SOURCE: Saleen Automotive, Inc.

Saleen Automotive, Inc.

April 06, 2015 08:00 ET

Saleen GTX Tesla Drew Crowds at Formula-E Event

All-Electric Saleen Was a Fan Favorite in Long Beach

CORONA, CA--(Marketwired - Apr 6, 2015) - Saleen Automotive Inc. (OTCQB: SLNN) This past weekend, FIA's Formula-E series made a stop in Long Beach, CA. Drawing racing and environmentally conscious fans alike, the popular new series proves that electric vehicles are more than a fad.

Coming off a successful launch of their new vehicle, Saleen Automotive was in attendance at the event in downtown Long Beach. Displaying their GTX to the hordes of electric vehicle enthusiasts, the car was a hit with the crowd. Along with displaying his version of the Tesla Model S, Steve Saleen gave a presentation on the future of electric vehicles to the Tesla Club of LA.

"The future of electric vehicles is very exciting," asserted Steve Saleen at the presentation, "with mavericks in the industry like Tesla and BMW it is no wonder electric vehicle sales are skyrocketing." 

According to CNN Money, Tesla had record sales in the first quarter of 2015. "If there was any time to be getting into the electric vehicle market, that time would be now," remarked Saleen.

The popularity of the Saleen GTX also proves that electric vehicle owners want to set their vehicles apart. "We get almost as many calls about our GTX performance parts as we do our 302 parts," stated Molly Saleen, VP of Saleen's Retail division. "Tesla owners love the fact that a name like Saleen is offering them performance and styling for their vehicles."

Saleen offers two versions of the GTX, a 380 horsepower, rear-wheel drive version as well as the much-publicized 691 horsepower, all-wheel drive version. More information on this and all of Saleen's vehicles and performance parts can be found online at saleen.com or by calling them at (800) 888-8945.

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.

Safe Harbor Statement
This 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 Saleen Automotive'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 Saleen Automotive's filings with the United States Securities and Exchange Commission. Examples of such forward-looking statements in this release include statements regarding product offerings and marketing. 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. Saleen Automotive undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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