Thursday, May 29, 2008 Latest Pick Update General Automotive Company (BB: GNAU) News Alert: Webcast Interview Coming General Automotive Company President & CEO Joseph DeFrancisci to Conduct Exclusive Webcast with The Green Baron Report News Released Yesterday: GNAU Rated ‘Speculative Buy’, Target Price $1.63 by Beacon Equity Research General Automotive Company (BB: GNAU) traded actively yesterday and closed up .04 to .67 per share following the release of a new research report issued by Beacon Equity Research. GNAU spent most of the day trading between .70 and .75 per share. The Green Baron Report believes there are very few shares available down here, and it would not take much buying to send GNAU over $1.00 per share near-term. A new webcast interview with General Automotive’s President and CEO will be available beginning on Tuesday, June 3. We believe management of GNAU has a definitive model for success, and we are 100% convinced that they will execute. The interview will be available on our website at www.thegreenbaron.com. Note: The host network server for TheGreenBaron.com has been down since yesterday so this site can not be accessed. We apologize for any inconvenience. Please check back shortly we expect it to be back up soon. ORLANDO, Fla., May 29, 2008 (PRIME NEWSWIRE) -- General Automotive Company (OTCBB:GNAU) ("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 www.TheGreenBaron.com. This webcast will be available as well at www.StrictlyStocks.com, “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: 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. 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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