CORONA, Calif., Dec. 3, 2013 — Saleen Automotive, Inc. (the "Company"), an American specialty manufacturer of high performance vehicles, technical performance parts, lifestyle accessories and apparel, is pleased to confirm that the Company is currently in development to produce an electric vehicle for eventual distribution and sale.

"We recognize that electric cars are a trend, not a fad and expect this vehicle category to continue to increase as an automotive option for consumers," stated Steve Saleen, CEO, Saleen Automotive Inc. "We intend to enter this market with an offering that is truly innovative and offers the styling and craftsmanship associated with the Saleen Automotive brand. The rapid pace of advancements in electric vehicle technology makes our entry into this market sector timely and should expedite completion of this project."

Saleen Automotive plans to update the financial and automotive media in early 2014 with the public release of scale models of its new electric vehicle project.

"I'm not prepared to give all the details of our electric vehicle project yet but I can tell you that it is unlike anything currently in the marketplace," added Saleen. "Throw out your pre-conceived notions and expectations. This vehicle will be revolutionary in its aesthetics and mechanics. Stay tuned."

Source: Saleen