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INTRODUCTION OF $39,995 COBRA
10/2/2003

LAS VEGAS, Oct. 2/PRNewswire-FirstCall/ -- Carroll Shelby International, Inc. (OTC Bulletin Board: CSBI - News), announced today that its subsidiary, Shelby Automobiles, Inc. has inaugurated a new, competitive retail price of $39,995 for its CSX4000 Series model 427 S/C Cobra. The new pricing structure for this model allows the company to bring its CSX4000 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 CSX4000 Series 427 S/C Cobra was introduced at the Monterey Historic Event, and coincides with Shelby Automobiles' announcement that it is expanding its production in its new Las Vegas-based Cobra assembly facility at 6835 Speedway Blvd.

"This expanded production and final assembly program for the CSX4000 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 collectors and enthusiasts an alternative to the kit car imitation Cobras, at the same time competitive pricing levels."

The base Shelby Cobra 427 S/C (CSX4000 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.

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