Fisker Automotive, Inc. and Fisker Automotive Holdings, Inc. (collectively, Fisker Automotive) today issued the following statement:

"With the Court's decision to limit Hybrid Tech Holdings' credit bid rights, Fisker will now be able to move forward with a competitive auction process," stated Marc Beilinson, Fisker Automotive's Chief Restructuring Officer. "Our goal is to secure the greatest recovery for all stakeholders involved."

Sitrick And Company
Anita-Marie Laurie
310-788-2850