Shelby SuperCars to Raise $5,000,000 via Private Placement

Shelby SuperCars, all American Automaker and Guinness World Record Holder, to raise $5 million to fund manufacturing, future model development and green technologies.

Shelby SuperCars, Inc. (SSC) announced that after remaining a privately-held company since its inception in 1999, the Company has officially launched an invitation-based, private offering through its Confidential Private Placement Memorandum.

SSC’s investment banking group heading the initiative, Sheffield International Finance Corporation, will undertake a range of activities in collaboration with SSC, including the implementation and oversight of the Company’s first acceptance of outside capital.  Sheffield International’s CEO, Philippe Harari remarked, “We are honored to work alongside this American Pioneer at the pinnacle of its industry.  SSC embodies American engineering and integrity at its best.  The SSC Story is a proud example of what America can accomplish with determination and private capital.”

This offering represents the Company’s first acceptance of outside capital since its inception. To date, SSC has achieved its world-class status with internal funding only. The Company will take in $5,000,000 in first-round financing via the placement of its Series A Convertible Preferred Stock providing a 12% cumulative annual dividend to investors. The Company expects to entertain several exit strategies including a merger, acquisition, or IPO in the future. Interested parties capable of placing a minimum investment of $250,000 may contact Sheffield International Finance Corporation for a complete Investor Kit but the offering is said to be invitation based restricted to select invitees. 

The Company’s use of proceeds will be used to finance the construction of manufacturing facilities, ramp up full-scale manufacturing, fund the development of the Ultimate Aero EV and to continue the research and development required to keep SSC exciting in the marketplace.  With the proposed manufacturing facility and the expected showrooms established worldwide, the Company expects its projected sales in its confidential private placement to be very realistic.

While auto enthusiasts and high profile financiers are reeling over the company’s recent announcement of a 100% electric supercar, Shelby SuperCars remains on track to deliver 4 clean supercars by end of year 2009.   With the SSC brand securely engrained into the international automotive industry, SSC will follow its ever popular Ultimate Aero and Ultimate Aero EV with a lower priced, higher volume 4-door luxury, super-sedan, the “Luxor.”  The super luxury sedan is said to include reclining, heated and air conditioned rear seats, full time wireless internet and will maintain SSC’s famous performance being the first luxury sedan to be capable of speeds greater than 220 mph. Beyond GPS, Bluetooth, an infotainment center the luxury automobile will contain a fully capable personal computing system, accompanied by a 24 hour concierge service catering to the owner’s every need.

Media attention has been extraordinary.  With reviews and write ups from almost every auto magazine and enthusiast worldwide, the frenzy around SSC has been unprecedented.  Auto enthusiast Jay Leno said after his test drive, “As an American, I’m proud of this car.  We’ve taken the title (of The World’s Fastest Car) away from the Europeans.  We’ve won the World Series.  This is very, very impressive.”

Unlike Tesla Motors who raised over $100 million in funding and produces what many believe is a flawed electric sports car, SSC has to date accepted no outside funding achieving its world record title with internal capital only.  As Tesla seeks additional funding in the hundreds of millions of dollars, Shelby SuperCars will accept only $5 million to give up as little equity of the Company. As its first-round of financing, SSC Inc. is offering a limited slice of its private company to a select list of investors who share the vision of the manufacturers’ founder, Jerod Shelby.