
                                                           Exhibit 99(a)(1)(xiv)

                                  NEWS RELEASE

GBC ACQUISITION CORP. ANNOUNCES EXPIRATION OF ITS TENDER OFFER FOR STOCK OF
GENERAL BEARING CORPORATION

WEST NYACK, NY, August 16, 2004 - GBC Acquisition Corp. today announced that its
cash tender offer to acquire all of the outstanding common stock of General
Bearing Corporation (NASDAQSC: GNRL) ("General Bearing") not owned by a
management group led by Seymour Gussack and David Gussack expired in accordance
with its terms at 12:00 Midnight, Eastern Standard Time, on Friday, August 13,
2004.

The tender offer was subject to a number of conditions, including the tender of
a sufficient number of shares such that, GBC Acquisition Corp. would own at
least 90% of the outstanding Shares. This condition was not satisfied.

Accordingly, the tender offer expired in accordance with its terms, and GBC
Acquisition Corp. will not accept for payment, and will not pay for, any
tendered shares.

All tendered shares will be promptly returned to stockholders.

ADDITIONAL INFORMATION AND WHERE TO FIND IT

The complete terms and conditions of the tender offer are set forth in an offer
to purchase, letter of transmittal and other related materials which were filed
with the SEC and distributed to General Bearing's stockholders. This press
release is not a substitute for such filings. Investors are urged to read such
documents because they contain important information. Any such documents are
available, free of charge, at the SEC's website (www.sec.gov).

