CORONA, CA -- (Marketwired) -- 07/05/13 -- Saleen Automotive, Inc. (OTCBB: SLNN) (the "Company"), an American niche manufacturer of lifestyle ultra-high performance vehicles, technical performance parts, lifestyle accessories and apparel, is pleased to announce that, effective immediately, the Company has officially changed its name from W270, Inc. to Saleen Automotive, Inc. Along with the name change, FINRA has approved the changing of the Company stock ticker symbol to (OTCBB: SLNN) from the previously used (OTCBB: WSTY). The name and ticker changes are subsequent to Saleen Automotive completing its merger with W270, Inc., as announced on June 27, 2013.
"The Saleen Automotive name has been synonymous with high performance vehicles for three decades. In order to meet our goals as a public entity, it was important that we completed the name change to capitalize on brand recognition to deliver maximum growth opportunities for our company and shareholders," said Steve Saleen, Chairman and Chief Executive Officer of Saleen Automotive.
About Saleen Automotive, Inc.
Saleen is an American niche manufacturer of lifestyle ultra-high performance vehicles, technical performance parts, lifestyle accessories and apparel. With more than 30 years of automotive heritage, 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 statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Saleen Automotive, Inc., its directors or its officers with respect to, among other things: (i) product plans; (ii) trends affecting its financial condition or results of operations; and (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Saleen Automotive, Inc.'s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in Saleen Automotive, Inc.'s filings with the Securities and Exchange Commission.
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