Shelby Automobiles Introduces New Price for CSX 4000 Series Cobras While It Expands Production in New Las Vegas Facility

Introduction of $39,995 Cobra Makes More Accessible To Greater Number of Enthusiasts

LAS VEGAS, Oct. 2 -- Carroll Shelby International, Inc. (BULLETIN BOARD: CSBI) , announced today that its subsidiary Shelby Automobiles, Inc. has inaugurated a new, competitive retail price of $39,995 for its CSX 4000 Series model 427 S/C Cobra. The new pricing structure for this model allows the company to bring its CSX 4000 Series Cobra component vehicles, developed under the direct supervision of the legendary Carroll Shelby, to a greater range of sports car and automotive enthusiasts worldwide.

The launch of the $39,995 CSX 4000 Series 427 S/C Cobra was introduced at the Monterey Historic Event, and coincides with Shelby Automobiles' announcement that it is expanding it's production in it's new Las Vegas-based Cobra assembly facility at 6835 Speedway Blvd.

"This expanded production and final assembly program for the CSX 4000 Series Cobra is the next step in the long-range development and growth of Shelby Automobiles," says John Luft, president of Carroll Shelby International, Inc. "The response has been tremendous, however our goal is to not only create quality, high-performance, sports cars that fuel enthusiasts' passions, but to provide collector's and enthusiasts an alternative to the kit car imitation Cobra's, at the same competitive pricing levels."

The base Shelby Cobra 427 S/C (CSX 4000 Series) consists of a high-strength fiberglass composite body in legendary Cobra styling with original frame configuration, original four-wheel independent suspension with dual A-arms and coil-over shocks, rack and pinion steering, Baer brakes with Shelby-inscribed calipers and 15-inch Hallibrand-style pin drive wheels.

Headers and sidepipes plus a chrome roll bar complement the car's show-quality paint, available in an assortment of colors. Power routes through a Shelby aluminum differential housing Dana 44 gears with a 3.54 differential ratio.

Inside the classic appointments include an S/C dash layout with Signature Series autometer gauges, an original-style 15-inch wood rim steering wheel, wind wings and sun visors, leather seats, full carpeting (including the trunk) and aluminum fender closeout panels, front and rear.

A selection of options are also available, including, an aluminum or carbon fiber body, a LeMans striping package, a street car interior with glove box and side view mirrors, 16- and 17-inch wheel and tire packages, a 42 gallon racing fuel cell and more.

For more detailed information on the Shelby Cobra 427 S/C standard equipment and options, plus other Carroll Shelby products and accessories, jump on the information highway and take a spirited drive through the company's new web site at www.shelbyautos.com.

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.