The Green Baron Report

Thursday, May 22, 2008

New Pick Update

General Automotive Company

(BB: GNAU)

News Announced Pre-Market Open

General Automotive Revenues Increase 51 Percent for First Quarter 2008

The Green Baron Report’s 69th new pick, General Automotive Company (BB: GNAU), was released yesterday at 1:30 pm EST with the stock trading at .70 per share. Recently, pipe investors purchased shares at .75 per share, and we believe in normal market conditions that GNAU would have initiated trading at least over $1.50 per share. The current price of GNAU stock represents a golden opportunity for our members to accumulate shares at the same prices as accredited individuals and institutions.

General Automotive’s first quarter report was released this morning, and the numbers are impressive. Revenues jumped a whopping 51% over the previous year’s first quarter, and the huge reduction in its total liabilities demonstrates strength in the balance sheet. The Green Baron Report believes the quality of the Company’s management team and business plans will convince investors of its strong investment merits over the coming months. We believe now is the time to really look at accumulation.

ORLANDO, Fla., May 22, 2008 (PRIME NEWSWIRE) -- General Automotive Company (OTCBB:GNAU) ("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.

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: www.generalautomotive.com.

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.

(See PR at http://biz.yahoo.com/pz/080522/143308.html for Q1 balance sheet)

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

Focus Pick Update

Znomics, Inc. (BB: ZNOM)

Conference Call Today After Close!

Webcast Alert: Znomics Business Strategy Update Conference Call

All members should mark their calendars and listen to the ZNOM conference call after the close today. We expect Znomics to become a leader in the development of new drugs and compounds to treat human disease and conditions.

Znomics announces the following Webcast:

What: Znomics Business Strategy Update Conference Call

When: May 22, 2008 @ 4:30 PM Eastern

Where: http://www.investorcalendar.com/ClientPage.asp?ID=129765

How: Live over the Internet -- Simply log on to the web at the address above.

Contact: Raina Porecha, 310.279.5972, rporecha@pondel.com

If you are unable to participate during the live webcast, the call will be available for replay at http://www.investorcalendar.com/ClientPage.asp?ID=129765 or http://www.investorcalendar.com/

Source: Znomics

For Further Information Contact:

Znomics, Inc.

Richard Sessions, Chief Executive Officer

(503)827-5271 ext 102