GAINSCO Reports 3rd Quarter EPS of $.82

GAINSCO, INC. GAN today announced net income for the third quarter 2010 of $3.9 million, or $0.82 per common share, basic and diluted. This compares to third quarter 2009 net income of $0.2 million, or $0.04 per common share, basic and diluted. Net income for the nine months ended September 30, 2010 was $7.6 million, or $1.60 per common share, basic and diluted. This compares to net income of $3.8 million for the nine months ended September 30, 2009, or $0.80 per common share, basic and diluted.