SPECIAL EVENT (GARDENA) - Carroll Shelby Licensing Commences Termination Proceedings...

Carroll Shelby Licensing Inc. (CSL), confronted with concerned customers and litigation involving failure to deliver the 1960s “Continuation” Shelby GT-350SR and GT-500E “Eleanor” vehicles being manufactured by its licensee, has commenced termination proceedings relating to its license agreements with Unique Motorcars Inc. CSL has placed Unique on notice of termination unless and until Unique, among other things, satisfies existing customer complaints, delivers the vehicles previously promised to its customers and develops a feasible financial plan.

“Carroll Shelby Licensing has had no choice but to give Unique notice that its license agreements with Shelby are subject to termination,” said John Luft, President of CSL. “We, as the licensor, must carry the burden of protecting the goodwill associated with the Shelby brand, which Carroll Shelby has spent over 50 years building and protecting. Carroll Shelby Licensing must be proactive in enforcing its rights and remedies under all its license agreements, including its agreements with Unique.”

About Carroll Shelby Licensing

Automotive manufacturer and entrepreneur Carroll Shelby is one of the most famous and successful high performance visionaries in the world. In 1998, he founded Carroll Shelby Licensing Inc., which is the exclusive holder of trademarks and vehicle design rights for some of the most famous muscle cars and high-performance vehicles. 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 visit www.shelbylicensing.com.