LOS ANGELES – May 11, 2012 – Carroll Shelby International, Inc., (OTC: CSBI.PK) announced today that Carroll Hall Shelby, a man whose vision for performance transformed the automobile industry, has died at age 89.   Mr. Shelby passed away yesterday at Baylor Hospital in Dallas. The cause of death was not disclosed.

Born on Jan. 11, 1923, Carroll Shelby was one of America’s greatest success stories.  Championship-winning racecar driver, “flying sergeant” wartime pilot, philanthropist, entrepreneur, car manufacturer and racing team owner, he embodied the ingenuity, tenacity and grit to overcome any obstacle.  He is perhaps the only person to have worked at a visible level with all three major American automobile manufacturers.  

Carroll Shelby founded Carroll Shelby International, a publicly held corporation involved in many industries.  His licensing arm has agreements with industry giants, such as Mattel, Sony, Ford Motor Company and Electronic Arts.  His car company, Shelby American, has a thriving parts business as well as a line of muscle cars including the Shelby GT500 Super Snake, Shelby GT350 and Shelby GTS.  The Las Vegas-based company also manufactures a limited number of the 1960s Shelby 289 “street,” 289 FIA, 427 S/C and Daytona Coupe Cobras.

Shelby considered his greatest achievement to be the establishment of the Carroll Shelby Foundation™.  Created in 1992 while Shelby was waiting for a heart transplant, the charity is dedicated to providing medical assistance for those in need, including children, educational opportunities for young people through automotive and other training programs and benefitting the Carroll Shelby Automotive Foundation.

Shelby remained active in the management of each of his companies and the Foundation until his death, even though he endured both heart and kidney transplants in the last two decades of his life.  

“We are all deeply saddened, and feel a tremendous sense of loss for Carroll’s family, ourselves and the entire automotive industry,” said Joe Conway, president of Carroll Shelby International, Inc. and board member.  “There has been no one like Carroll Shelby and never will be.  However, we promised Carroll we would carry on, and he put the team, the products and the vision in place to do just that.”

Shelby is survived by his three children Patrick, Michael and Sharon, his sister Anne Shelby Ellison of Fort Worth and his wife Cleo.  Funeral plans are not currently available.  Donations to the Carroll Shelby Foundation are encouraged in lieu of flowers.  Information about the Carroll Shelby Foundation is available at www.carrollshelbyfoundation.org.

About Shelby American, Inc.
Founded by legend Carroll Shelby, Shelby American manufactures and markets performance vehicles and related products.  Now a subsidiary of Carroll Shelby International, Inc., the company manufactures authentic continuation Cobras, including the 427 S/C, 289 FIA and 289 street car component vehicles.  The company offers the GT350, GT500 Super Snake and GTS post-title packages for the current generation Ford Mustang.  For more information, visit www.shelbyamerican.com.

About Carroll Shelby Licensing
Automotive manufacturer and entrepreneur Carroll Shelby is one of the most famous and successful high performance visionaries in the world, and he has spent the last 50 years establishing and protecting his name, trademarks and car design rights.  He founded Carroll Shelby Licensing Inc., which has the exclusive right to license the Shelby trademarks and vehicle design rights for some of the most famous muscle cars and high-performance vehicles.  CSL also holds trademark rights for Shelby-branded apparel, accessories and collectibles. For more information about the company or licensing opportunities, call (310) 914-1843, or fax (310) 538-8189 or write to Carroll Shelby Licensing, Inc., 19021 S Figueroa St., Gardena, CA, 90248, or visit www.carrollshelby.com, www.shelbylicensing.com or www.carrollshelbyinternational.com.

About The Carroll Shelby Foundation
The Carroll Shelby Foundation was created by legendary racer and automotive manufacturer Carroll Shelby.  Headquartered in Gardena, Calif., the Foundation is dedicated to providing medical assistance for those in need, including children, educational opportunities for young people through automotive and other training programs and benefitting the Shelby Automotive Foundation.  For more information visit CarrollShelbyFoundation.org.    

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
This release may contain forward-looking statements involving risks and uncertainties that may cause actual future events or results to differ materially and adversely from those described in the forward-looking statements. CSI disclaims any obligation to revise or update any forward- looking statement that may be made from time to time by or on its behalf.

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FORD COBRA SHELBY REUNION

April 19-21, 2012
Wally Parks NHRA Motorsports Museum
Fairplex Pomona, Calif.
Go to Museum.NHRA.com for more information

A portion of the proceeds for the event benefit the Carroll Shelby Foundation

GARDENA, Calif. – Jan. 19, 2012 – The Carroll Shelby Foundation is offering fans a once-in-a-lifetime opportunity to win a 50th anniversary Shelby Cobra. Throughout 2012, which marks the golden anniversary of the Shelby Cobra and Shelby American, people can enter a raffle for the chance to put this rare vehicle in their own garage. The 50th Shelby Cobra up for raffle will make its first appearance at Barrett-Jackson Collector Car Auction™ in Scottsdale from Jan. 17-22, 2012.

 “50 years have passed since the Cobra was built, a milestone that deserves recognition and celebration,” said Jenni Shreeves, executive director of the Carroll Shelby Foundation. “After last year’s announcement at Barrett-Jackson of the 50th anniversary Shelby Cobra, the vehicle sold out within hours. Since no more will be built, this raffle is the final opportunity to walk away with a true piece of automotive history and one of the most iconic sports cars ever built.”  

Proceeds from the raffle will benefit the Carroll Shelby Foundation, which was established by automotive icon Carroll Shelby to provide financial support for children battling life-threatening illnesses and to promote continuing education.

To celebrate five decades of high performance, only 50 of these limited edition continuation Cobras will be built. Painted “Shelby black” and filled with a premium wine colored leather interior, the anniversary car vehicle will sport special badges and wire wheels. This car will be powered by a small block Ford and connected to a five-speed transmission.

Touring the country this year, the limited-edition Shelby Cobra raffle car is tentatively scheduled to appear at Barrett-Jackson in Scottsdale, the Boca Raton Concours d’Elegance, the Dana Point Concours d’Elegance and Barrett-Jackson in Orange County.

For a ticket price of $25, or $100 for five tickets, participants can place their name in the drawing.  The winner will be announced in January 2013.  All proceeds from ticket sales will be donated to the Carroll Shelby Foundation.  For more information, please visit www.winashelby.org.

About The Carroll Shelby Foundation
The Carroll Shelby Foundation was created by legendary racer and automotive manufacturer Carroll Shelby.  Headquartered in Gardena, Calif., the Foundation is dedicated to providing financial support for children and medical professionals to help overcome life-threatening health issues worldwide and promoting continuing education.  For more information visit CarrollShelbyFoundation.org.    

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March 14-17th

The Carroll Shelby Foundation sponsored it’s annual “Shelby’s Sleigh” toy drive this year offering to help out local car clubs with their quest to brighten a child’s day with a toy for the Holidays.

“The holidays should be a time of joy for every child, but for some it can be a tough time both emotionally and financially for families when they have a child in the hospital,” said Jenni Shreeves, executive director of the Carroll Shelby Foundation.  “We wanted to ease some of that burden.  That’s why we’re teaming up with car clubs across the country to collect as many toys and gifts as possible for the kids. 

 Established by automotive icon and racing legend, Carroll Shelby, the Carroll Shelby Foundation will kick-off its 2^nd Holiday Toy Drive today.  The Foundation, a 501(c)(3) non-profit public benefit organization, will encourage national and local car clubs to collect toys for deserving children’s hospitals and charities across the country.  The goal is to spread joy by helping clubs collect as many toys as possible to give to children in need during the holiday season.

“The holidays should be a time of joy for every child, but for some it can be a tough time both emotionally and financially for families when they have a child in the hospital,” said Jenni Shreeves, executive director of the Carroll Shelby Foundation.  “We wanted to ease some of that burden.  That’s why we’re teaming up with car clubs across the country to collect as many toys and gifts as possible for the kids.”

 Each car club will collect toys and deliver them to the local charity or hospital of their choice.  The car club will set up the toy drive, collection and delivery times with its chosen organization.  The Carroll Shelby Foundation will sponsor these clubs by providing an autographed Shelby Collectible diecast as an incentive to encourage participation.  In addition, each vehicle that is part of the “special delivery” will receive an official Shelby decal for their car.  The first 300 members to sign up for the holiday toy drive will also receive a Shelby poster. 

 “We had such a positive response from car clubs across the country last year that we couldn’t pass on the opportunity to plan another toy drive,” added Shreeves.  “By playing ‘Santa Shelby’ this campaign will help spread joy to children everywhere.”

Car clubs can participate by logging on to the Carroll Shelby Foundation website or Shelby Nation, completing a registration form and returning by email (jenni@cscf.org) or fax at (310) 538-0419.  The last day to register is Fri., Dec. 2.  

“What better way to celebrate the season of giving than by bringing a smile to a child’s face,” added Shreeves.  “For many of these kids, it may help jump start their road to recovery.”