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Saleen to Explore Sale of Operations


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TROY, Michigan, MI. November 11, 2008: Saleen Automotive, America’s premiere automotive lifestyle brand, today announced that is has retained an investment banking advisor to explore the sale of its global auto operations and to assess other strategic initiatives.

Saleen has engaged William Blair & Company, L.L.C. to provide independent advice to the management and board of directors as the company continues toward a sale. The board has set a tentative timetable to receive preliminary indications of interest from prospective parties over the next two months and plans on finalizing a transaction in early 2009.