Shelby and SAAC at Odds

I just checked out the SAAC Forum and read the Letter from Neil Cummings. It is straight Forward and binding. SAAC's Top Brass signed an agreement agreeing to the Terms of the Contract. If your signature is not worth the paper it is writen on, then we have way to many attorney's on this Planet. The Licensing Agreement was set to end on January 1, 2008. It is Shelby's right to NOT renew it when it ends. There should be a 6 Month sell off period in the Contract, that should last until the end of June, if that is true to there Contract, then SAAC can purchase the remainder of thier Merchandise to sell at a later date. As I have said before, SAAC will NOT die with out the Licensing Agreement.
David.

 

Just curious...I read the letter posted and wonder why Shelby is asking for all information collected by SAAC after 1996 (effectively the date of the last Registry). I have sent items to SAAC for the benefit of the organization and its members.

Why is Mr Shelby requesting these items? Is that part of the agreement signed by SAAC?

Maybe that question can't be answered, but it would be helpful to me in understanding this situation.

-Pete

 

I just have one thing to say after the events that transpired on Nov.25th between Shelby, his Lawyers, and SAAC.


I TOLD YOU SO !!!!

 

I have tried to get information from a few of the board members as I wanted to know whats going on like the rest of you. But in their defense it really wouldn't do much good to give out a lot of possibly misinformation that might change over the course of the litigation. Even though I would like to know....like all the rest I'll have to wait and see the outcome.

Like was mentioned above I doubt if all the records do end up being returned to Carroll that it will be free to get information from the new club. My feeling is that SAAC did a lot over the years to keep the interest in Carroll at the level it is today....and he has prospered by it. Sometimes I feel he is a little too focused on the "prospering" end of it.

 

He may be focused on the "prospering" end of things, but at this stage of the game I believe it's to ensure the endowment of the Childrens Heart Fund. Some people may look at it as greed, but I think it's his attempt to continue his legacy of charity into the future. He has helped alot of children over the years, and I think he wants to continue to do so. Given his work for charity I'm happy to pay for autographs etc.

 

I don't really want to get into the Shelby Heart fund, but check the tax records for that organization. Seems the old man is keeping most of the money .Makes you wonder doesn't it? For what?.............a rainy day??

 

Man...... do your home work........ He is banking as much as possible so the Foundation can keep going off the Interest long after he is gone. To be able to do that the Money has to build up. He is still helping Children.
David.

 

Hi all,
My perception of the Shelby people has hit an all time low. I guess Shelby is also trying to trademark SAAC's name!!!!! Look at what was just posted on SAACforums:
________________________________________________________________
I noticed yesterday that Shelby has filed to register "SAAC" as a trademark for booklets in the field of Shelby automobiles, directories of Shelby automobiles and such (IC 016) and a bunch of other misc such as model cars, mugs, all in all covering most classes of marks. This filing was made November 16, 2007 which is interestingly one day before Shelby's attorney sent the letter to the club. Please note that this is only a filing, and will have to be examined by the Office and then published for opposition before it can be registered.

Cole, not an attorney, but a browser of the Trademark Office listings.

 

The above emplied date for that letter was incorrect. The date of the letter was actually November 14, 2007, two days before Shelby applied for SAAC 's trademark.
Dave

 

I thought you had to be kidding, but here is the link from the US Trademark Office:

Go to this URL http://tess2.uspto.gov/bin/gate.exe?f=searchss&state=tpk0ir.1.1

Type in SAAC. and SUBMIT QUERY. The filing is number 77331815.


Books, beer mugs and car dealerships and toy cars. Nothing about deodorant or chili, so maybe he's out of those businesses.

 

Amy,
You can not shrug off the total responsibility of what
is going on. You have a lot of clout in Shelby's
organization and all aspects that effect your
business.
I do not agree with your final statement. The first
letter of September 21, 2007 was answered in early
October after SAAC had an opportunity to hire a
lawyer. It was done in a phone call by SAAC's lawyer
directly to Neil Cummings. Both lawyers know each
other and SAAC's lawyer asked Neil to get
clarification to the contents of the letter and get
back to him. The next occurrence was the receipt of
the second letter.
The reason for the clarifications was that the letter
was only 4 sentences long and said the licensing
agreement would expire on February 1,1999. Besides the
wrong year, what did this mean to SAAC going forward?
What could be done to extend it etc. The letter really
needed clarification and SAAC responded as soon as it
acquired a lawyer. SAAC doesn't have an answering
machine or even a phone to put it on so the only
viable phone number was SAAC's lawyer which Neil has
and did not use. I am being told there were no emails
and when an old friend receives a letter from the
other old friend's lawyer I can understand the
confusion and hurt.
I wish you would get involved and get things back on
track. SAAC is the 5,000 members of this organization
many of whom volunteer their time and hold a common
bond of the enthusiasm for the cars built by Shelby
American. A group this large and with this much
passion will continue to make a strong statement.
CSL's blunder will probably end up some day in
Business 101 text books as what NOT to do for
promotion of a brand.
Dave
Attached is the September 21st letter.

 

I have a hunch that something personal has provoked this whole thing.

 

So the solution would appear to be: all of us buy stock and as majority stake holders we can determine the direction of the company

I would have thought the stock would be higher....

Are there other securities or shares in sub- corps we are no seeing?

Mike

 

Shelby American had a nice ring to it. Shelby International sounds as if he's going global. SAAC should change to Shelby International Automobile Club and register SIAC before he does. They could claim its named after all the kids and pets in the club named Shelby...

 

Carroll Shelby International Announces Date for Annual Shareholder Meeting

LOS ANGELES--(Business Wire)--Carroll Shelby International, Inc., (Pink Sheets:CSBI) announced
today that its Annual Shareholder Meeting will be held on Thursday,
December 20, 2007, at 11:00 AM local time at the Shelby Automobiles
Inc., facility in Las Vegas, Nevada. 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, John Luft,
will present company updates on Carroll Shelby International and
Carroll Shelby Licensing. Amy Boylan, President Shelby Automobiles
Inc., will provide updated information on Shelby Automobiles.

About Shelby Automobiles, Inc.

Shelby Automobiles manufactures high performance Shelby vehicles
under the guidance of the legendary Carroll Shelby. The company 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 www.shelbyautos.com.

Shelby Automobiles is a division of Carroll Shelby International,
Inc., 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, 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 www.carrollshelby.com, www.shelbylicensing.com or
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.

TimePiece Public Relations
Scott Black, 214-520-3430
sblack@timepiecepr.com

Copyright Business Wire 2007

 

A couple of interesting things elsewhere

Mid-America Ford Performance and Shelby Meet to Become Official Team ...

http://www.reuters.com/article/pressRelease/idUS44748+28-Nov-2007+BW20071128


http://saacforum.com/index.php?topic=60.0



I'm not a share holder but wonder if other SAAC members that are, will be attending the new shareholders meeting on the 20th.

 

Click on the SAACForums Link in the post above this one........ I like how St.Irdapot says "I pulled this off an email between NorCal SAAC members. It's not important who it came from or was sent to." LOL.... I think it DOES matter who sent it and to who it was sent to.......otherwise it is just a Rumor as far as I am concerned.
David.

 

Yes I felt the same way. Comments about Mattel should be easy enough to confirm and I'm sure the SCCA reps and/or the individual club officials could confirm the discussion it any. I'm pretty sure if this is happening someone has dropped a "dime" to SAAC

I'm sure if it's bull one someone involved/implied will surely respond quickly to say so. If not maybe they have a reason