Classic Mustangs List Archive

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Mail From: ckelly (ckelly)

This is a little old and maybe I missed list discussions. It took a while to
find out anything about Ginseng Forest. Maybe now they have real jobs.
Here's what I came up with:

Business Summary
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CURRENT BUSINESS INFORMATION: Ginseng Forest Inc initially planed to produce
and distribute the roots and seeds of the ginseng herb.


I see how those skills can be directly applied to the marketing of high
performance vehicles.

And the announcement:

biz.yahoo.com/prnews/030603/latu022_3.html

Ginseng Forest, Inc. Enters Definitive Agreement With Carroll Shelby
Tuesday June 3, 4:21 pm ET
Ginseng Forest, Inc. to Become Carroll Shelby International Inc. After The
Acquisition of Carroll Shelby's Licensing and Automobile Companies


LOS ANGELES, June 3 /PRNewswire-FirstCall/ -- Ginseng Forest (OTC Bulletin
Board: GSGF - News) announced today that it has entered into a definitive
agreement to acquire Carroll Shelby Licensing Inc., and Shelby Automobiles
Inc. Ginseng Forest also announced that it will change it's name to Carroll
Shelby International Inc. "We are very fortunate to have such strong global
brands as Carroll Shelby and Cobra as well as all other historic Shelby
brands," says John Luft, President, Carroll Shelby Licensing Inc. "The
combination of these highly respected Shelby brands with the performance car
building expertise of Shelby Automobiles Inc. will result in tremendous
growth for the only authentic Shelby Cobra manufacturer in the United
States." Luft continues, "This merger provides the capital resources needed
to expand the Shelby and Cobra brands through licensing and the acquisition
of automotive and performance companies"