CORONA, Calif., May 19,
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 it has
signed an agreement with BASF to exclusively use the company's
products at Saleen's Campus in Corona,
California.
Saleen Automotive will create a highly specialized,
state-of-the-art facility to produce all new Saleen colors using
new technology developed by BASF and Saleen Automotive.
"Adding an elite brand like BASF to the tradition of excellence
we value at Saleen Automotive is an important moment in our
corporate development," stated Steve
Saleen, CEO, Saleen
Automotive. "Partnering with BASF and bringing their paint
under our own roof allows us to streamline operations and produce
high quality vehicles in all-new proprietary Saleen colors and with
greater profit margin."
"Together we hope to expand the market for Saleen vehicles
through joint marketing and promotion," added Saleen.
The all-new colors are expected to debut during the Summer of
2014.
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. 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.