ORLANDO, Fla., May 2, 2008 (PRIME NEWSWIRE) -- General Automotive Company (OTCBB:GNAU) ("GAC") is pleased to announce it has retained the services of AGORACOM Investor Relations to provide online investor relations services.
The objective of this agreement is two-fold. First, through AGORACOM's Internet-based investor relations system, it will create effective communication between GAC, its shareholders and the retail investment community. Effective immediately, a customized and monitored General GAC IR HUB (http://www.agoracom.com/IR/GeneralAutomotive) will allow both GAC and AGORACOM to communicate with investors simultaneously, anytime and in real-time, while providing shareholders with equal access and complete transparency to all investor relations communications. The IR HUB will also provide one-click access to all critical GAC IR information, as well as an executive audio address. In addition, the IR HUB provides investors with a monitored discussion forum for the purposes of constructive and high-quality discussion about the Company that is free of spam, bashing and hyping.
Second, AGORACOM will be responsible for raising GAC awareness amongst retail investors for the purposes of attracting new and prospective shareholders. As an exclusive small-cap content provider to Yahoo! Finance Canada, AOL Finance Canada and all Blackberry devices, AGORACOM will provide Tier-1 financial coverage of all GAC press releases.
President and CEO Joe DeFrancisci stated, "General Automotive believes the time has come to significantly increase our communications with shareholders and the investment community. The solution provided by AGORACOM helps fulfill our need to manage and execute an IR strategy in a cost-efficient manner, while providing our management team with the ability to focus on executing the business plan. Our shareholders and Company will benefit greatly from near real-time communications, regularly planned updates and increased exposure."
For future GAC investor relations needs, investors are asked to visit the General Automotive IR Hub at http://www.agoracom.com/IR/GeneralAutomotive, where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to GNAU@agoracom.com, where they can also request addition to the investor e-mail list to receive all future press releases in real time.
About General Automotive Company
General Automotive Company ("GAC") is a provider of Original Equipment ("OE") 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 has focused 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: http://www.generalautomotive.com.
About AGORACOM Investor Relations Corp.
AGORACOM Investor Relations is one of North America's leading outsourced investor relations firm for small-cap companies. AGORACOM's exclusive IR HUB delivers two-way investor relations and communications that provide 100% transparency, accessibility, equality and near real-time communications for all shareholders and the investment community.
AGORACOM has specialized in small-cap investor relations since 1997 and is the exclusive provider of all small-cap content to Yahoo Finance Canada, The AOL Small Cap Channel and every Blackberry device on the planet.