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Carroll Shelby Earns Auto Executive of the Year Lifetime Achievement Award

Thu Apr 10, 2008 11:05am EDT
LAS VEGAS--(Business Wire)--
Shelby Automobiles, Inc. a wholly owned subsidiary of Carroll
Shelby International, Inc., (Pink Sheets:CSBI) has announced that
automotive icon Carroll Shelby will receive the 2008 Automotive
Executive of the Year Lifetime Achievement Award, which will be
presented to him during an invitation-only luncheon at the Detroit
Athletic Club on April 16. This is the first time in a decade that the
Automotive Executive of the Year's annual honoree will be recognized
for lifetime achievement.

   "Everyone at Shelby Automobiles is proud of Carroll's
distinguished career," said Amy Boylan, president of Shelby
Automobiles. "Carroll Shelby earned his stripes behind the wheel as a
world class driver and at the helm of a highly successful auto
manufacturing company. It's a privilege to work for a living legend
who is still one of the most important driving forces in the
automotive industry today."

   The Automotive Executive of the Year Lifetime Achievement Award
has recognized excellence in automotive leadership from OEM executives
since 1964. Past winners include Jim Press, Bill Ford, Jr., Dieter
Zetsche, Rick Wagoner, Henry Ford II, Robert Eaton, Thomas Stallkamp,
Roger Smith, Harold E. Poling and Lee Iacocca. The award is presented
by DNV Certification and sponsored by the Automotive Industry Action
Group. The award nominating committee is composed of auto industry
media, various industry analysts and automotive supplier CEOs.

   "As Mr. Shelby celebrates his 85th birthday, it's the perfect time
to honor him with this Lifetime Achievement Award," said Robert
Djurovic, DNV Certification's director of auto services-North America
and chairman of the nominating committee. "His ongoing energy and
commitment amazes us all. As he has done throughout his career, he
continues to push the envelope--as well as everyone in the
industry--to new levels of performance."

   Shelby's inspiration and vision have made him the force behind
many of the industry's most beloved automobiles, including the Cobra,
Series 1, Ford GT40, Viper, Ford Shelby Mustangs and the Ford GT. He
captured three national sports car championships and earned a spot on
the Aston-Martin racing team. In his driving career, he has won the 24
Hours of Le Mans and set land speed records on the salt flats at
Bonneville. He is the only man to ever win Le Mans as a driver, team
owner and manufacturer.

   In addition to being named Sports Illustrated's Driver of the Year
in 1956 and 1957, his countless achievements in motor sports led to
his induction into the Automobile Hall of Fame and the International
MotorSports Hall of Fame. In 2006, Motor Trend named Carroll Shelby
one of the 50 most important people in the auto industry in its first
annual "power list".

   About Shelby Automobiles, Inc. and Carroll Shelby Licensing

   Founded by legend Carroll Shelby, Shelby Automobiles, Inc.,
(www.shelbyautos.com) manufactures and markets performance vehicles
and related products. Shelby Automobiles is a division of Carroll
Shelby International, Inc. (CSBI.PK). Carroll Shelby Licensing Inc.,
also a wholly owned division, is the exclusive holder of Carroll
Shelby's trademarks and vehicle design rights. It also holds trademark
rights for Shelby-branded apparel, accessories and collectibles. For
information, visit www.carrollshelby.com.

TimePiece Public Relations
Scott Black, 214-520-3430
sblack@timepiecepr.com

Copyright Business Wire 2008



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