Shelby Automotive South Africa

[brentfenimore]

STG,

Yes our intent is to have stock units available to the dealer network and I agree that SPF having this available is a definate advantage to them in the market.

I must admit that SAI was amazed at the quantity of vehicles sold in the first days following the introduction at Monterey in mid August. The Shelby dealer network sold 50 units in 3 months which is equivelant to the total number of glass and aluminum units sold in 2001. We are not trying to collect deposits (liabilities) and sit on them but at the same time we did not know of any other way to put customers in line and make sure they are legitimate with their purchase request.

The sequence of events that have led up to the delay in delivery of vehicles is hard to take ownership of but plain and simple we (SAI) are at fault and knowone else. We are trying to get things leveled out and will continue to use all resources at our disposal until we succeed in satisfying all orders and get stock units on our show room floor.

To this end I would like to inform everyone that in order to subsidize the production of fiberglass bodied CSX4000 vehicles at SASA, SAI has placed eight production units on line in Las Vegas and will place additional units on line pending the performance of the newly formed company. The units being built out by SASA and SAI are all built to the same configuration utilizing the same engineering, components and quality standards so please do not turn this into a platform to state that one is more valuable than the other or that one is better than the other. Please realize we are one company and will help each other get through this as well as any future setbacks that have ramifications on our customers.

R Brent Fenimore