------------------------

Commitments and contingencies

Stockholders' equity:
  Common stock, $.001 par value, 50,000,000 shares
    authorized; 15,969,663 shares
    issued and outstanding                                                                      15,970                 15,970
  Additional paid-in capital                                                                 1,013,524              1,013,524
  Retained earnings                                                                            912,515                378,595
                                                                               -----------------------------------------------

           Total stockholders' equity:                                                       1,942,009              1,408,089
                                                                               -----------------------------------------------

                                                                                         $  12,920,217          $  14,883,785
                                                                               -----------------------------------------------

See accompanying notes to consolidated financial statements.`

---

`WWA GROUP, INC.
                                                                              Consolidated Statements of Operations
--------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------
                                                              Three Months Ended                   Six Months Ended
                                                                        June 30,                           June 30,
                                                   -----------------------------------------------------------------
                                                            2005            2004             2005              2004
                                                   -----------------------------------------------------------------

Revenues from commissions and services
                                                   $   2,426,575     $ 1,404,934     $  3,431,441       $ 2,937,869

Revenues from sales of equipment                         952,625         949,933        4,126,982         1,089,618
                                                   -----------------------------------------------------------------


           Total revenues                              3,379,200       2,354,867        7,558,423         4,027,487


Direct costs                                           1,971,615       1,347,452        5,629,241         2,152,558
                                                   -----------------------------------------------------------------


           Gross profit                                1,407,585       1,007,415        1,929,182         1,874,929

Operating expenses:

    General, selling and administrative expenses         807,966         709,981        1,603,467         1,441,377

    Depreciation and amortization expense                107,377          70,838          216,829           126,454
                                                   -----------------------------------------------------------------


Total operating expenses                                 915,343         780,819        1,820,296         1,567,831
                                                   -----------------------------------------------------------------


Income from operations                                   492,242         226,596          108,886           307,098
                                                   -----------------------------------------------------------------

Other income (expense):

    Interest expense                                    (82,042)         (5,439)        (115,463)          (38,069)

    Other income                                         303,172          35,509          540,497            76,481
                                                   -----------------------------------------------------------------


Total other income (expense)                             221,130          30,070          425,034            38,412
                                                   -----------------------------------------------------------------


Income before income taxes                               713,372         256,666          533,920           345,510

Provision for income taxes                                     -               -                -                 -
                                                   -----------------------------------------------------------------
           Net income                              $     713,372       $ 256,666      $   533,920        $  345,510

                                                   -----------------------------------------------------------------

Basic and diluted earnings per common share            $    0.04        $   0.02       $     0.03         $    0.02
                                                   -----------------------------------------------------------------

Weighted average shares - basic and diluted           15,970,000      15,967,000       15,970,000        15,967,000
                                                   -----------------------------------------------------------------

                                   ---------------------------------------------------------------------------------
See accompanying notes to consolidated financial statements.`

---

`WWA GROUP, INC.
                                                                    Consolidated Statements of Cash Flows
----------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------
                                                                                Six Months Ended June 30,
                                                          ------------------------------------------------
                                                          ------------------------------------------------
                                                                            2005                     2004
                                                          ------------------------------------------------

Cash flows from operating activities:
  Net income                                                         $   533,920              $   345,510
  Adjustments to reconcile net income to net cash
    (used in) provided by operating activities:

     Depreciation and amortization                                       216,828                  126,454

     Loss (gain) on sale of marketable securities                         11,500                  (9,000)

     Loss on disposition of assets                                             -                   52,773
     Decrease (increase) in:

       Accounts receivable                                               281,041                1,983,074
       Inventories                                                     (598,471)                (638,486)

       Prepaid expenses                                                 (89,813)                  (9,132)

       Related party receivable                                                -                   30,275

       Other current assets                                                (144)                  (2,043)

       Other assets                                                        8,592                    8,589
     Increase (decrease) in:
       Auction proceeds payable                                        (141,200)                  938,749
       Accounts payable                                              (1,762,577)                  447,257
       Accrued liabilities                                             (563,267)                (455,724)
                                                          ------------------------------------------------

        Net  cash   (used  in)   provided   by
        operating activities                                         (2,103,591)                2,818,296
                                                          ------------------------------------------------

Cash flows from investing activities:
  Purchase of property and equipment                                   (261,542)                (203,914)
  Increase in notes receivables                                        (161,140)              (2,228,056)

  Proceeds from sale of marketable securities                                  -                   24,000
                                                          ------------------------------------------------

        Net cash used in investing activities                          (422,682)              (2,407,970)
                                                          ------------------------------------------------

Cash flows from financing activities:

  Net payments on short-term notes                                      (20,000)                (248,813)

  Payments of long-term debt                                            (35,137)                 (45,950)
                                                          ------------------------------------------------


        Net cash used in financing activities                           (55,137)                (294,763)
                                                          ------------------------------------------------

        Net   (decrease)   increase   in  cash
        and  cash equivalents                                        (2,581,410)                  115,563

Cash and cash equivalents at beginning of period                       4,635,553                5,006,042
                                                          ------------------------------------------------

Cash and cash equivalents at end of period                          $  2,054,143             $  5,121,605
                                                          ------------------------------------------------
See accompanying notes to consolidated financial statements.`

---

# WWA GROUP, INC.

# UNAUDITED CONSOLIDATED
NOTES TO FINANCIAL STATEMENTS

# June 30, 2005

Note 1 
Organization and Basis of Presentation

WWA Group, Inc., a Nevada
corporation, was incorporated on November 26, 1996.

World Wide Auctioneers, Ltd. (WWA
Dubai) was incorporated as a limited liability company in the territory of the British
Virgin Islands under the International Business Companies Act, Cap 291 on March 20, 2000.
WWA Dubais principal activities are the trading and auction of used and unused
construction, transportation, and marine equipment.

On August 8, 2003, WWA Group
completed a stock exchange agreement wherein WWA Group acquired 100% of WWA Dubai through
the issuance of 13,887,447 shares of common stock in a transaction wherein WWA Dubai
became a wholly-owned subsidiary of WWA Group. Upon closing of the transaction, the
shareholders of WWA Dubai owned approximately 91% of the issued and outstanding shares of
WWA Group. Because the shares issued in the transaction represent control of the total
shares of the outstanding common stock immediately following the transaction, the
transaction has been accounted for as a reverse acquisition.

The accompanying unaudited financial
statements have been prepared by management in accordance with the instructions in Form
10-QSB and, therefore, do not include all information and footnotes required by generally
accepted accounting principles and should, therefore, be read in conjunction with WWA
Groups Form 10-KSB for the year ended December 31, 2004. These statements do include
all normal recurring adjustments which WWA Group believes necessary for a fair
presentation of the statements. The interim operations are not necessarily indicative of
the results to be expected for the full year ended December 31, 2005.

Note 2  Summary of
Significant Accounting Policies

Net Earnings per Common
Share Basic earnings per share is computed on the basis of the weighted average
number of common shares outstanding. Diluted earnings per share is computed on the basis
of the weighted average number of common shares outstanding plus the effect of outstanding
stock options using the treasury stock method and the average market price per
share during the year. Common stock equivalents are not included in the diluted loss per
share calculation when their effect is anti-dilutive. As of June 30, 2005 WWA Group had no
common stock equivalents outstanding.

Revenue Recognition-Revenues from commissions and services consist of revenues earned in WWA
Groups capacity as agent for consignors of equipment, incidental interest income,
internet and proxy purchase fees, and handling fees on the sale of certain lots. All
commission revenue is recognized when the auction sale is complete and WWA Group has
determined that the auction proceeds are collectible.

Revenues from sales of equipment
consist of the gross amount of the auction sale or private sale of equipment inventory
owned by WWA Group. WWA Group recognizes the revenue from such sales when the auction or
private sale has been completed, the equipment has been delivered to the purchaser, and
collectibility is reasonable assured. All costs of goods sold are accounted for under
direct costs.

---

# WWA GROUP, INC.

# UNAUDITED CONSOLIDATED
NOTES TO FINANCIAL STATEMENTS

# June 30, 2005

Note 2  Summary of
Significant Accounting Policies  (continued)

Stock Based Compensation

WWA Group accounts for stock-based
compensation under the recognition and measurement principles of APB Opinion No. 25,
Accounting for Stock Issued to Employees, and related interpretations. WWA Group has
adopted SFAS No. 123, Accounting for Stock-Based Compensation. In accordance
with the provisions of SFAS 123, WWA Group has elected to continue to apply
Accounting Principles Board Opinion No. 25, Accounting for Stock Issued to
Employees (APB Opinion No. 25), and related interpretations in
accounting for its stock option plans. As of June 30, 2005, WWA Group did not have any
stock options outstanding.

Note 3  Note
Receivable

WWA Group has a note receivable from
a company bearing interest at 2.2% per month that is due June 30, 2005. The note is
secured by the assets of the borrower, consisting mainly of a freight ship. As of June 30,
2005, the principal balance was $2,597,051.

Note 4  Income Taxes

WWA Group operates in the Jebal Ali
Free Zone of Dubai, which is an income tax free zone. Therefore, the profits of WWA Group
are not taxable in Dubai. WWA Group has determined that undistributed earnings from WWA
Dubai will be reinvested in the business indefinitely and that such earnings will not be
distributed to the U.S. parent. Therefore, in accordance with APB Opinion No. 23,
Accounting for Income Taxes  Special Areas, no income tax provision has been
recorded for the undistributed earnings.

---

# Item 2.

# MANAGEMENTS
DISCUSSION AND ANALYSIS

# General

The following discussion and analysis
of our financial condition and results of operation should be read in conjunction with the
financial statements and accompanying notes and the other financial information appearing
elsewhere in this report. WWA Groups fiscal year end is December 31.

WWA Groups business strategy is
to continue to grow the number and size of auctions held during the year and the cash flow
generated from such auctions, and to expand operations to new auction sites. WWA Group
intends to focus on formalizing new joint venture relationships, management arrangements,
new wholly owned facilities, and expanded auctions as a mean to increase net cash flow.

Implementation of WWA Groups
growth model will include expanding its lower cost auction methods, such as on-line
auctions, video auctions and diversifying into transportation equipment only auctions,
which can be held on a more frequent basis than the larger equipment auctions. While
smaller in size, these auctions will not interfere with or detract from WWA Groups
major equipment auctions, and the economics of scale at the Dubai facility are efficient
for this purpose. WWA Group held two on-line auctions and two equipment auction during the
second quarter of 2005.

WWA Group is now offering higher
margin buyer and seller services, such as transport and logistics. WWA Groups
control over a large volume of equipment being moved around the world by its regular
consignors provides vertical integration opportunities that could combine auction services
with the ability to meet transportation needs. WWA Group has formed a strategic alliance
with a shipping vessel and two road transport trucks and trailers, all of which are used
to move equipment for its regular consignors.

Nonetheless, WWA Groups
business development strategy is prone to significant risks and uncertainties certain of
which can have an immediate impact on its efforts to increase positive net cash flow and
deter future prospects for the expansion of its business.

WWA Groups financial condition
and results of operations depend primarily upon the volume of industrial equipment
auctioned, the prices it obtains at auction for such equipment, and the commission rates
it can attract from the consignor. Industrial equipment prices historically have been
volatile and are likely to continue to be volatile in the future, and the commission rates
in WWA Groups primary market are becoming more competitive. This price volatility
and commission rate pressure can immediately affect WWA Groups available cash flow
which can in turn impact the availability of net cash flow for future capital
expenditures. WWA Groups future success will depend on its ability to increase the
size of its auctions and to optimize commissions and prices realized at auction.

Should WWA Group be unable to
increase auction sales and obtain competitive pricing at auction then it can expect a
reduction in revenue which may in turn affect the profitability of its business.

---

# Results of Operations

During the period from January 1,
2005 through June 30, 2005, WWA Group was engaged in conducting un-reserved auctions for
industrial equipment from its auction site located in the Jebel Ali Free Trade Zone,
Dubai, United Arab Emirates and from jointly managed sites in Jakarta, Indonesia, Perth
Australia, Amsterdam, The Netherlands, and Guangzhou, China. WWA Group expects that over
the next twelve months it will continue to hold industrial equipment auctions at
established sites and anticipates the opening of new jointly managed auction locations. To
date, WWA Group has acted as a consultant to strategic partners in auctions outside of
Dubai and has not received any fees from such auctions.

For the six month period ended June
30, 2005 WWA Group realized an increase in net profits from operations as a result of an
increase in commission revenue and equipment sales as compared to the six month period of
the prior year. Three on-site equipment auctions were held in the first six months of 2005
compared to two on-site auctions during first six months in 2004. WWA introduced On-line
only auctions in 2004, and completed two such auctions in the first six months of 2005.
Trading activity also increased in the first six months of 2005. The increase in direct
costs during the first six months of 2005 compared to the first six months of 2004 is due
to an increase in auction activities. Further, WWA Group general and administrative
expenses increased only slightly relative to the significant increase in the number of
auctions during the first six months of 2005 compared to the first six months of 2004. WWA
Group believes that the immediate key to its ability to operate profitably is to increase
the number and the size of its auctions and keep general and administration costs under
control. However, there is no assurance that WWA Group will be successful in increasing
the size and frequency of its auctions or in its efforts to control expenses.

# Three and six months
periods ended June 30, 2005 and 2004

# Revenue

Revenue for the three months ended
June 30, 2005 increased to $3,379,200 from $2,354,867 for the three months period ended
June 30, 2004, an increase of 44%. Revenue for the six months ended June 30, 2005
increased to $7,558,423 from $4,027,487 for the six months period ended June 30, 2004, an
increase of 88%. The increase in revenues over the six months period is mainly due to an
increase in the number of auctions in the first six months of 2005 (three) compared to the
same period in 2004 (two), and the increase in revenue from sales of owned equipment in
2005. The growth in revenue reflects efforts towards expansion in the auction marketplace,
and indicates that WWA Group is on track to increase gross auction revenue in 2005 as
compared to 2004.

# Net Income

Net income for the three months ended
June 30, 2005 increased to $713,372 as compared to net income of $256,666 for the three
months period ended June 2004, an increase of 178%. Net income for the six months ended
June 30, 2005 increased to $533,920 from $345,510 for the six months ended June 30, 2004,
an increase of 55%. Net income in the most recent three month period is more than that in
the same period in 2004, due to the fact that there were two major auctions in Dubai
during the April to June, 2005 period as opposed to one major auction in the April to June
2004 period. WWA Group anticipates further net income growth over the next twelve months.

---

# Expenses

Selling, general and administrative
expenses for the three months ended June 30, 2005 increased to $807,966 from $709,981 for
the three month period ended June 30, 2004, an increase of 14%. Selling, general and
administrative expenses for the six months ended June 30, 2005 increased to $1,603,467
from $1,441,377 for the six months ended June 30, 2004, an increase of 11%. The slight
increase in selling, general and administrative expenses over the three and six month
comparative periods is the result of higher personnel costs and direct auction costs
associated with holding more frequent auctions in the first six months of this year. WWA
Group expects to control selling, general and administrative expenses over future periods
except in relation to selling costs directly associated with increases in the number of
auctions held. Further, WWA Group expects that any increases in selling costs will be
offset by increases in revenues.

Direct costs for the three months
ended June 30, 2005 increased to $1,971,615 from $1,347,452 for the three months period
ended June 30, 2004, an increase of 46%. Direct costs for the six months ended June 30,
2005 increased to $5,629,241 from $2,152,558 for the six months period ended June 30,
2004, an increase of 162%. The increase in direct cost over the six months comparative
periods is due to increase in cost of goods sold and the number of auctions in the current
six month period. WWA Group expects that direct costs will continue to rise with any
increase in trading volume and the anticipated increase in the number and size of auctions
to be held over the next twelve months.

Depreciation and amortization
expenses for the three months ended June 30, 2005 and June 30, 2004 were $107,377 and
$70,838 respectively. Depreciation and amortization expenses for the six months ended June
30, 2005 and June 30, 2004 were $216,829 and $126,454 respectively.

# Impact of Inflation

WWA Group believes that inflation has
had a negligible effect on operations over the past three years. WWA Group believes that
it can offset inflationary increases in the cost of materials and labor by increasing
sales and improving operating efficiencies.

# Liquidity and Capital
Resources

Cash flow used in operating
activities was $2,103,591 for the six months ended June 30, 2005, as compared to cash flow
provided by operating activities of $2,818,296 for the six months ended June 30, 2004.
Negative cash flows from operating activities in the six months ended June 30, 2005 are
primarily attributable to a significant decrease in accounts payable as compared to the
six months ended June 30, 2004. Anticipated increases in net revenues and a decrease in
accounts receivable are expected to generate cash flow produced from operations in future
2005 periods.

Cash flow used in investing
activities for the six months ended June 30, 2005 was $422,682 as compared to cash flows
used in investing activities of $2,407,970 for the six months ended June 30, 2004. The
cash flow used in investing activities in the first six months of 2005 was comprised of
property and equipment purchases of $261,542 and a note receivable of $161,141
attributable to advances to trading partners.

---

Cash flows used in financing
activities were $55,137 for the six months ended June 30, 2005 as compared to $294,763
used in financing activities for the six months ended June 30, 2004. The cash flows used
in financing activities resulted from repayments on short and long-term loan notes.

On June 30, 2005 WWA Group had
auction proceeds payable of approx $10.12 million, accounts payable of $553,663 and other
liabilities of $217,547. WWA Group had $2,054,143 in cash, $5,844,936 in accounts
receivable and $2,597,051 in notes receivable repayable on demand. WWA Group believes that
it has sufficient current assets and operational cash flow to meet its obligations.
However, WWA Group may be required to obtain funding from alternative sources to
accelerate the pay down of auction proceeds to increase customer retention. Sources of
funding WWA Groups working capital include loans from shareholders, the sale of
common stock or other equity instruments, or loans from other sources. WWA Group has
funded its cash needs from inception through operations, increasing its payables, and a
series of debt transactions. WWA Group can provide no assurance that it will be able to
obtain additional financing, if needed, to meet its current obligations. If WWA Group is
unable to increase its cash flows from operating activities or obtain additional
financing, it may be required to delay payment of accounts payable or auction proceeds
payable, which could negatively impact WWA Groups ability to attract and retain
consignors for future auctions.

WWA Group had a working capital
surplus of $639,548 as of June 30, 2005, compared to a working capital surplus of $189,679
as of December 31, 2004.

WWA Group had no formal long-term
lines of credit or other bank financing arrangements as of June 30, 2005.

Since earnings will be reinvested in
operations, WWA Group does not expect to pay cash dividends in the foreseeable future.

WWA Group has no defined benefit plan
or contractual commitment with any of its officers or directors.

WWA Group has no current plans for
any significant purchase or sale of any plant or equipment outside of normal items to be
utilized by yard personnel.

# Critical Accounting
Policies

In the notes to the audited
consolidated financial statements for the year ended December 31, 2004 included in WWA
Groups Form 10-KSB, WWA Group discusses those accounting policies that are
considered to be significant in determining the results of operations and its financial
position. WWA Group believes that the accounting principles utilized by it conform to
accounting principles generally accepted in the United States of America.

---

The preparation of financial
statements requires management to make significant estimates and judgments that affect the
reported amounts of assets, liabilities, revenues and expenses. By their nature, these
judgments are subject to an inherent degree of uncertainty. On an on-going basis, WWA
Group evaluates its estimates, including those related to bad debts, inventories,
intangible assets, warranty obligations, product liability, revenue and income taxes. WWA
Group bases its estimates on historical experience and other facts and circumstances that
are believed to be reasonable, and the results from the basis for making judgments about
the carrying value of assets and liabilities. The actual results may differ from these
estimates under different assumptions and conditions.

WWA Group applies the following
critical accounting policies related to revenue recognition in the preparation of
financial statements.

# Revenue Recognition

Revenues earned in WWA Groups
capacity as agent for consignors of equipment are comprised mainly of auction commissions
in the form of flat selling fees or fixed or sliding percentages of the gross auction sale
price of any consigned equipment. The majority of auction commissions are earned as a
fixed rate of the gross selling price. Revenues from commissions and services also include
any preparation, shipping, clearing, transport and handling charges and fees applicable to
certain items of consigned equipment and incidental interest income. All revenue is
recognized when the auction sale is complete and WWA Group has determined that the auction
proceeds are collectible.

Revenues from sales of equipment
consist of sales of equipment inventory that is owned or underwritten by WWA Group. Sales
occur either in auction or private sale. WWA Group recognizes the revenue from such sales
when the auction or private sale has been completed, the equipment has been delivered to
the purchaser, and collectibility is reasonably assured. All costs of goods sold are
accounted for under direct costs.

# Allowance for Doubtful
Accounts

WWA Group makes estimates of the
collectability of accounts receivable. In doing so, WWA Group analyzes accounts receivable
and historical bad debts, customer credit-worthiness, current economic trends and changes
in customer payment patterns when evaluating the adequacy of the allowance for doubtful
accounts.

---

# Cautionary Statement
Pursuant to Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995

This Form 10-QSB includes certain
statements that may be deemed to be forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. All statements included in this Form 10-QSB,
other than statements of historical facts, address matters that WWA Group reasonably
expects, believes or anticipates will or may occur in the future. Such statements are
subject to various assumptions, risks and uncertainties, many of which are beyond the
control of WWA Group. These forward looking statements may relate to such matters as
anticipated financial performance, future revenue or earnings, business prospects,
projected ventures, new products and services, anticipated market performance and similar
matters. When used in this report, the words may, will,
expect, anticipate, continue, estimate,
project, intend, and similar expressions are intended to identify
forward-looking statements within the meaning of the Securities Act of 1933 and the
Securities Exchange Act of 1934 regarding events, conditions, and financial trends that
may affect WWA Groups future plans of operations, business strategy, operating
results and financial position. The Private Securities Litigation Reform Act of 1995
provides a safe harbor for forward-looking statements. To comply with the terms of the
safe harbor, WWA Group cautions readers that a variety of factors could cause our actual
results to differ materially from the anticipated results or other matters expressed in
our forward-looking statements.

These risks and uncertainties, many
of which are beyond our control, include (i) the sufficiency of existing capital resources
and WWA Groups ability to raise additional capital to fund cash requirements for
future operations; (ii) uncertainties involved in the rate of growth of WWA Groups
business and acceptance of products and services; (iii) the ability of WWA Group to
achieve and maintain a sufficient customer base to have sufficient revenues to fund and
maintain operations; (iv) volatility of the stock market; and (v) general economic
conditions. Although WWA Group believes the expectations reflected in these
forward-looking statements are reasonable, such expectations may prove to be incorrect.

# ITEM 3. CONTROLS AND
PROCEDURES

a)       
          Evaluation of disclosure controls and procedures.

Under the supervision and with the
participation of our management, including our principal executive officer and principal
financial officer, we evaluated the effectiveness of the design and operation of our
disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) under the
Securities Exchange Act of 1934, as of June 30, 2005. Based on this evaluation, our
principal executive officer and our principal financial officer concluded that, as of the
end of the period covered by this report, our disclosure controls and procedures were
effective and adequately designed to ensure that the information required to be disclosed
by us in the reports we file or submit under the Securities Exchange Act of 1934 is
recorded, processed, summarized and reported within the time periods specified in
applicable rules and forms.

(b)    
          Changes in internal controls over financial reporting.

During the quarter ended June 30,
2005 there has been no change in our internal control over financial reporting that has
materially affected, or is reasonably likely to materially affect, our internal control
over financial reporting.

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# PART II

# ITEM 1. LEGAL PROCEEDINGS

None.

# ITEM 2. CHANGES IN
SECURITIES AND USE OF PROCEEDS

None.

# ITEM 3. DEFAULTS UPON
SENIOR SECURITIES

None.

# ITEM 4. SUBMISSION OF MATTERS
TO A VOTE OF SECURITY HOLDERS

None.

# ITEM 5. OTHER INFORMATION

None.

# ITEM 6. EXHIBITS

Exhibits required to be attached by
Item 601 of Regulation S-B are listed in the Index to Exhibits on page 17 of this Form
10-QSB, and are incorporated herein by this reference.

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# SIGNATURES

In accordance with the requirements
of the Securities Exchange Act of 1934, the registrant caused this report to be signed on
its behalf by the undersigned, hereunto duly authorized, this 18thday of
August, 2005.

# WWA GROUP, INC.

Eric Montandon

Chief Executive Officer
and Director

_/s/ Digamber Naswa

Digamber Naswa

Chief Financial Officer and
Director

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### INDEX TO EXHIBITS

|Exhibit No. | Page No. | Description                                                                                                                                                                                                                                                                                                            
|----------- | -------- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|3(i)(a)     | *        | Articles of Incorporation of WWA Group formally known as Conceptual Technologies, Inc. a Nevada corporation
 dated November 26, 1996 (incorporated herein by reference from the Form 10SB12G/A as filed with the Commission on November 29, 1999                                                                       
|3(i)(b)     | *        | Certificate of Amendment of the Articles of Incorporation of WWA Group filed on August 29, 1997 effecting
 a 1-for-14(incorporated herein by reference from the Form 10SB12G/A as filed with the Commission on November 29,
 1999)                                                                                     
|3(i)(c)     | *        | Certificate of Amendment to the Articles of Incorporation changing the name of WWA Group, Inc. from Conceptual Technologies, Inc. to
                           NovaMed, Inc. (incorporated herein by reference from the Form 10-SB12G/A as filed with the Commission on
                           November 29, 1999).
|3(i)(d)     | *        | Certificate of Amendment to the Articles of Incorporation changing the name of WWA Group, Inc. from NovaMed, Inc. to WWA Group, Inc.
(incorporated herein by reference from the Form 10-SB12G/A as filed with the Commission on November 29, 1999).                                                                    
|3(ii)       | *        | Bylaws of WWA Group adopted on November 12, 1996 (incorporated herein by reference from the Form 10-SB12G/A as filed with the
Commission on November 29, 1999).                                                                                                                                                        
|10          | *        | Stock Exchange Agreement between WWA Group, Inc. and World Wide Auctioneers Ltd. dated August 5, 2003 (incorporated herein by
reference from the Form 8-K filed with the Commission on August 25, 2004).                                                                                                               
|14          | *        | Code of Ethics adopted on March 28, 2004 (incorporated by herein by reference from the 10-KSB filed with the Commission on March 30,
2004).                                                                                                                                                                            
|31(a)       | Attached | Certification of the Chief Executive Officer pursuant to Rule 13a-14 of the Commissionurities and Exchange Act
 of 1934 as amended, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002                                                                                                               
|31(b)       | Attached | Certification of the Chief Financial Officer pursuant to Rule 13a-14 of the Commissionurities and Exchange Act
 of 1934 as amended, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002                                                                                                               
|32(a)       | Attached | Certification of the Chief Executive Officer pursuant to 18 U.S.C. Section 1350 as adopted pursuant to
 Section 906 of the Sarbanes-Oxley Act of 2002                                                                                                                                                                  
|32(b)       | Attached | Certification of the Chief Financial Officer pursuant to 18 U.S.C. Section 1350 as adopted pursuant to
 Section 906 of the Sarbanes-Oxley Act of 2002                                                                                                                                                                  

* Incorporated by reference from previous filings of WWA Group, Inc.

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