Racing Forward:  Carroll Shelby International Inc. (OTCBB: CSBI)

LOS ANGELES, Oct. 31 /PRNewswire-FirstCall/ -- Carroll Shelby International, Inc. (OTC Bulletin Board: CSBI - News), announced today that it has entered into a Letter of Intent to acquire automotive supercharger developer and manufacturer Allen Engine Development Inc. This acquisition will provide an extended reach for the world famous Shelby brand into the growing automotive aftermarket and performance parts market. In addition, the Allen Engine Development acquisition gives CSI tremendous depth in engineering services, which include research and development, CAD support, prototyping as well as full CNC machining services.

"This step marks the beginning of the company's growth through its acquisition, partnership and licensing efforts," says John Luft, President, Carroll Shelby International, Inc. Luft adds, "Strategic acquisitions such as Allen Engine Development, pair a well run organization building a great product, with one of the industry's most prominent brands, Shelby".

About Carroll Shelby International, Inc.

Carroll Shelby International, Inc. is the parent company of Shelby Automobiles and Carroll Shelby Licensing. www.carrollshelbyinternational.com

Shelby Automobiles Inc. is manufacturing high performance Shelby vehicles under the guidance of the legendary Carroll Shelby and will be involved in prototype manufacturing, design and engineering projects; and plans to increase production and availability of these Shelby products through an expanded dealer network and direct sales under a license agreement with Carroll Shelby Licensing Inc. For more information, call 702/325-4851 or visit the company's web site at www.shelbyautos.com .

Carroll Shelby Licensing Inc., founded in 1988, is the exclusive holder of automotive manufacturer and entrepreneur Carroll Shelby's trademarks and vehicle design rights, which include some of the world's most famous muscle cars and high-performance vehicles, including the car that brought home to the U.S. it's first and only FIA World Manufacturers Championship in 1965, the famous Shelby Cobra Daytona Coupe. It also holds trademark rights for Shelby-branded apparel, accessories and collectibles. For additional information about the company or licensing opportunities, call (310) 914-1843, or fax (310) 914-1853 or write to Carroll Shelby Licensing, Inc., 11150 West Olympic Boulevard, Suite 1050, Los Angeles, CA 90064 or visit www.carrollshelby.com .

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. 

Source: Carroll Shelby International, Inc.

Various Shelby companies are now organized within one public entity named Carroll Shelby International, Inc., collectively referred to as “Shelby.”  By taking the Shelby companies public, management will have access to the resources of the capital markets enabling the company to further develop and execute its plans for growth and expansion.

About The Founder - Carroll Shelby

Carroll Shelby has been involved in the automobile racing industry as a successful driver and team manager for decades and during this time has manufactured both on and off track cars. He has also worked as a consultant on some of the auto industry's most entrepreneurial projects. 

After leaving the Army Air Corps in WWII, Mr. Shelby joined the Aston Martin racing team in the 1950s. In 1958, teamed with Roy Salvadori, he won the famed LeMans 24 Hours for Aston Martin, giving the team its only victory in the long-distance classic and setting a new race record of 112.569 mph average for the event. 

One year after his LeMans victory, Mr. Shelby was forced to give up race car driving for health reasons, turning his attention to building cars - and creating what is still considered one of the fastest road cars ever, the Shelby Cobra. The 289 and 427 Cobra models and the subsequent GT 350 and GT 500 Shelby Mustangs that Mr. Shelby built for Ford made him a household name.  Mr. Shelby then built the special Cobra Daytona Coupes, which captured the FIA World Manufacturer's Championship in 1965.  The next year a Shelby-led group of Ford GT 40s beat Ferrari at LeMans, putting him back in the winner's circle, this time as a manufacturer with two consecutive victories at the famed 24-Hour classic, in 1966 and 1967. 
 
 

CONTACT

11150 W. Olympic Blvd. Suite 1050
Los Angeles, CA 90064-1817 USA
310-914-1843
jluft@shelbylicensing.com

For additional information about the company or licensing opportunities, visit www.carrollshelby.com
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