Saleen Automotive Confirms Electric Car Project in Development

CORONA, Calif., Dec. 3, 2013 /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 confirm that the Company is currently in development to produce an electric vehicle for eventual distribution and sale.

"We recognize that electric cars are a trend, not a fad and expect this vehicle category to continue to increase as an automotive option for consumers," stated Steve Saleen, CEO, Saleen Automotive Inc. "We intend to enter this market with an offering that is truly innovative and offers the styling and craftsmanship associated with the Saleen Automotive brand. The rapid pace of advancements in electric vehicle technology makes our entry into this market sector timely and should expedite completion of this project."

Saleen Automotive plans to update the financial and automotive media in early 2014 with the public release of scale models of its new electric vehicle project.

"I'm not prepared to give all the details of our electric vehicle project yet but I can tell you that it is unlike anything currently in the marketplace," added Saleen. "Throw out your pre-conceived notions and expectations. This vehicle will be revolutionary in its aesthetics and mechanics. Stay tuned."

For more information and updates visit:

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

Company website: www.saleenautomotive.com.

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 a new electric car project and anticipating market acceptance of the vehicle.  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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