NEW RACECRAFT 420S OUTFITTED WITH BRIDGESTONE-BRAND POTENZA TIRES

NASHVILLE, Tenn. July 28, 2008 — The 2008/2009 Racecraft 420S Mustang, unveiled by Saleen Inc. on Saturday, July 26 during Mustang Week in Myrtle Beach, S.C., is equipped with Bridgestone-brand Potenza tires.

The first model in Saleen’s new Racecraft performance vehicle brand lineup, the 420S comes with Bridgestone Potenza RE960AS Pole Position™ tires in size 275/40R18 99W.

The tire was designed to give sports car owners a solid all-season performer that can keep pace when the weather switches gears. With exclusive UNI-T™ AQII™ technology, the Bridgestone Potenza RE960AS Pole Position delivers in the wet and dry, even as the tire wears, and contains silica – in a specially formulated and processed compound that improves traction – and a leading edge sipe for enhanced adaptability in wet or dry conditions.

“We are excited about offering the premium performance technology of the Bridgestone brand on the ultra sporty and highly acclaimed Racecraft 420S,” said Michael Martini, President, Consumer OE Tire Division, Bridgestone Firestone North American Tire, LLC (BFNT). “The union of Bridgestone and Saleen is a match 420S Mustang owners will appreciate from the street to the track.”

Racecraft is Saleen’s value-oriented performance brand. The 420S, priced below $40,000, represents for many enthusiasts their first opportunity to own a Saleen-manufactured vehicle.

“The Racecraft moniker has been synonymous with Saleen performance since the first Saleen Mustang. The Bridgestone-brand Potenza tires are a perfect fit with our Racecraft performance line of vehicles. We anticipate long term success with this brand and are looking forward to partnering with Bridgestone,” said Marques McCammon, General Manager, Saleen Automotive.

Armed with a 4.6L supercharged V8 engine, the Racecraft 420S produces 420 horsepower and 400 lbs.-ft. torque. The car is also highly customizable with an array of offerings from the company’s SpeedLab division.

About Saleen:

Since the company’s inception in 1984, Saleen has produced over 12,000 complete and EPA certified, specialty vehicles, more than any other specialty automobile manufacturer. In addition, Saleen has equipped more than 600,000 vehicles worldwide, further emphasizing their capabilities and commitment to excellence. A nine-time Manufacturers’ Champion in GT sports car racing, Saleen manufactured the American super car — the Saleen S7, as well as the S281 Mustang, S331 Sport Truck and the Saleen/Parnelli Jones Limited Edition Mustang. Saleen’s manufacturing facilities are located in Troy, Michigan. The Michigan facility has also just completed all paint and assembly of the Ford GT as a special project for Ford Motor Company and currently is providing paint and subassembly for the Dodge Viper SRT-10.