Saleen S7 Supercar Showcased in Epic Race Scene

CORONA, Calif., March 13, 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 the release of DreamWorks Pictures’ feature film, Need for Speed features the Saleen S7 Supercar prominently. Saleen also provided the high-speed camera car for photographers to use in filming and assisted in the development and build of all Supercars used in the production.

“Watching the film’s premiere last week, I was elated to see our Saleen S7 Supercar used in what is assuredly one of the most enthralling race scenes I have ever seen,” stated Steve Saleen, CEO, Saleen Automotive. “Seeing our car racing alongside some of the other luminaries of the Supercar world is incredible and I took specific pleasure in hearing Michael Keaton describe the Saleen’s journey along the cinematic raceway.”

“I strongly encourage our fans and enthusiasts to watch the film and to see our S7 in all its glory,” added Saleen.

About Need for Speed

Need for Speed is an upcoming 2014 American action film directed by Scott Waugh, written by George Gatins and John Gatins. Produced by DreamWorks Pictures, it is an adaptation of the Need for Speed series of video games by Electronic Arts. It stars Aaron Paul in the lead role and is scheduled for release through Touchstone Pictures on March 14, 2014.

http://www.needforspeed.com/movie

Please take a moment to view any of the videos below related to the film.

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.

[Source: Saleen Automotive]

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.

[Source: Saleen Automotive]

REPORTS VEHICLE AND PARTS SALES OF $1.1 MILLION, AN INCREASE OF 77%

CORONA, Calif., Feb. 15, 2014 /PRNewswire/ — Saleen Automotive, Inc. (OTCQB: SLNN), (OTCBB: SLNN) (the “Company”), an American specialty manufacturer of performance vehicles, technical performance parts, lifestyle accessories and apparel, is pleased to provide the market with its third quarter key financial results for the three and nine months ended December 31, 2013. The full 10-Q filing is available on the SEC’s website http://1.usa.gov/1cNCnmi.

Key financial results of operations for the quarter ended December 31, 2013 are summarized herein:

Vehicle and parts revenue increased 77.1% to $1,076,153 for the quarter ended December 31, 2013, from $591,487 for the quarter ended December 31, 2012. For the quarter ended December 31, 2013, revenue decreased by $777,332 or 41.9% from the quarter ended December 31, 2012 due to the one-time design contract with a major movie studio of $1,245,985 realized in the quarter ended December 31, 2012;

Gross margin for vehicle and parts increased 306.0% to $302,686 for the quarter ended December 31, 2013 from $74,558 for the quarter ended December 31, 2012. For the quarter ended December 31, 2013, gross margin decreased $158,316 from the quarter ended December 31, 2012 due to the one-time design contract;

Operating expenses increased 111.1% to $1,571,745 for the quarter ended December 31, 2013 from $744,578 for the quarter ended December 31, 2012 with $446,610 of the increase related to our investment in research and development and sales and marketing expenses related to our expanded marketing efforts;

Net loss increased to $1,539,541 for the quarter ended December 31, 2013 from $321,171 for the quarter ended December 31, 2012;

Key financial results of operations for the nine months ended December 31, 2013 are summarized herein:

• For the nine months ended December 31, 2013, revenue increased by $1,824,583 or 72.3% from the nine months ended December 31, 2012. Vehicle and parts revenue increased 179.5% to $3,570,722 for the nine months ended December, 2013 from $1,277,476 for the nine months ended December 31, 2012;
• Gross margin for the nine months ended December 31, 2013 was $718,057, an increase of 18.1% from the nine months ended December 31, 2012. Gross margin for vehicle and parts increased 224.4% to $718,057 for the nine months ended December 31, 2013 from $221,335 for the nine months ended December 31, 2013;
• Operating expenses increased 131.6% to $5,074,136 for the nine months ended December 31, 2013 from $2,190,481 for the nine months ended December 31, 2012 with $1,286,436 of the increase related to our investment in research and development and sales and marketing expenses related to our expanded marketing efforts;
• Net loss increased to $5,117,754 for the nine months ended December 31, 2013 from $1,720,893 for the nine months ended December 31, 2012;

“We are pleased to release financials that demonstrate significant growth in our critical parts and vehicle sales category,” stated Steve Saleen, CEO, Saleen Automotive. “While operating expenses increased significantly during this period, I am pleased with the concurrent increase in our ability to produce new and compelling vehicles. I truly believe this is a necessary expenditure and a catalyst to greater revenue diversity for Saleen.”

The sales increase reflects an aggressive sales effort during the nine months ended December 31, 2013. The increase in operating expenses is largely attributable to or investment in research and development and expanded marketing efforts and the expansion of the Company’s facilities to support the growth in sales, including a notable investment into the development of a proprietary electric car design.

Milestones from the period include:

• Saleen Automotive Collaborates with Renowned Art Center College of Design for Revolutionary New Electric Vehicle
• Saleen Automotive Announces Plans to Produce Saleen Tesla Model S Electric Sports Car
• World Class Ad Agency Havas Edge to Represent Saleen Automotive in New National Campaign
• Saleen Automotive Reports Strong Sales for 30th Anniversary Editions
• Saleen Automotive Confirms Electric Car Project in Development

All the above events can be read by looking under the news feed for SLNN. Saleen uses the following outlets to provide updates from time to time to the public regarding its business and operations:

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

Company website: www.saleenautomotive.com.

About Saleen Automotive, Inc.

Saleen is an American specialty manufacturer of 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.

[Source: Saleen Automotive]

CORONA, Calif., Feb. 10, 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 the Company is partnering with the Art Center College of Design on a revolutionary concept for an electric vehicle.

Art Center College is located in Pasadena, CA and has been responsible for many top automotive designers globally. Over the years, The Art Center has produced or generated such progressive automotive designers as J. Mays, Vice President of Ford Design, Ken Okuyama, Chief Designer of Pininfarina, Chris Bangle, Vice President of Design for BMW and Frank Stephenson, Design Director of McLaren and Shiro Nakamura, Design Head for Nissan to name a few. The college is widely credited with adding innovation, quality and other positive impact to the projects on which its students and faculty collaborate.

“Our electric car project is a critical component in Saleen Automotive’s future,” stated Steve Saleen, CEO, Saleen Automotive. “Since I conceived my electric car model, I’ve known that I wanted to work with Art Center and its collective talent. I’m not prepared to divulge much about our project yet, but the work we’ve done so far has been compelling. I credit much of that to our colleagues at the college and other talented Art Center alumni at Saleen.”

“Working with Steve Saleen is a tremendous opportunity for our students and faculty,” said Stewart Reed, Transportation Design Chair. “Not only are we intent on bringing forward advanced design concepts worthy of the Saleen name and our college’s reputation for excellence but we are most pleased to be crafting for electric vehicles that could fundamentally change the world around us. Art Center’s core ethos aspires to encourage its students to create meaningful work.”

“We look look forward to a long and rewarding partnership and to bringing a very special electric vehicle to the roadway,” added Saleen who has Art Center alumni on his team.

For more information and updates 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.

[Source: Saleen Automotive]