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General Bearing Begins Shipments to Ford

13 May 1998

General Bearing Begins Ball Bearing Shipments to Ford Motor Company; Initial Shipment Under 2-Year, $14 Million Agreement

    WEST NYACK, N.Y., May 12 -- General Bearing Corporation
today announced that it began shipping product to Ford Motor
Company , under its two-year, $14 million agreement to supply certain
ball bearings to Ford Motor, signed in February 1998.
    General Bearing President David L. Gussack said, "The supply agreement
with Ford Motor, in particular General Bearing's ability to meet Ford's strict
specifications and production schedule, affirms our standing as a premier, low
cost, high-quality bearing supplier to the U.S. automotive industry."  He
added, "Having recently achieved QS-9000 for our West Nyack manufacturing
plant, a quality assurance standard that was jointly developed in 1994 by
Chrysler, Ford and General Motors, we fully expect to expand our presence
within the automotive industry."
    Gussack also said that the Company reached a final settlement of all
claims, including counterclaims and third party claims in the action brought
by the Company against a former East German trade agency and its successor.
This settlement will have no impact, financial or otherwise, on the Company.
    General Bearing manufactures, sources, assembles and distributes a variety
of bearing components and products.  The Company manufactures ball bearings,
tapered roller bearings, spherical roller bearings and cylindrical roller
bearings.  Under "The General" and the "Hyatt" trademarks, the Company
supplies Original Equipment Manufacturers (OEMs) in the automobile,
truck/trailer, railcar, office equipment, machinery and appliance industries,
as well as the Industrial Aftermarket.

    "Safe Harbor" statement under the Private Securities Litigation Reform Act
of 1995: This press release contains forward-looking statements that are
subject to risks and uncertainties, including, but not limited to, the impact
of competitive products, product demand and market acceptance risks, reliance
on key strategic alliances, fluctuations in operating results and other risks
detailed from time to time in the Company's filings with the Securities and
Exchange Commission.  These risks could cause the Company's actual results for
the current FY and beyond to differ materially from those expressed in any
forward looking statements made by, or on behalf of, the company.

SOURCE  General Bearing Corporation