General Automotive Company (GNAU.OB) Reports First Quarter Financial Results
General Automotive Company (OTCBB: GNAU) reported their financial figures for the first quarter ended March 31, 2008. The company is a provider of original equipment and aftermarket automotive parts, mobile electronics, and related automotive products covering a number of levels of distribution throughout the U.S. and worldwide. They have long-lasting relationships with manufacturers in China, Korea, and Japan which allows them to bring high-quality automotive parts and accessories to automobile manufacturers in the United States. Revenue rose 51% to $4.07 million for first quarter 2008 compared to $2.69 million a year ago. Gross profit totaled $345,000 for first quarter 2008…