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.
Information about Forward-Looking Statements
This press 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 the Company'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 the Company's filings with the United States
Securities and Exchange Commission. An example of such forward
looking statements in this press release include statements
regarding the Company developing and completing successful new car
projects and sales. 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. The Company undertakes no
obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise.
SOURCE Saleen Automotive, Inc.