NEWS: Amy Boylan out, John Luft in at Shelby American

[SunDude]

SHELBY AMERICAN GEARS UP PRODUCTION OF 2011 GT350, SUPER SNAKE AND PERFORMANCE PARTS BUSINESS
4/20/2010

FOR IMMEDIATE RELEASE

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Scott Black
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• Shelby American is ramping up production of 2011 GT350 and Super Snake
• 2011 Ford Mustangs in transit to Shelby American for transformation into new GT350’s
• Shelby Performance Parts becomes major emphasis
• John Luft assumes operational responsibilities

LAS VEGAS – April 20, 2010 – The board of Carroll Shelby International, Inc. (CSBI:PK) has announced today that production is ramping up for the first shipment of Ford Mustang GT’s, which are in transit to be transformed into Shelby GT350’s at its Shelby American subsidiary in Las Vegas. In addition, the company continues to grow its Shelby Performance Parts division with products for the 2005-2011 Ford Mustang, GT500 and Shelby GT.

“I still show up 50 years later, guiding and directing this great Shelby American team in Las Vegas that you’ve grown to know and trust,” said Carroll Shelby, founder of Shelby American. “I’ve brought in John Luft, who has been president of Shelby Licensing for the past decade. He will be responsible for leveraging these companies in support of the one Shelby brand.”

Over the past six months, Carroll Shelby International introduced Shelby Nation, distributed a new merchandising catalog and built a parts business.

“We’ve retooled our production lines in Las Vegas to focus on the new GT350 and the Super Snake, beefed up our Shelby Performance Parts business and looked for ways to integrate all the units in a more cohesive way,” stated Mr. Luft. “Now that Ford is beginning to turn out the 2011 Mustang GT and GT500, we can’t wait to start putting our latest cars on the road. The future is bright at Shelby American.”

CFO Keith Belair, vice presidents Gary Davis, Gary Patterson and Jim Owens will continue at Shelby American. As well as growing the car business, they will also be responsible for building the newly integrated Shelby Performance Parts company. In addition, a chassis dyno was recently installed at the new “Shelby American Motorsports Speed Shop” at the Las Vegas location. The shop is now open for Shelby performance tuning.

For inquiries about the Shelby GT350, GT500 Super Snake, performance parts program or new speed shop, call (702) 942-7325.

About Shelby American, Inc. and Carroll Shelby Licensing
Founded by legend Carroll Shelby, Shelby American Inc., (www.shelbyamerican.com) manufactures and markets performance vehicles and related products. Shelby American is a division of Carroll Shelby International Inc. (CSBI.PK). Carroll Shelby Licensing Inc., also a wholly owned division, is the exclusive holder of Carroll Shelby's trademarks and vehicle design rights. It also holds trademark rights for Shelby-branded apparel, accessories and collectibles. Info is at www.carrollshelbyinternational.com.