Tuesday, June 10, 2008 New Green Baron “Stock Alert” to be Released Tomorrow, June 11 at 1:30 pm EST Mark Your Calendars Now! Latest two “Stock Alerts” DGLP and AXVC rallied an average of 62% from profile price to subsequent high within 45 days; This stock expected to rally a triple percentage from our profile price! This Company is involved in one of the hottest sectors of the stock market and it trades at less than .15 per share. The Green Baron Report has conducted months of research into this Company. We are going to release this “Stock Alert” profile tomorrow, June 11 at 10:30 am PST / 1:30 pm EST. Be sure to check your email at that time, or go to the home page of our website at www.TheGreenBaron.com. The potential for this Company is simply staggering, and we expect a huge move from the start. Be ready!
New Pick Update General Automotive Company (BB: GNAU) News Just Released! General Automotive Expands Board of Directors Managing Partner of Charter Oak International and Former Top Saab Executive Join Board This is a stock every member should stop and take a fresh look at right now. General Automotive (BB: GNAU) just added two key board members that bring a wealth of experience and contacts. Mr. Anthony Dowd is the Managing Partner at Charter Oak International Partners and a General Partner of Charter Oak Partners, a 32-year old hedge fund. Charter Oak is extremely well respected on Wall Street, and now Mr. Dowd brings his good name and reputation to help General Automotive grow its business. Kenneth Adams is another tremendous addition to the board. His contacts at General Motors could pave the way to enormous future business. The addition of both Anthony Dowd and Kenneth Adams is expected to help vault General Automotive to a more respectable force in its industry. As a reminder, General Automotive recently completed a pipe offering at .75 per share and converted the bulk of its debt to equity. Beacon Equity Research came out with a near-term price target of $1.63 per share a few weeks ago, and The Green Baron Report still believes members should accumulate at .75 per share or lower. ORLANDO, Fla., June 10, 2008 (PRIME NEWSWIRE) - General Automotive Company (OTCBB: GNAU) (”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. 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 ("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
General Automotive Company Joseph L. DeFrancisci President & CEO (407)363-5633
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