Unique Performance Responds to Allegations by Denise Halicki against Carroll Shelby Licensing

DALLAS--Nov. 1, 2004--The frivolous lawsuit filed by Ms. Denise Halicki on Monday, Oct. 2, 20045, 2004, in Los Angeles Federal Court against Carroll Shelby Licensing, Inc. (a wholly owned subsidiary of Carroll Shelby International, Inc., (OTCBB:CSBI)) and Unique Motorcars, the parent company for Unique Performance, is without merit. The unfounded claims of copyright and trademark infringement stem from Ms. Halicki's unauthorized representation of a 1967 Shelby G.T.500 car in the movie "Gone in 60 Seconds" that she co-produced during 2000.

Contrary to the egregious claims made by Ms. Halicki, Carroll Shelby Licensing owns the trademark for "Eleanor(R)" as well as the trademarks for "G.T.500," "G.T.350" and "G.T.500E." The company was granted Reg. trademark #2,837,333 by the United States Patent and Trademark Office for the name "Eleanor." This clearly grants rights to the name for Class 12 products, which include automobiles, engines for automobiles and structural parts for automobiles. Shelby also owns the trademark for "Eleanor" toys, namely die-cast metal model cars.

The "Eleanor" vehicle is currently marketed and sold by Shelby licensee Unique Motorcars as the Shelby G.T.500E. Shelby licenses the "Eleanor" and "G.T.500E" trademarks to Unique Motorcars.

With respect to the movie title "Gone in 60 Seconds," Unique Motorcars referenced the movie title in some of its advertising for the Shelby G.T.500E. However, this use was strictly in an historical context that noted that a car "similar to" the Shelby G.T.500 was seen in the movie.

Shelby's right to market and sell the vehicle is clear and such actions do not constitute infringement of any alleged common law trademark rights which Ms. Halicki may have to the "Eleanor" name in connection with the production or sale of the movie "Gone in 60 Seconds."

Shelby will vigorously pursue a counter-suit for trademark infringement and damages and considers Ms. Halicki's lawsuit frivolous and malicious. In the 1974 version of the film by the same name, Ms. Halicki's company used a 1971 Ford Mustang; in the remake co-produced by Ms. Halicki, a 1967 Shelby G.T.500 replaced the 1971 Ford Mustang. This car was referred to in the movie verbally and in writing numerous times as a "Shelby" and "G.T.500," both of which are protected trademarked names owned by Shelby Licensing.

M. Neil Cummings and Associates, PLC, of Los Angeles represents Carroll Shelby Licensing.

About Unique Performance

Unique Performance was founded to restore and build premium classic cars including the Shelby continuation cars for an exclusive clientele. Adept in all aspects of fabrication, restoration, racing preparation and development, the company's team has created trucks and automobiles for customers worldwide that have capture awards at prestigious auto shows and races. The Unique Performance team of craftsmen fulfills the dreams of discerning collectors and enthusiasts at a North Texas state-of-the-art facility. Additional information about Unique Performance, products and services is available at www.uniqueperformance.com.