CORONA, CA–(Marketwired – Jul 5, 2013) – Saleen Automotive, Inc. (OTCBB: SLNN) (the “Company”), an American niche manufacturer of lifestyle ultra-high performance vehicles, technical performance parts, lifestyle accessories and apparel, is pleased to announce that, effective immediately, the Company has officially changed its name from W270, Inc. to Saleen Automotive, Inc. Along with the name change, FINRA has approved the changing of the Company stock ticker symbol to (OTCBB: SLNN) from the previously used (OTCBB: WSTY). The name and ticker changes are subsequent to Saleen Automotive completing its merger with W270, Inc., as announced on June 27, 2013.

“The Saleen Automotive name has been synonymous with high performance vehicles for three decades. In order to meet our goals as a public entity, it was important that we completed the name change to capitalize on brand recognition to deliver maximum growth opportunities for our company and shareholders,” said Steve Saleen, Chairman and Chief Executive Officer of Saleen Automotive.

About Saleen Automotive, Inc.

Saleen is an American niche manufacturer of lifestyle ultra-high performance vehicles, technical performance parts, lifestyle accessories and apparel. With more than 30 years of automotive heritage, 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, CA–(Marketwired – Jun 27, 2013) – W270, Inc. (OTCBB: WSTY) today announced that it has completed its merger to acquire 100% of Saleen Automotive, Inc. and SMS Signature Cars (“Saleen” or “the Company”), a performance automotive company that manufactures, upgrades, and sells high-end sports cars and related parts. W270, Inc. changed its name to Saleen Automotive, Inc. on June 17, 2013.

Concurrent with the merger, Saleen Automotive, Inc. raised an aggregate principle amount of $3,000,000 (including the conversion of $500,000 of existing notes) via a securities purchase agreement with accredited investors.

Founded by Steve Saleen, renowned race driver and high-performance automaker, Saleen Automotive designs, develops, manufactures and sells high-performance cars that include the Saleen Mustang, Saleen Challenger and Saleen Camaro. The Company’s products include a complete line of upgraded muscle cars, performance cars, automotive aftermarket specialty parts and lifestyle accessories. Also in development are the next generation of supercars, as well as electric and zero-emission vehicles for the commercial and consumer markets.

“Since 1983, I have been developing some of the world’s most advanced high-performance street cars with special aerodynamics, highly functional cockpits, and precise handling suspension,” said Chairman and CEO Steve Saleen. “We are excited to become a publicly-traded company and enter into the next stage of our growth, as we bring these automobiles into the mainstream and grow our retail presence into new markets in the U.S. We are also developing high-performance electric vehicles targeting the zero-emissions segment.”

For more information, please see the Company’s associated 8-K filing made with the U.S. Securities & Exchange Commission (“SEC”).

About Saleen Automotive, Inc.

Saleen is an American niche manufacturer of lifestyle ultra-high performance vehicles, technical performance parts, lifestyle accessories and apparel. With more than 30 years of automotive heritage, 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]

NEWPORT BEACH, CA–(Marketwired – May 30, 2013) – W270, Inc. (OTCQB: WSTY) (OTCBB: WSTY) today announced that it has entered into a binding Agreement and Plan of Merger (Merger Agreement) with Saleen California Merger Corporation, Saleen Florida Merger Corporation, SMS Signature Cars, Saleen Automotive, Inc. and Steve Saleen. SMS Signature Cars and Saleen Automotive, Inc. (the Saleen entities) operate a performance automotive enterprise that manufactures and sells high-end sports cars and related parts. Subsequent to the anticipated closing of the merger transactions, the business operations of the Saleen entities will comprise the Company’s business operations.

The closing of the merger transactions is subject to several conditions, including without limitation, satisfactory completion of the Company’s due diligence investigation and the Company’s entry into a definitive agreement regarding the sale of at least $3,000,000 in senior secured convertible notes. If the merger transactions are consummated, the Saleen entities will become wholly-owned subsidiaries of the Company and Steve Saleen and the other holders of Saleen Automotive’s common stock will hold approximately 93% of the Company’s outstanding shares immediately after the merger transactions. There can be no assurance that the conditions to the closing of the merger transactions will be satisfied, or that the merger transactions will be consummated.

In addition, the Company has declared for stockholders of record of its common stock as of May 23, 2013, subject to the closing of the merger transactions, a per share dividend of $0.035 in cash. The Company shall pay and issue such dividend within ten (10) business days after the closing date of the merger transactions.

On May 30, 2013, the Company filed a Current Report on Form 8-K with the Securities and Exchange Commission and directs interested parties to such filing and the documents attached thereto as exhibits for further information regarding the merger transactions.