SOURCE: Carbon Race Corporation

February 05, 2007 18:46 ET

Carbon Race Subsidiary a Certified Supplier for After Market Body Parts for Ferrari F40

CHICAGO, IL -- (MARKET WIRE) -- February 5, 2007 -- Carbon Race Corporation (PINKSHEETS: CBRJ), a company focused on innovative products based on advanced composite materials using proprietary "Carbon Fiber" technology, announced that its wholly owned manufacturing subsidiary Carbon Race Italia, SpA is providing the complete bodywork components for the Ferrari F40 models. The Ferrari F40 was the first example in the world of intensive use of Advanced Composite Materials to manufacture the entire body of a Super car such as front bonnet, back bonnet, doors, roof and sides.

"We are absolutely excited about this opportunity. It will open up a huge worldwide market for CBRJ's proprietary 'Carbon Fiber' based advanced composite products for other car manufacturers which we intend to pursue," commented Lynnette Knafelc, CEO of Carbon Race Corporation (CBRJ). Carbon Race is well situated to design, engineer and manufacture highly advanced sophisticated products for Aviation, Racing, Sports and Building materials and various other markets. CBRJ will announce product developments for these markets in the near future as they become available.

About Carbon Race Corporation

Carbon Race Corporation is a design, engineering and manufacturing company focused on advanced composite material products, using company's proprietary "Carbon Fiber" technology. The Company has a state of the art R&D, design and engineering facility in Paruzzaro, Italy to provide light weight and cost effective solutions to aviation, automotive, sporting and racing markets. For more information, visit www.carbonrace.us

Forward-Looking Statement

This press release contains forward-looking statements involving risks and uncertainties including statements regarding the Company's future performance. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors which include, but are not limited to, our ability to leverage our technology, manage our growth, protect our intellectual property rights, attract new customers and general economic conditions affecting consumer spending, including uncertainties relating to global political conditions. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.

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