Carroll Shelby International, Inc., Retains SBI USA to Provide Full-Range of Investment Banking Services
LOS ANGELES, Aug. 12, 2003 -- Carroll Shelby International, Inc. (BULLETIN BOARD: CSBI) , announced today that it has retained SBI USA to act as its investment banker. SBI USA is a member of SOFTBANK Investment Group and a division of First Securities USA, Inc., member NASD/SIPC.
SBI USA will provide, among other services, assistance with the Company's financing efforts as it attempts to secure additional capital for product development, acquisitions, and working capital. SBI USA will also assist the company with general business strategy and advice regarding listing on a national exchange.
"We are delighted to be associated with SBI USA. They have a strong institutional banking presence and distribution capacity, coupled with individuals in their group who have significant brand management and automotive domain experience," says John Luft, President of Carroll Shelby International, Inc. "We are already working actively with them and plan on leveraging their contacts and expertise to help us expand our business. Our newly formed relationship with SBI USA positions us for accelerated growth on both our business and financial objectives."
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 .
About SBI USA
SBI USA is a division of First Securities USA, member NASD/SIPC, and is an affiliate of the U.S. subsidiary of SBI E2-Capital Ltd ("SBI E2-Capital Group"), a financial services joint venture between Hong Kong-listed companies SOFTBANK Investment International (Strategic) Limited ("SOFTBANK Strategic," stock code 0648HK, http://www.softbank.com.hk/ /) and E2-Capital (Holdings) Limited ("E2-Capital Group", stock code 0378HK, http://www.e2capital.com/ /). SBI E2-Capital Group comprises an investment banking team with expertise in public and private fundraising, deal structuring and other financial advisory services for middle-market companies in multiple technology and high growth sectors. SBI E2-Capital Group offers comprehensive services in the investment banking, financial products, asset management and broking services sectors.
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.