General Automotive Corp. (GNAU.OB) Announces Marketing and Distribution Agreement with Rydeen Mobile Electronics

QualityStocks would like to highlight General Automotive Corp. (OTCBB: GNAU). The company provides original equipment and aftermarket automotive parts, as well as automotive technology, in the United States and internationally. It focuses on automotive parts sales and distribution through its subsidiary, OE Source L.C. The company is also partnered in GreenCell Inc., a joint venture with SenCer Inc., a New York based ceramic technology company. Greencell, Inc. has created "Ultra-Temp", a proprietary technology and a potential game changer for the manufacturing of multiple automotive products including oxygen sensors, brakes and SOFC fuel cells for powering automobiles.

In the company’s news Friday,

General Automotive announced that it has inked an agreement with Rydeen Mobile Electronics group to market and sell its gPad tablet based vehicle computer products to the Automotive OEM market through General Automotive’s Global Parts Direct division. In addition to marketing and selling Rydeen’s gPad tablet, General Automotive will work together with Rydeen on marketing opportunities to meet the needs of their global customers and markets.

Phil Maeda, President of Rydeen, stated, “Aligning with a strong experienced automotive company of General Automotive’s caliber is the central building block in our corporate strategy for succeeding in the OEM vehicle market. The interest and demand for gPad tablet based vehicle computer products is strong and growing. Being recognized as one of General Automotives trusted partners greatly enhance the company’s ability to bring products to market quickly and to provide support for the products in the field.”

Neil Gethin, Vice President of Business Development for General Automotive’s Global Parts Direct Division, commented, “We are excited about marketing Rydeen gPad tablet based vehicle computer products and systems. Rydeen’s vision of a wireless network for vehicles aligns with our strategy of advanced system solutions for In Car applications. In conjunction with their wireless technology, we anticipate the development of additional wireless sensing and control applications that will benefit all OEM’s and their customers. This partnership is the culmination of a long-standing relationship between our two companies.”

General Automotive’s stock is currently trading at $0.105, up 110% from yesterday’s close, on 377,826 traded shares. The company’s 3-month average trading volume is 7,898 and its 52-week trading range is $0.03 – $0.21.

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Forward-Looking Statement:
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