DALLAS, Feb. 8, 2010 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring General Automotive Company (OTCBB:GNAU). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
The full report is available at: http://www.beaconequity.com/i/GNAU
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General Automotive Company (GNAU) is a provider of original equipment (OE) and aftermarket automotive parts and related automotive products at multiple levels of distribution throughout the United States and internationally. The Company operates through its wholly owned subsidiary, OE Source L.C. (OES). OES sells conventional auto parts that it imports directly from manufacturers, consolidators and distributors in the Far East to the customers in the United States.
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In the report, the analyst notes:
"Gross margin improved 20.39% for the quarter ended September 30, 2009, to 10.74% compared to 8.92% for the same quarter in 2008. Sustained improvements in purchasing practices and product sourcing at its OE Source subsidiary have resulted in a year-over-year reduction in cost of goods sold and the realization of 12.50% gross profit margin for the nine months ended September 30, 2009.
"GNAU last week announced it has an agreement to acquire privately held S.P.E.C. Inc. The transaction is expected to further position the Company as an organization that capitalizes on both organic growth as well as growth through strategic acquisition. S.P.E.C., based in Birmingham, AL, is a leading provider of high performance clutches and flywheels to the high performance automotive market. S.P.E.C., which reported unaudited revenue of approximately $5.6 million in 2009, will operate as a wholly owned subsidiary of GNAU."
To read the entire report visit: http://www.beaconequity.com/i/GNAU
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