General Bearing Corporation Releases Audited 2007 Condensed Consolidated Financial Statements

General Bearing Corporation announced today that the Company has released the attached audited 2007 condensed consolidated financial statements. The aforementioned financial statements are also available on the Company¡¯s website at www.generalbearing.com.

General Bearing manufactures ball bearings, tapered roller bearings, spherical roller bearings, and cylindrical roller 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.