Saleen Automotive Announces Agreement to Distribute Full Collection of Saleen Vehicles in China

CORONA, Calif., March 5, 2014 /PRNewswire/ -- Saleen Automotive, Inc. (OTCQB: SLNN), (OTCBB: SLNN) (the "Company"), an American specialty manufacturer of high performance vehicles, technical performance parts, lifestyle accessories and apparel, is pleased to announce that it has entered into an agreement with GreenTech Automotive (GTA), to distribute the full collection of Saleen automobiles in China.

Beginning in the Spring of 2014, Saleen Automotive will supply GreenTech with vehicles for immediate sale in China. The Company expects to provide GreenTech with the same collection of vehicles available in the North American marketplace.

"GTA is well established in its own right as an automotive company and has strong relationships and sales channels in China," said Steve Saleen, CEO of Saleen Automotive. "We believe that they are the proper ambassador for Saleen vehicles in this vast new market."

"With the concurrent rise of wealth in China, we believe it is a timely entry for Saleen Automobiles to start hitting Asian showrooms and roadways," added Saleen.

"GreenTech Automotive is most pleased to facilitate the introduction of Steve Saleen's amazing line of superior automobiles," said Charles Wang, chairman and CEO of GTA. "Our firm belief is that there is a ready and waiting market for Saleen vehicles."

About GreenTech Automotive:

GreenTech Automotive (GTA) is a U.S.-based automotive manufacturer dedicated to developing and producing environmentally friendly, energy-efficient vehicles. GTA's core values encompass green technology, affordability and U.S. job creation. GTA operates a pilot manufacturing facility in Horn Lake, Mississippi, and is constructing a new manufacturing facility in Tunica, Mississippi. For more information, visit www.wmgta.com.

For more information and updates regarding Saleen Automotive visit the following online locations:

Company website: www.saleenautomotive.com.

Facebook: https://www.facebook.com/Saleen

About Saleen Automotive, Inc.

Saleen is an American specialty manufacturer of high performance vehicles, technical performance parts, lifestyle accessories and apparel. Founder Steve Saleen has continually set the bar for automotive design and performance engineering in both street and racing applications. Saleen plans to utilize its existing strategic partnerships and dealer network to refine its design and engineering prowess, continue development of emerging automotive technologies, and expand its presence nationwide with a combination of automotive retail services, aftermarket parts and new vehicle sales to build significant long-term value. Learn more at www.saleenautomotive.com.

Information about Forward-Looking Statements

This press release contains "forward-looking statements" that include information relating to future events and future financial and operating performance.  The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements.  Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved.  Forward-looking statements are based on information available at the time they are made and/or management's good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause these differences include, but are not limited to: fluctuations in demand for the Company's products, the introduction of new products, the Company's ability to maintain customer and strategic business relationships, the impact of competitive products and pricing, growth in targeted markets, the adequacy of the Company's liquidity and financial strength to support its growth, and other information that may be detailed from time-to-time in the Company's filings with the United States Securities and Exchange Commission. An example of such forward looking statements in this press release include statements regarding the Company developing and completing successful new car projects and sales. For a more detailed description of the risk factors and uncertainties affecting Saleen Automotive, please refer to the Company's recent Securities and Exchange Commission filings, which are available at www.sec.gov. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE Saleen Automotive, Inc.

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