**BREAKING NEWS** - Carroll Shelby International Inc. (OTCBB: CSBI)

LOS ANGELES, Aug. 22 /PRNewswire-FirstCall/ -- Carroll Shelby International, Inc. OTC Bulletin Board: CSBI - News), announced today that Carroll Shelby, its Chairman and Chief Executive Officer, has once again partnered with the Ford Motor Company to offer his expertise to Ford Performance Group in a project to jointly develop specialty niche performance products.

Like the performance oriented Shelby Fords developed in collaboration more than 40 years ago, Ford's upcoming lineup of Shelby-influenced performance cars will offer discerning enthusiasts and consumers everything they've come to expect from a Shelby vehicle -- higher performance, better handling and unique, dynamic designs.

"Throughout my career, I have had the privilege of working with several manufacturers in the development of some great automobiles," says Shelby. "But my energy and passion for performance products has always been at its peak when it involved a Ford Motor Company vehicle. I couldn't be more proud to have another opportunity to recreate history."

In the 1960s Carroll Shelby and Ford worked together on both racing and production vehicle programs, from the original Ford-powered Shelby Cobra to the Le Mans-winning Ford GT40 racing cars and the Shelby GT350 and GT500 Mustangs that kick-started the pony car craze. It was a decade of performance punctuated by Ford muscle and Shelby's engineering prowess.

Carroll Shelby, still a dominant force in the automotive industry at age 80, has recently been serving as a senior technical advisor to Ford's team developing the new Ford GT supercar, providing design and engineering support.

About Carroll Shelby International, Inc.

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

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 Licensing Inc.

Click here for our full corporate profile on Shelby (June 23, 2003)

Shelby in the NEWS - USA Today and CNN Money

Excerpts from recent News Articles:

From USA Today 8/15/03 (Click Here for entire article)

DETROIT (AP) — Ford Motor will partner again with automotive legend Carroll Shelby to build high-performance vehicles, 40 years after the two first joined forces to create cars like the highly collectable Shelby Mustang. 

The 500-horsepower Ford GT will feature a supercharged 5.4-liter V-8 engine and a price tag of roughly $130,000. The car is modeled after the Ford GT racers that finished in the top three positions at the 24-hour endurance race at Le Mans in 1966. 

"This is a bigger deal for Ford than it is for Carroll Shelby," said Jim Cox, owner of the Branson Collector Car Auction in Branson, Mo. "Anything with the Shelby name on it is going to attract attention." 

This is just a brief excerpt - to view the entire article with pictures  Click Here

From CNN Money 8/18/03 (Click Here for entire article)

August 18, 2003: 5:15 PM EDT By Peter Valdes-Dapena, CNN/Money Staff Writer
NEW YORK (CNN/Money) - Performance guru Carroll Shelby and Ford Motor Co. say they're ready to do it again. Shelby, a former race car driver who became the driving force behind a series of highly collectible muscle cars and sports cars, will be offering his expertise to Ford's performance group. 

Carroll Shelby at LeMans in 1967 with the Ford GT40. Ford and Shelby first worked together over 40 years ago, a partnership that created the high-powered Shelby Mustangs coveted today by muscle car collectors. Shelby already has acted as a consultant on the Ford GT, a supercar that will go on sale next year. Shelby, who turned 80 earlier this year, was a senior technical advisor to the Ford team that created the GT. 

The upcoming Ford GT The first 2005 Ford GT -- only three 2004 GTs will be produced -- sold at Christie's auto auction at the Pebble Beach Concours d'Elegance in California Sunday for $557,500. It had been expected to bring up to $180,000. The car will be built, to the buyer's specifications, in late 2004. Ford first hired Shelby in 1965 to help with the GT40 racecar it was designing. That car was the inspiration for the new Ford GT. The original GT won the 24-hour LeMans race in France 4 times from 1966 to 1969 and won the World Sports Car Championships in 1966 and '67. 
An AC Cobra racing at Sebring in 1964. 

This is just a brief excerpt - to view the entire article with pictures  Click Here
 
 

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
For a current stock quote, click here
For SEC filings, click here
 

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