LOS ANGELES, Nov. 20 /PRNewswire-FirstCall/ -- Carroll Shelby International, Inc. (OTC:CSBI) announced today that its Annual Shareholder Meeting would be held, Thursday, December 21, 2006, at 11:00 AM local time at the Shelby Automobiles Inc. facility in Las Vegas, Nevada. As outlined in the proxy statement, shareholders will have an opportunity to vote on the election of the Board of Directors for the coming year. Upon completion of the formal portion of the meeting, CSI's President, John Luft, will present company updates on Carroll Shelby International and Carroll Shelby Licensing, along with Amy Boylan, President Shelby Automobiles Inc. who will provide updated information on Shelby Automobiles Inc. About Shelby Automobiles, Inc. 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) 942-7325 or visit the company's web site at http://www.shelbyautos.com/. Shelby Automobiles is a division of Carroll Shelby International, Inc. (OTC:CSBI) founded in 2003. 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) 538-8189 or write to Carroll Shelby Licensing, Inc., 19021 S Figueroa St., Gardena, CA, 90248, or visit http://www.carrollshelby.com/, http://www.shelbylicensing.com/ or http://www.carrollshelbyinternational.com/. 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. DATASOURCE: Carroll Shelby International, Inc. CONTACT: Stephanie Rice of JMPR, Inc., +1-818-992-4353, for Carroll Shelby International; or John Luft of Carroll Shelby International, +1-310-914-1843 Web site: http://www.carrollshelbyinternational.com/

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