General Automotive Q3 revenue up 30%

Q3 gross profit $303,262

General Automotive, a provider of parts, accessories and advanced technology for the automotive industry, has reported revenues of $3.34m for the third quarter ended 30 September 2010, an increase of 30% compared to $2.55m for the same quarter previous year.

For the quarter ended 30 September 2010, General Automotive has posted a gross profit of $303,262, compared to $273,769 for the third quarter of 2009.

Net loss was $195,397, or $0.01 per diluted share, compared to a net loss of $200,175, or $0.01 per diluted share in the same period prior year.

General Automotive president and CEO Dan Valladao said, the company believes that they have positioned themselves perfectly as a quality company that can source and manufacture automotive products as well as anyone in the industry.

"This will further translate into new opportunities and growth for General Automotive," Valladao said.