Ginseng Forest, Inc. Announces Completed Merger With Carroll Shelby

Ginseng Forest, Inc. Soon to Be Called Carroll Shelby International Inc. Completes Its Transaction With Carroll Shelby's Licensing And Automobile Companies

LOS ANGELES, June 30 -- Ginseng Forest (BULLETIN BOARD: GSGF) announced today that it has successfully completed the agreement to acquire Carroll Shelby Licensing Inc., and Shelby Automobiles Inc. As previously announced, Ginseng Forest will change it's name to Carroll Shelby International Inc.

"I am excited for the opportunity this provides," says Carroll Shelby, Chairman. "This will greatly boost our ability to expand on all fronts through licensing and automotive channels."

Shelby Automobiles Inc. is building the latest in a long line of performance cars. Shelby Automobiles Inc. manufactures the legendary Shelby Cobras, and will be involved in special car manufacturing, design and engineering projects, and plans to further increase production and availability of these historic cars 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.