Shelby and AC Once Again Make Automotive History
October 07, 2003 09:04:00 AM ET
Shelby and AC Strategic Alliance Paves the Way for the Next 40 Years and
Beyond
LOS ANGELES, Oct. 7 /PRNewswire-FirstCall/ -- Carroll Shelby International
Inc. (OTC Bulletin Board: CSBI), and AC Motor Holdings Ltd. announce today
that a strategic alliance has been formed between the two companies, thus
repeating history by bringing these two hallmark automotive brands back
together again. This historic strategic alliance effort is being led by
Carroll Shelby International Inc.'s Chairman and Director Carroll Shelby and
AC Motor Holdings Ltd.'s Chairman and CEO, Alan Lubinsky. Under this
collaboration the two companies will begin working together in all areas of
marketing, sales, manufacturing, distribution, and product development.
Details of this collaboration will be forthcoming.
The discussions with AC, Britain's oldest surviving car maker, comes on the
heels of the announcement that Carroll Shelby has formed an historic
partnership with the Ford Motor Company to offer his expertise to Ford
Performance Group in a project to jointly develop specialty niche
performance products.
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. its 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.
About AC Motor Holdings, Ltd.
The history of AC dates back more than a century to 1901, when British
entrepreneur John Portwine and engineer John Weller designed and built a
four- seat touring car, which they exhibited at the 1903 Motor Show at the
Crystal Palace in London. Their second effort was a three-wheeled delivery
vehicle in 1904 -- the Auto Carrier. By 1907, their first successful
passenger car, called the Sociable, was created, bearing the now famous AC
emblem. In the 1950's the AC Ace was conceived and many people felt was the
nicest British sport car of its time. In the 1960's AC assisted Carroll
Shelby in realizing his dream of creating one of the most famous sports cars
of the 20th century, the Shelby AC Cobra. To this day the AC brand is well
known for its craftsmanship. In 1999 AC produced the largest one-piece
carbon fiber automotive body that was used on a production car, the AC Cobra
CRS. It weighed about 22 kg without the closures. AC has recently agreed to
open a research and development center in Malta and will also be producing
certain of its future model range at a facility in Malta.
www.acautomotive.info
) 2003 PRNewswire
Durango David
970 247-0704
adin@frontier.net
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