SOURCE: Saleen Automotive, Inc.

Saleen Automotive, Inc.

March 23, 2015 09:23 ET

Saleen Unveils Most Powerful Production Mustang to Date

New Vehicle Debuted at Major Event in Downtown LA

LOS ANGELES, CA--(Marketwired - Mar 23, 2015) - Saleen Automotive Inc. (OTCQB: SLNN) - With over 30 years of experience in both racing and manufacturing vehicles, it was only a matter of time before Saleen built a Mustang as comprehensive and technologically advanced as the 2015 S302 Black Label.

The Black Label S302 comes equipped with a 2.8L twin-screw supercharger, bringing the 5.0L motor up to 730 horsepower and 600 lb-ft of torque on 91-octane gas. On the exterior, Saleen created one of the most aerodynamically efficient profiles of any pony car. The 2015 Saleen Black Label also received a suspension that is equally fit for the street and the track. While the interior is a perfect mix of luxury, style, and function.

After Saleen announced they were shipping White and Yellow Label versions of their 2015 S302 earlier this year, they have been receiving a high level of inquiries and orders. But these orders have not just been for base model cars. Most of the orders have been for fully loaded cars and many of them have had custom paint. Saleen hasn't been the only ones to notice this trend either. According to Edmunds, the average price of each Ford Mustang sold is up 10% from the previous year and overall sales are up 62% during the same period.

To launch the 2015 S302 Black Label, Saleen had a special unveil event in Downtown LA on March 20th, 2015. The event drew crowds from all over the world with attendees ranging from the public to media and even VIPs and celebrities.

As with all Saleen vehicles, the 2015 S302 Black Label will be a limited production and each vehicle will receive a unique Saleen serialization and bumper number to signify the exclusivity. With prices starting in the low $70,000s, it is no wonder the order bank has been filling up fast for this one-of-a-kind vehicle.

"You simply cannot get a vehicle with this much power, style, performance, and exclusivity anywhere in the world at such a good value," remarked Steve Saleen, "except from us."

The 2015 Saleen S302 Black Label Mustang is available for order through select Ford dealers nationwide, on saleen.com or by calling Saleen's Vehicle Sales Division 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.

Contact Information