Otcbb GNAU Thread

[Stock_Analyzer]

Here is a stock that just came out with great news recently and could be ready for a move upward again.

GNAU.OB: Summary for GENERAL AUTOMOTIVE - Yahoo! Finance

General Automotive Revenues Increase 51 Percent for First Quarter 2008
Thursday May 22, 8:30 am ET
Substantial Sales Increase Reflects Growing Demand for Replacement Parts


ORLANDO, Fla., May 22, 2008 (PRIME NEWSWIRE) -- General Automotive Company (OTC BB:GNAU.OB - News) (``GA''), a provider of original equipment and aftermarket automotive parts, mobile electronics and related products, today reported financial results for its first quarter ended March 31, 2008.
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Revenue for the 2008 first quarter rose 51% to $4.07 million from $2.69 million in the 2007 first quarter. Gross profit for the 2008 first quarter was $345,000 compared to $482,000 in the prior-year period. The company recorded a net loss of $504,000, or $0.07 per diluted share, compared to a net loss of $443,000, or $1.15 per diluted share, in the 2007 first quarter.

President and CEO Joe DeFrancisci commented, ``Since General Automotive became a public company on February 22, 2008, we've focused on building a platform for the company's future growth. We're pleased with our revenue increase, which was driven by initiatives such as working more closely with our major distributor customers to satisfy the growing demand for engine replacement parts. In tougher economic times, consumers tend to keep their cars longer, increasing the need for the parts General Automotive supplies. We also greatly strengthened our balance sheet, reducing total liabilities from $12.125 million to $4.4 million.

``To increase the efficiency of our operations going forward, we've been expanding our Asia sourcing activities and supplier quality programs. All of these actions are putting General Automotive in a good position to execute our growth strategy going forward. Our plan is to grow both organically and via acquisition within the auto parts and accessories product market. Our focus is on finding and acquiring market leaders with strong growth potential for revenue and profit improvement and outstanding management teams.''

CFO Harry Christenson added, ``Our selling, general and administrative expenses were consistent for the two comparative three-month periods ended March 31, 2008 and 2007. Although we achieved certain expense reductions in our day-to-day operations, they were offset by the new costs of being a public company of approximately $217,000. We recorded expenses of approximately $28,000 for the value of stock issued as compensation for services in the three months ended March 31, 2008 as compared to $312,000 in the same period of 2007. However, net loss improved by only approximately $148,000, due primarily to reduced gross profit margins.''

About General Automotive

General Automotive Company (``GAC'') is a provider of original equipment and aftermarket automotive parts, mobile electronics, and related automotive products at multiple levels of distribution throughout the United States and internationally. Through its two wholly owned subsidiaries, Global Parts Direct and OE Source, the company focuses its efforts on utilizing its relationships with manufacturers in China, Korea and Japan to bring state-of-the-art automotive parts, accessories and products to automobile manufacturers and major parts distributors in the U.S. For more information on GAC and its products, please visit: Untitled Document.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.



GENERAL AUTOMOTIVE COMPANY AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET (Unaudited)


March 31, 2008
Assets

Current assets:
Cash and cash equivalents $ 18,301
Accounts receivable 2,378,246
Inventories 967,439
-----------
Total current assets 3,363,986

Property and equipment, net 20,640
Customer relationship, net 1,219,126
Other assets, net 211,922
-----------
$ 4,815,674
-----------

Liabilities and Shareholder's Equity

Current liabilities:
Accounts payable $ 2,022,473
Lines of credit 1,425,426
Accrued expenses 582,065
Warrant liability 14,400
Notes payable to related parties 360,000
-----------
Total current liabilities 4,404,364
-----------

Commitments and contingencies --

Shareholder's equity:
Preferred stock, $0.001 par value; 10,000,000 shares
authorized, none issued and outstanding --
Common stock; $0.001 par value; 90,000,000 shares
authorized, 14,363,684 issued and outstanding 14,364
Additional paid-in capital 7,886,942
Accumulated deficit (7,489,996)
-----------
Total shareholder's equity 411,310
-----------
$ 4,815,674
-----------


GENERAL AUTOMOTIVE COMPANY AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited)

Three months ended
March 31,
2008 2007
---- ----

Revenues $ 4,068,187 $ 2,694,919
Costs of goods sold 3,723,275 2,212,756
----------- -----------

Gross profit 344,912 482,163

Expenses:

Selling, general and administrative 719,247 574,964
Stock-based compensation 28,125 311,813
----------- -----------

Loss from operations (402,460) (404,614)

Other income (expense):
Interest expense (102,032) (39,595)
Other, net 587 1,422
----------- -----------

Total other expense, net (101,445) (38,173)
----------- -----------

Net loss $ (503,905) $ (442,787)
----------- -----------

Loss per share
Basic and diluted $(0.07) $(1.15)
------ ------
Weighted average number of common shares
outstanding:
Basic and diluted 7,506,189 386,313
--------- -------



Contact:
Lippert/Heilshorn & Assoc.
Investor Relations Contact:
Elric Martinez
212-838-3777
emartinez@lhai.com

General Automotive Company
Joseph L. DeFrancisci, President & CEO
407-363-5633
jdefrancisci@generalautomotive.com


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Source: General Automotive Company

[Stock_Analyzer]

Support at .60 and 54 .40 ranges and resistance at .82 then 1.00 and 1.20 ranges

[Stock_Analyzer]

Good volume today, made a higher high but didnt crack that .70 mark yet

[Stock_Analyzer]

General Automotive Company President and CEO Joseph DeFrancisci to Conduct Exclusive Webcast With The Green Baron Report
Thursday May 29, 12:30 pm ET


ORLANDO, Fla., May 29, 2008 (PRIME NEWSWIRE) -- General Automotive Company (OTC BB:GNAU.OB - News) (``GA''), a provider of original equipment and aftermarket automotive parts, mobile electronics and related products, today announces that President and CEO Joseph DeFrancisci will conduct an exclusive, new, audio-taped webcast interview so that GNAU shareholders and the investment community can learn more about the current and future prospects of the Company. Unrestricted access to the webcast will be available beginning on Tuesday, June 3 at TheGreenBaron.com - Free Stock Picks. This webcast will be available as well at StrictlyStocks.com - Free Webcast Alerts, ``Where Wall Street speaks to the World.''
About General Automotive

General Automotive Company (``GAC'') is a provider of original equipment and aftermarket automotive parts, mobile electronics, and related automotive products at multiple levels of distribution throughout the United States and internationally. Through its two wholly owned subsidiaries, Global Parts Direct and OE Source, the company focuses its efforts on utilizing its relationships with manufacturers in China, Korea and Japan to bring state-of-the-art automotive parts, accessories and products to automobile manufacturers and major parts distributors in the U.S. For more information on GAC and its products, please visit: Untitled Document.

About The Green Baron Report

The Green Baron Report is a subsidiary of Evergreen Marketing. The Green Baron Report is an internet stock market newsletter that focuses on low-priced stocks that appear to have significant upside potential. For more information about Evergreen Marketing, Inc. and their subsidiary The Green Baron Investors Society, visit them on the web at Home and TheGreenBaron.com - Free Stock Picks or StrictlyStocks.com - Free Webcast Alerts. Investors who wish to begin receiving The Green Baron Report for free can join at TheGreenBaron.com - Stock Picks. Our disclaimer can be viewed at TheGreenBaron.com - Free Stock Picks.



Contact:
General Automotive Company
Joseph L. DeFrancisci, President & CEO
407-363-5633
jdefrancisci@generalautomotive.com

Lippert/Heilshorn & Assoc.
Investor Relations Contact:
Elric Martinez
212-838-3777
emartinez@lhai.com


--------------------------------------------------------------------------------
Source: General Automotive Company

[Stock_Analyzer]

General Automotive Expands Board of Directors
Tuesday June 10, 8:32 am ET
Managing Partner of Charter Oak International and Former Top Saab Executive Join Board


ORLANDO, Fla., June 10, 2008 (PRIME NEWSWIRE) -- General Automotive Company (OTC BB:GNAU.OB - News) (``GA''), a provider of original equipment and aftermarket automotive parts, mobile electronics and related products, today announced that Anthony J. Dowd and Kenneth F. Adams have joined its Board of Directors.
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Anthony Dowd is the Managing Partner of the private equity partnership, Charter Oak International Partners, as well as a General Partner of Charter Oak Partners, a 32-year-old equity hedge fund. During his 16 years at Charter Oak, Dowd has directed and led the partnerships' acquisition of, or investment in, privately held businesses. Since founding Charter Oak's private equity business, Dowd and his team have completed more than 45 acquisitions.

Kenneth Adams, who will serve as Chairman of GA's Audit Committee, was Vice President and Chief Financial Officer of Saab Cars USA, Inc., a subsidiary of General Motors Corporation and a wholesale distributor of Saab cars, parts and accessories with annual sales of more than $1 billion, for 13 years. He also served on the company's Board of Directors from 1992 until his retirement in 2005. Adams joined Saab in 1974 as Treasurer and held roles of increasing responsibility over his 31 years with the company. In addition to being responsible for all its financial activities, controls and reporting as CFO, he was a member of the executive team, operations team and chairman of the pension committee.

``Tony and Ken's vast experience in corporate finance and their business insights will be extremely valuable to General Automotive as we pursue our strategy of growth by acquisition,'' commented President and CEO Joseph DeFrancisci. ``It is an honor to have people of their stature join our team and help us further GA's growth and success as we expand our portfolio of operating companies.''

Prior to joining Charter Oak Partners, Dowd was a Senior Associate with James D. Wolfensohn, Inc., a New York-based investment banking firm that advised large domestic and international corporations on mergers and acquisitions. He graduated with distinction from the U.S. Military Academy at West Point with a B.S. Degree in Engineering and earned an M.B.A. from the Wharton School of the University of Pennsylvania. Dowd currently serves on the Board of Directors of several privately held businesses.

Prior to joining Saab in 1974, Adams was an audit manager with Price Waterhouse for six years. A CPA, he received a BS in Finance from Mount Saint Mary's University. He previously served as a Director and Chairman of the Audit Committee for Telzuit Medical Technologies, Inc.

The election of Dowd and Adams brings the total number of General Automotive directors to five.

About General Automotive

General Automotive Company (``GA'') is a provider of original equipment and aftermarket automotive parts, mobile electronics, and related automotive products at multiple levels of distribution throughout the U.S. and internationally. GA, which is focused on expanding its growth platform through the acquisition of successful niche manufacturing companies in the automotive industry, currently has two wholly owned subsidiaries, OE Source and Global Parts Direct. GA uses its relationships with manufacturers in China, Korea and Japan to bring state-of-the-art automotive parts, accessories and products to automobile manufacturers and major parts distributors in the U.S. For more information on GA and its products, please visit Untitled Document.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.



Contact:
General Automotive Company
Joseph L. DeFrancisci, President and CEO
407-363-5633
jdefrancisci@generalautomotive.com

Lippert/Heilshorn & Assoc.
Investor Relations Contact:
Elric Martinez
212-838-3777
emartinez@lhai.com


--------------------------------------------------------------------------------
Source: General Automotive Company

[Stock_Analyzer]

until they fix the spread on this stock then I would wait and see.

[Technical_Indicator]

Thursday, July 24 2008 8:16 AM, EST

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General Automotive Announces Joint Venture to Develop and Market Advanced Fuel Cell Technology

Business Wire "US Press Releases "

ORLANDO, Fla.--(BUSINESS WIRE)--

General Automotive Company (OTC BB: GNAU) ("GA"), a global provider of parts, accessories and advanced technology for the automotive industry, today announced a joint venture with SenCer Inc. to develop, commercialize and market SenCer's groundbreaking UltraTemp(TM) ceramic composite materials for accelerating the development of energy-efficient, environmentally friendly fuel cell technologies. The joint venture will also advance the development of next-generation oxygen sensors, which represent a significant part of GA's current business.

A Rochester, NY-based research firm known for its engineering expertise in advanced ceramic systems, SenCer has developed a series of next-generation ceramic fiber/ ceramic matrix composite materials with a wide variety of applications, including fuel cell stacks for powering automotive engines. The goal of the joint venture will be to develop a series of prototypes that will significantly advance the process of commercializing and, ultimately, mass producing fuel cells.

GA President and CEO Joseph DeFrancisci commented, "Hydrogen-powered fuel cells are widely viewed as a potential solution for higher energy prices and environmentally damaging emissions. The automotive sector, in particular, stands to reap tremendous benefits from this emerging technology as the engineering challenges that have confronted the industry to date are solved.

"SenCer's groundbreaking technology solves the two most persistent problems in fuel cell design - cost and durability - by replacing expensive platinum conductors with co-fired proprietary ceramic conductive layers. This is a breakthrough approach, and we are pleased to position GA at the forefront of this important effort through our joint venture with SenCer, which over the last 10 years has provided research and core ceramic materials to some of the leading developers of solid oxide fuel cells (SOFC).

"Additionally, the joint venture offers GA important benefits in the short term since SenCer's ceramic composite technology is also key to the design of next-generation oxygen sensors, which constitute an important revenue stream for GA today."

David Burt, President of SenCer and Chief Technology Officer of the new joint venture, stated, "We're very excited about the opportunity to partner with GA, whose business start-up and marketing capabilities will be key ingredients to our success. SenCer has taken a different direction to solving problems in fuel cell design by developing our UltraTemp(TM) Ceramic Composite as a support system for conductive ceramic layers. Our proprietary system is field-proven to bond multiple layers for long life and at low cost at temperatures almost twice that of conventional fuel cells. In addition we have a system that can operate at temperatures much lower than traditional SOFCs, thereby providing even longer life."

Mr. DeFrancisci concluded, "By combining SenCer's breakthrough technology with GA's business know-how and extensive industry contacts, we believe we can have a real impact on advancing the development and deployment of automotive fuel cell technology and on the design of more sophisticated oxygen sensors to help maximize fuel economy and minimize exhaust emissions. Cost-effective and durable fuel cell systems can provide an answer to some of the most pressing global problems, and our joint venture will help realize the tremendous potential of this field."

About General Automotive

General Automotive Company ("GA") is a global provider of parts, accessories and advanced technology for the automotive industry. GA, which is focused on expanding its growth platform through the acquisition of successful niche manufacturing companies in the automotive industry, currently has two wholly owned subsidiaries, OE Source and Global Parts Direct. GA uses its relationships with manufacturers in China, Korea and Japan to bring state-of-the-art parts and accessories to automobile manufacturers and major parts distributors in the U.S. For more information on GA and its products, please visit Untitled Document.

About SenCer Inc.

Established in 1996, SenCer Inc. is a technology research firm that has developed a ceramic composite material, UltraTemp(TM), with remarkable thermal properties and bonding capabilities. The new technology has applications in oxygen sensing (automotive and medical markets); oxygen generation (aluminum - inert anodes, gas generation, medical); and power generation (fuel cell technology). SenCer has been a behind-the-scenes player in many developments using ceramic composites. It maintains a 20,000 square foot manufacturing facility in Penn Yan, NY.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Source: General Automotive Company

[Technical_Indicator]

Wednesday, July 30 2008 8:10 AM, EST

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General Automotive Announces High-Temperature Sealing System for Fuel Cell and Oxygen Sensor Applications

Business Wire "US Press Releases "

ORLANDO, Fla.--(BUSINESS WIRE)--

General Automotive Company (OTC BB: GNAU.OB) ("GA"), a global provider of parts, accessories and advanced technology for the automotive industry, today announced that its joint venture with SenCer Inc. has developed a high-temperature glass/ceramic sealing system for fuel cell and oxygen sensor applications. The development allows for thermal cycling of these devices and completely seals against free hydrogen gas molecules.

GA President and CEO Joseph DeFrancisci commented, "Our joint venture - focused on developing, commercializing and marketing UltraTemp(TM) ceramic composite materials - is hitting the ground running. We're pleased to be able to announce an important advance so quickly. When combined with our high-temperature composite technology, this system can provide complete hermetic sealing of advanced solid oxide fuel cells and oxygen sensors at a low cost."

David Burt, President of SenCer and Chief Technology Officer of the joint venture, explained, "The development is an extension of a core glass developed at Los Alamos National Laboratory for space-based atmospheric re-entry. In addition to the Lab's core national security mission, its work advances many other fields such as materials science. By building on the Lab's years of research, we can accelerate the development of commercial solutions for these complex problems."

General Automotive and SenCer recently formed a joint venture - Advanced Composite Technology, LLC (ACT) - to develop, commercialize and market SenCer's groundbreaking UltraTemp(TM) ceramic composite materials for accelerating the development of energy-efficient, environmentally friendly fuel cell technologies. The joint venture is also intended to advance the development of next-generation oxygen sensors, which represent a significant part of GA's current business.

ACT's groundbreaking technology solves the two most persistent problems in fuel cell design - cost and durability - by replacing expensive platinum conductors with co-fired proprietary ceramic conductive layers. Hydrogen-powered fuel cells are widely viewed as a potential solution for higher energy prices and environmentally damaging emissions. The technology will also enable the design of more sophisticated oxygen sensors to help maximize fuel economy and minimize exhaust emissions.

About General Automotive

General Automotive Company ("GA") is a global provider of parts, accessories and advanced technology for the automotive industry. GA, which is focused on expanding its growth platform through the acquisition of successful niche manufacturing companies in the automotive industry, currently has two wholly owned subsidiaries, OE Source and Global Parts Direct. GA uses its relationships with manufacturers in China, Korea and Japan to bring state-of-the-art parts and accessories to automobile manufacturers and major parts distributors in the U.S. For more information on GA and its products, please visit Untitled Document.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Source: General Automotive Company