General Bearing Corporation (OTC:GNRL.PK) announced today that its Board of Directors has authorized the re-activation of the Company’s stock repurchase program. The Board authorized the Company to invest $2.2 million to acquire shares of the Company’s stock in open market and private transactions.

General Bearing Chief Executive Officer, David L. Gussack said, “The Board believes that the shares are undervalued and that this provides an attractive opportunity to increase shareholder value.” Mr. Gussack further stated “The Company has projected continuing strong growth in the future, subject to all of the risk factors which are described in the Company’s SEC filings prior to deregistration of its stock in 2005.”

General Bearing manufactures and distributes a variety of bearings and bearing components under “The General” and the “Hyatt” trademarks. The Company supplies original equipment manufacturers in the automobile, truck/trailer, railcar, office equipment, machinery and appliance industries, as well as the industrial aftermarket.

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