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WSTY - loadup the cheapies before it's on the big bro's radar...W270 and Saleen Inc merged to form Saleen Automotive Inc. IMO, WSTY will be at $5 with more news on high performance and Zero Emission Muscle cars....
WSTY - Low volume with high potential.....can break out with more news coming out on high performance cars from Steve Saleen....
WSTY - with the new high performing cars in production, IMO, WSTY can be at $5 in the short term ---- Don'r miss the $$$$$$$$$$$$$
WSTY - stay tuned for the developing stories...IMO, it will soon breal out with more news on new models from Saleen....
WSTY (Steve Saleen) announced plans on new high performing muscle cars.....stay tuned...WSTY can break out anytime soon , IMO....
WSTY poised to break out soon....
http://investorshub.advfn.com/W270-Inc-WSTY-26492/
New Saleen Supercar is On the Way
After regaining control of his company, Steve Saleen has just announced plans to build a new supercar as well as an EV. Back in 2007, Steve Saleen left the high-performance car company he founded due to a dispute with management. But last year he returned triumphant and managed to reacquire the Saleen brand and name. Since that time he’s worked to merge his SMS Signature Cars with the original Saleen Autosport. And not only is that merger now complete, but the company has just announced that it’s raised some $3 million in investments in order to fund new projects.
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Along with tuned Ford Mustangs and Chevy Camaros as well as aftermarket parts and accessories, the new and improved Saleen Auto has also announced plans for a new supercar along with high-performance electric cars. Although plans for both the supercar and EV are not clear at the moment, Steve Saleen himself proudly announced that "We are excited to...enter into the next stage of our growth, as we bring these automobiles into the mainstream and grow our retail presence into new markets in the US. We are also developing high-performance electric vehicles targeting the zero-emissions segment."
The creator of the S7 supercar has always come through to produce top quality high-performance cars and we have no doubt that he’s up to the task of doing it again. Whether this means we'll soon see a production version of S5S Raptor concept or something new entirely remains unknown for now but what's for certain is that great things are about to happen here.
- See more at: http://www.carbuzz.com/news/2013/6/30/New-Saleen-Supercar-is-On-the-Way-7715069/#sthash.rsCM0i90.dpuf
check out WSTY too....
watch out for WSTY....could soon cross $5 IMO with moer and more news on Zero Emission car...don't miss it...
WSTY - $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ - Get it before it's too late...
WSTY - Steve Saleen - "We are excited to become a publicly-traded company and enter into the next stage of our growth, as we bring these automobiles into the mainstream and grow our retail presence into new markets in the U.S.,” Steve Saleen said in a statement. “We are also developing high-performance electric vehicles targeting the zero-emissions segment.”
http://www.motorauthority.com/news/1085096_saleen-reveals-future-plans-mentions-supercars-and-electrics
http://www.autoevolution.com/news/saleen-working-on-new-supercar-performance-ev-62166.html
http://www.worldcarfans.com/113062759396/saleen-automotive-reborn-promises-a-new-supercar--high-performance
http://www.manufacturingdigital.com/press_releases/parts-and-accessories/w270-inc-completes-merger-with-saleen-automotive-inc
http://blogs.musclemustangfastfords.com/6796604/mustang-news/the-700hp-saleen-351-finally-starting-production/
WSTY - Saleen Automotive - Steve Saleen back in charge
http://www.motorauthority.com/news/1085096_saleen-reveals-future-plans-mentions-supercars-and-electrics
http://www.autoevolution.com/news/saleen-working-on-new-supercar-performance-ev-62166.html
http://www.worldcarfans.com/113062759396/saleen-automotive-reborn-promises-a-new-supercar--high-performance
http://www.manufacturingdigital.com/press_releases/parts-and-accessories/w270-inc-completes-merger-with-saleen-automotive-inc
http://blogs.musclemustangfastfords.com/6796604/mustang-news/the-700hp-saleen-351-finally-starting-production/
WSTY - Saleen Automotive Back from Dead with Promises of New Supercar - Saleen Automotive Inc Reveals Future Plans, Mentions Supercars And Electrics
http://www.motorauthority.com/news/1085096_saleen-reveals-future-plans-mentions-supercars-and-electrics
http://www.autoevolution.com/news/saleen-working-on-new-supercar-performance-ev-62166.html
http://www.worldcarfans.com/113062759396/saleen-automotive-reborn-promises-a-new-supercar--high-performance
http://www.manufacturingdigital.com/press_releases/parts-and-accessories/w270-inc-completes-merger-with-saleen-automotive-inc
http://blogs.musclemustangfastfords.com/6796604/mustang-news/the-700hp-saleen-351-finally-starting-production/
WSTY - Steve Saleen said in a statement. “We are also developing high-performance electric vehicles targeting the zero-emissions segment.”
http://www.motorauthority.com/news/1085096_saleen-reveals-future-plans-mentions-supercars-and-electrics
http://www.autoevolution.com/news/saleen-working-on-new-supercar-performance-ev-62166.html
http://www.worldcarfans.com/113062759396/saleen-automotive-reborn-promises-a-new-supercar--high-performance
http://www.manufacturingdigital.com/press_releases/parts-and-accessories/w270-inc-completes-merger-with-saleen-automotive-inc
http://blogs.musclemustangfastfords.com/6796604/mustang-news/the-700hp-saleen-351-finally-starting-production/
WSTY - The company has also announced plans for a new-generation supercar as well as electric cars for commercial and consumer markets.
http://www.motorauthority.com/news/1085096_saleen-reveals-future-plans-mentions-supercars-and-electrics
http://www.autoevolution.com/news/saleen-working-on-new-supercar-performance-ev-62166.html
http://www.worldcarfans.com/113062759396/saleen-automotive-reborn-promises-a-new-supercar--high-performance
http://www.manufacturingdigital.com/press_releases/parts-and-accessories/w270-inc-completes-merger-with-saleen-automotive-inc
http://blogs.musclemustangfastfords.com/6796604/mustang-news/the-700hp-saleen-351-finally-starting-production/
WSTY - Saleen Autohas also announced that it has raised approximately $3 million in investment to help fund its future products
http://www.motorauthority.com/news/1085096_saleen-reveals-future-plans-mentions-supercars-and-electrics
http://www.autoevolution.com/news/saleen-working-on-new-supercar-performance-ev-62166.html
http://www.worldcarfans.com/113062759396/saleen-automotive-reborn-promises-a-new-supercar--high-performance
http://www.manufacturingdigital.com/press_releases/parts-and-accessories/w270-inc-completes-merger-with-saleen-automotive-inc
http://blogs.musclemustangfastfords.com/6796604/mustang-news/the-700hp-saleen-351-finally-starting-production/
WSTY - Saleen Automotive - Steve Saleen announces plans for 2010 Mustang... Saleen Still Keen On Supercar Plans
http://www.motorauthority.com/news/1085096_saleen-reveals-future-plans-mentions-supercars-and-electrics
http://www.autoevolution.com/news/saleen-working-on-new-supercar-performance-ev-62166.html
http://www.worldcarfans.com/113062759396/saleen-automotive-reborn-promises-a-new-supercar--high-performance
http://www.manufacturingdigital.com/press_releases/parts-and-accessories/w270-inc-completes-merger-with-saleen-automotive-inc
http://blogs.musclemustangfastfords.com/6796604/mustang-news/the-700hp-saleen-351-finally-starting-production/
WSTY - Saleen Automotive Inc Reveals Future Plans, Mentions Supercars And Electrics
http://www.motorauthority.com/news/1085096_saleen-reveals-future-plans-mentions-supercars-and-electrics
http://www.autoevolution.com/news/saleen-working-on-new-supercar-performance-ev-62166.html
http://www.worldcarfans.com/113062759396/saleen-automotive-reborn-promises-a-new-supercar--high-performance
http://www.manufacturingdigital.com/press_releases/parts-and-accessories/w270-inc-completes-merger-with-saleen-automotive-inc
http://blogs.musclemustangfastfords.com/6796604/mustang-news/the-700hp-saleen-351-finally-starting-production/
Saleen Reveals Future Plans, Mentions Supercars And Electrics
Steve Saleen announces plans for 2010 Mustang... Saleen Still Keen On Supercar Plans
Now that Steve Saleen, founder of tuning firm Saleen Autosport and creator of the original Saleen S7 supercar, has won back the right to the legal use of his name on new products, the former racer-turned-automotive-entrepreneur is keen to get back to what he loves doing most, building some of the best performance cars on the market.
Saleen’s new company is Saleen Automotive and it has just finalized the 100 percent merger of Saleen's SMS Signature Cars offshoot and the original Saleen Autosport, which Saleen resigned from in 2007.
Concurrent with the merger, Saleen Autohas also announced that it has raised approximately $3 million in investment to help fund its future products.
In addition to new versions of existing products, like tuned Ford Mustangs, Dodge Challengers and Chevrolet Camaros, Saleen Auto will also sell aftermarket specialty parts and lifestyle accessories.
The company has also announced plans for a new-generation supercar as well as electric cars for commercial and consumer markets.
"We are excited to become a publicly-traded company and enter into the next stage of our growth, as we bring these automobiles into the mainstream and grow our retail presence into new markets in the U.S.,” Steve Saleen said in a statement. “We are also developing high-performance electric vehicles targeting the zero-emissions segment.”
It’s not clear yet what Saleen Auto’s electric car plans are, however, we do have some clues as to what the new-generation supercar may end up like. The company in 2008 showcased a supercar concept that was originally pegged for production. Called the S5S Raptor, the supercar was billed as the spiritual successor to the S7 and was designed around a mid-mounted supercharged 5.0-liter V-8 sending 650 horsepower and 630 pound-feet of torque.
_______________________________________
The_PSA, welcome to WSTY....GLTY
Check WSTY ready to take off...IMO, $5 in the short term with news developing on Electric and Zero Emission Car....who knows it can be another TESLA...
http://www.worldcarfans.com/113062759396/saleen-automotive-reborn-promises-a-new-supercar--high-performance
http://www.gtspirit.com/2013/06/29/official-saleen-automotive-back-from-dead-with-promises-of-new-supercar/
http://www.manufacturingdigital.com/press_releases/parts-and-accessories/w270-inc-completes-merger-with-saleen-automotive-inc
WSTY - Saleen Automotive Inc. announced Electric and Zero Emission Car....
http://www.worldcarfans.com/113062759396/saleen-automotive-reborn-promises-a-new-supercar--high-performance
http://www.gtspirit.com/2013/06/29/official-saleen-automotive-back-from-dead-with-promises-of-new-supercar/
http://www.manufacturingdigital.com/press_releases/parts-and-accessories/w270-inc-completes-merger-with-saleen-automotive-inc
WSTY - low volume - not on the radar yet - get in before bigbro's get in - $$$$$$$$ $5 in the short term IMO....Electric and Zero Emission Car....
http://www.worldcarfans.com/113062759396/saleen-automotive-reborn-promises-a-new-supercar--high-performance
http://www.gtspirit.com/2013/06/29/official-saleen-automotive-back-from-dead-with-promises-of-new-supercar/
http://www.manufacturingdigital.com/press_releases/parts-and-accessories/w270-inc-completes-merger-with-saleen-automotive-inc
WSTY - Ready to rock - $$$$$$$$ $5 in the short term IMO....Electric and Zero Emission Car....
http://www.worldcarfans.com/113062759396/saleen-automotive-reborn-promises-a-new-supercar--high-performance
http://www.gtspirit.com/2013/06/29/official-saleen-automotive-back-from-dead-with-promises-of-new-supercar/
http://www.manufacturingdigital.com/press_releases/parts-and-accessories/w270-inc-completes-merger-with-saleen-automotive-inc
WSTY $$$$$$$$ waiting for $5....Electric and Zero Emission Car....
http://www.worldcarfans.com/113062759396/saleen-automotive-reborn-promises-a-new-supercar--high-performance
http://www.gtspirit.com/2013/06/29/official-saleen-automotive-back-from-dead-with-promises-of-new-supercar/
http://www.manufacturingdigital.com/press_releases/parts-and-accessories/w270-inc-completes-merger-with-saleen-automotive-inc
WSTY - set to take off with Saleen's enrty...don't just watch it sky rocketting...enjoy the ride being part of it.....$5 in the near term IMO..... EV and Zero Emission car will really make WSTY another Tesla....
http://us1.campaign-archive1.com/?u=265afead2fd7ab78c193bb972&id=cfa00bf21b&e=4d755a727b
http://www.worldcarfans.com/113062759396/saleen-automotive-reborn-promises-a-new-supercar--high-performance
WSTY - working on the next-gen S7 supercar and the all-new high-performance EV. -------$5 $5 $5 $5 is in the short term, IMO.....
http://www.worldcarfans.com/113062759396/saleen-automotive-reborn-promises-a-new-supercar--high-performance
WSTY - developing high-performance electric vehicles targeting the zero-emissions segment. IMO, $5 is not a long term target with electric and zero emission car.
http://www.worldcarfans.com/113062759396/saleen-automotive-reborn-promises-a-new-supercar--high-performance
agreed...but need more...let's spread the word...$5 is not out of range with Electric and Zero Emission Car
skibum, that's true until last week. As the dust is now settled, they started concentrating on public relations. Also, remember that Steve's compensation is related to the amount he raises - so his team will work on it.
On your other PM regarding dividend, I understand the same. But on the other stock early this year, there was a similar PR and I got into it after the date, but I got the divided (it was 1 share for every 4 shares). Honestly, it doesn't matter much to me.
The only thing that matters is the price and I wanted it to be $5 and higher(I know I may greedy). I raised my expectations after seeing the news that Steve is working on "Electric and Zero Emission Car". Look at Tesla, how it's shooting up with the same concept.
We all need to do our part by spreading the word. Let's post it on top boards.
Saleen ramps up production of the 351 Mustang
THE SALEEN 351 MUSTANG GOES PUBLIC
Saleen ramps up production of the 351 Mustang.
Corona, CA – (June 28, 2013)
Saleen Automotive Inc. (OTCBB: WSTY) has created quite a roar with its flagship Mustang offering, the Saleen 351, which is now underway for production.
“The amount of detail that we had to put in this vehicle is astounding”, said Steve Saleen. “I feel our team has struck the perfect balance of design, technology, and [of course] power.”
Saleen has been taking pre-orders for the 351 since its debut, and shortly after the unveiling of the prototype at the Knott’s Ford Show in Southern California is moving forward into production.
In true Saleen style, the 351 completes the trifecta of Speed, Science, and Style. Pounding out 700 hp and 655 ft-lb of torque on a supercharged 351 cubic inch V8, the Saleen 351 is rounded out by its distinct Saleen aerodynamics and Red Butterfly Center Ram Air Induction system.
Available in both Hardtop and Convertible, orders for this and other Saleen vehicles can be placed at Saleen dealers nationwide, or by contacting Saleen directly for a personalized ordering process which concludes at the nearest Saleen Authorized Dealership. For more information visit www.saleen.com
Yesterday, Saleen Automotive Inc. (OTCBB: WSTY), announced that it completed a reverse merger with W270 Inc. to become a publicly traded entity on the OTC Bulletin Board under the ticker symbol “WSTY”. More information about this announcement and other Saleen investor news can be found here.
###
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.
http://us1.campaign-archive1.com/?u=265afead2fd7ab78c193bb972&id=cfa00bf21b&e=4d755a727b
Official: Saleen Automotive Back from Dead with Promises of New Supercar
It has been a difficult ride for Steve Saleen as his various companies have gone through mergers, bankruptcies and now it seems a rebirth.
The rebirth comes courtesy of a merger between Saleen Automotive and SMS Signature Cars. Steve Saleen left his namesake company in 2007 after a falling out with management. Shortly thereafter he founded SMS Signature Cars who went on to produce high performance versions of various American muscle cars and trucks, with a primary focus on the car that gave Saleen so much of its success early on — the Ford Mustang.
The press release sent out today confirms that Steve Saleen will once again be in charge of the company, which plans to offer a “complete line of upgraded muscle cars, performance cars, automotive aftermarket specialty parts and lifestyle accessories.” Saleen is also famous for their record-breaking S7 supercar. And it has been confirmed by Steve himself that they are indeed working on another record-smashing supercar.
In addition to work on a brand new Saleen branded supercar, the company is reportedly working on a high performance electric vehicle as well as zero-emission cars. Steve Saleen had the following to say about the rebirth of his brand, “We are excited to become a publicly-traded company and enter into the next stage of our growth, as we bring these automobiles into the mainstream and grow our retail presence into new markets in the U.S. We are also developing high-performance electric vehicles targeting the zero-emissions segment.”
http://www.gtspirit.com/2013/06/29/official-saleen-automotive-back-from-dead-with-promises-of-new-supercar/
WSTY - Saleen Automotive reborn, promises a new supercar & high-performance EV
Saleen S302
Steve Saleen back in charge
Steve Saleen made a name for himself by building high-performance Mustangs and the S7 supercar, but he's finally back in control of the company that bears his name.
Thanks to a recently completed merger, Saleen Automotive now consists of Saleen Automotive and SMS Signature Cars. As you may recall, Steve Saleen resigned from Saleen Automotive in 2007 and went on to start SMS Signature Cars a year later.
The newly reconstituted company will offer a "complete line of upgraded muscle cars, performance cars, automotive aftermarket specialty parts and lifestyle accessories." More importantly, Saleen confirmed they are developing a new supercar as well as electric and zero-emission vehicles.
In a statement Steve Saleen said "We are excited to become a publicly-traded company and enter into the next stage of our growth, as we bring these automobiles into the mainstream and grow our retail presence into new markets in the U.S. We are also developing high-performance electric vehicles targeting the zero-emissions segment."
Source: Saleen Automotive
WSTY - Saleen Automotive reborn, promises a new supercar & high-performance EV
Saleen S302
Steve Saleen back in charge
Steve Saleen made a name for himself by building high-performance Mustangs and the S7 supercar, but he's finally back in control of the company that bears his name.
Thanks to a recently completed merger, Saleen Automotive now consists of Saleen Automotive and SMS Signature Cars. As you may recall, Steve Saleen resigned from Saleen Automotive in 2007 and went on to start SMS Signature Cars a year later.
The newly reconstituted company will offer a "complete line of upgraded muscle cars, performance cars, automotive aftermarket specialty parts and lifestyle accessories." More importantly, Saleen confirmed they are developing a new supercar as well as electric and zero-emission vehicles.
In a statement Steve Saleen said "We are excited to become a publicly-traded company and enter into the next stage of our growth, as we bring these automobiles into the mainstream and grow our retail presence into new markets in the U.S. We are also developing high-performance electric vehicles targeting the zero-emissions segment."
Source: Saleen Automotive
Saleen Working on New Supercar, Performance EV
California-based sportscar and performance-oriented automotive parts manufacturer is developing a new generation of supercars as well as a high-performance electric vehicle, the company revealed earlier this week.
Famous for its aftermarket Ford Mustangs and the S7 supercar, Saleen Automotive is now back under Steve Saleen’s guidance, after a successful merger with SMS Signature Cars. The latter was created in 2008 after Steve Saleen resigned from Saleen Automotive a year earlier.
While working on the next-gen S7 supercar and the all-new high-performance EV, Saleen will continue to offer its familiar range of modified Ford Mustang, Dodge Challenger and Chevrolet Camaro models.
"Since 1983, I have been developing some of the world's most advanced high-performance street cars with special aerodynamics, highly functional cockpits, and precise handling suspension," said Chairman and CEO Steve Saleen.
"We are excited to become a publicly-traded company and enter into the next stage of our growth, as we bring these automobiles into the mainstream and grow our retail presence into new markets in the US. We are also developing high-performance electric vehicles targeting the zero-emissions segment,“ he added.
Saleen Automotive reborn, promises a new supercar & high-performance EV
Saleen S302
Steve Saleen back in charge
Steve Saleen made a name for himself by building high-performance Mustangs and the S7 supercar, but he's finally back in control of the company that bears his name.
Thanks to a recently completed merger, Saleen Automotive now consists of Saleen Automotive and SMS Signature Cars. As you may recall, Steve Saleen resigned from Saleen Automotive in 2007 and went on to start SMS Signature Cars a year later.
The newly reconstituted company will offer a "complete line of upgraded muscle cars, performance cars, automotive aftermarket specialty parts and lifestyle accessories." More importantly, Saleen confirmed they are developing a new supercar as well as electric and zero-emission vehicles.
In a statement Steve Saleen said "We are excited to become a publicly-traded company and enter into the next stage of our growth, as we bring these automobiles into the mainstream and grow our retail presence into new markets in the U.S. We are also developing high-performance electric vehicles targeting the zero-emissions segment."
Source: Saleen Automotive
Just spread the word on Top Boards....
W270, Inc. Completes Merger With Saleen Automotive, Inc.
http://at.marketwire.com/accesstracking/AccessTrackingLogServlet?PrId=1030561&ProfileId=051205&sourceType=1
CORONA, CA -- (Marketwired) -- 06/27/13 -- W270, Inc. (OTCBB: WSTY) today announced that it has completed its merger to acquire 100% of Saleen Automotive, Inc. and SMS Signature Cars ("Saleen" or "the Company"), a performance automotive company that manufactures, upgrades, and sells high-end sports cars and related parts. W270, Inc. changed its name to Saleen Automotive, Inc. on June 17, 2013.
Concurrent with the merger, Saleen Automotive, Inc. raised an aggregate principle amount of $3,000,000 (including the conversion of $500,000 of existing notes) via a securities purchase agreement with accredited investors.
Founded by Steve Saleen, renowned race driver and high-performance automaker, Saleen Automotive designs, develops, manufactures and sells high-performance cars that include the Saleen Mustang, Saleen Challenger and Saleen Camaro. The Company's products include a complete line of upgraded muscle cars, performance cars, automotive aftermarket specialty parts and lifestyle accessories. Also in development are the next generation of supercars, as well as electric and zero-emission vehicles for the commercial and consumer markets.
"Since 1983, I have been developing some of the world's most advanced high-performance street cars with special aerodynamics, highly functional cockpits, and precise handling suspension," said Chairman and CEO Steve Saleen. "We are excited to become a publicly-traded company and enter into the next stage of our growth, as we bring these automobiles into the mainstream and grow our retail presence into new markets in the U.S. We are also developing high-performance electric vehicles targeting the zero-emissions segment."
For more information, please see the Company's associated 8-K filing made with the U.S. Securities & Exchange Commission ("SEC").
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.
Contact Information:
Media Contact
Molly Saleen
+1-714-400-2121
Investor Contact
Daniel Minton
+1-406-862-5400
Source: Marketwired (June 27, 2013 - 9:59 AM EDT)
News by QuoteMedia
www.quotemedia.com
W270, Inc. Completes Merger With Saleen Automotive, Inc.
http://at.marketwire.com/accesstracking/AccessTrackingLogServlet?PrId=1030561&ProfileId=051205&sourceType=1
CORONA, CA -- (Marketwired) -- 06/27/13 -- W270, Inc. (OTCBB: WSTY) today announced that it has completed its merger to acquire 100% of Saleen Automotive, Inc. and SMS Signature Cars ("Saleen" or "the Company"), a performance automotive company that manufactures, upgrades, and sells high-end sports cars and related parts. W270, Inc. changed its name to Saleen Automotive, Inc. on June 17, 2013.
Concurrent with the merger, Saleen Automotive, Inc. raised an aggregate principle amount of $3,000,000 (including the conversion of $500,000 of existing notes) via a securities purchase agreement with accredited investors.
Founded by Steve Saleen, renowned race driver and high-performance automaker, Saleen Automotive designs, develops, manufactures and sells high-performance cars that include the Saleen Mustang, Saleen Challenger and Saleen Camaro. The Company's products include a complete line of upgraded muscle cars, performance cars, automotive aftermarket specialty parts and lifestyle accessories. Also in development are the next generation of supercars, as well as electric and zero-emission vehicles for the commercial and consumer markets.
"Since 1983, I have been developing some of the world's most advanced high-performance street cars with special aerodynamics, highly functional cockpits, and precise handling suspension," said Chairman and CEO Steve Saleen. "We are excited to become a publicly-traded company and enter into the next stage of our growth, as we bring these automobiles into the mainstream and grow our retail presence into new markets in the U.S. We are also developing high-performance electric vehicles targeting the zero-emissions segment."
For more information, please see the Company's associated 8-K filing made with the U.S. Securities & Exchange Commission ("SEC").
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.
Contact Information:
Media Contact
Molly Saleen
+1-714-400-2121
Investor Contact
Daniel Minton
+1-406-862-5400
Source: Marketwired (June 27, 2013 - 9:59 AM EDT)
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Battery Electric Vehicles & Retail Distribution Outlets - From today's 8-k news release. I got this from one of our friends on this board.
Battery Electric Vehicles: We plan to develop a line electric battery electric vehicles (or BEVs) for commercial and consumer oriented applications, utilizing the same mass-customization process used with our performance vehicles and existing facilities to overlay the BEV design on selected new, but market proven, OEM automobile chassis designed for internal combustion engines. Our market strategy is to engage a network of distributors to enter the business enterprise and government fleet market in the U.S. and in international markets.
Retail Distribution Outlets: We intend to open a network of retail branded stores that will become a primary sales channel for our performance vehicles, supercars, aftermarket parts and accessories, founded on the concept of the former retail store in Southern California. Saleen apparel, presently sold online, is branded under the Saleen Lifestyle, Saleen Performance, Saleen Racing and Heritage marquees and provides enthusiasts with a new Saleen interactive experience and an ability to be immersed into the Saleen brand. We intend to operate these stores in high traffic malls in major cities where Saleen has a customer base, such as Orange County, Los Angeles, San Jose, Miami, Phoenix and other locations.