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SOURCE Saleen Automotive, Inc.
CORONA, Calif., June 30, 2014 /PRNewswire/ -- Saleen Automotive, Inc. (OTCBB: SLNN) (the "Company"), an American specialty manufacturer of high performance vehicles, technical performance parts, lifestyle accessories and apparel, is pleased to provide the market with its results for the three months and fiscal year ended March 31, 2014. The Company's full report on Form 10-K is available in its entirety at http://edgar.sec.gov/.
Key financial results of operations for the quarter ending March 31, 2014 are summarized herein:
Key financial results of operations for the fiscal year ended March 31, 2014 are summarized herein:
"Our robust sales performance this past fiscal year reflects our sales and marketing efforts achieved by our expanded sales force as well as expansion with the addition of new dealer networks," stated Steve Saleen, CEO, Saleen Automotive. "As we look down the road, we plan to expand our business and launch into different verticals through bringing to market our first electric vehicle, the Saleen Tesla S, and through the opening of retail Saleen outlets and our agreement to distribute our full line of Saleen performance cars in China. These new initiatives and opportunities will allow us to expand our comprehensive portfolio and distribution network and capitalize on this momentum in our industry."
Milestones from the period include:
All the above events can be read by looking under the news feed for SLNN. Saleen uses the following outlets to provide updates from time to time to the public regarding its business and operations:
Company website: www.saleenautomotive.com
About Saleen Automotive, Inc.
Saleen Automotive 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 Automotive 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. Examples of such forward looking statements in this press release include statements regarding derivative liabilities and 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.
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