Carnegie Cooke Announces the Release of Its Year-End Letter to Shareholders
Las Vegas, NV, January 9, 2007 (BUSINESS WIRE)
Carnegie Cooke & Company, Inc. (PINK SHEETS: CGKY.PK - News), announced today that has as dispatched a letter to all its shareholders detailing recent events.
Among the topics covered in the shareholder letter were:
- Extension of the contract with the Jockey Club do Campos through 2013 with a renewable option.
- Right of first refusal to own and operate a casino at the Jockey Club do Campos if and when gaming in Brazil is legitimized.
- Right of first refusal to acquire the land and operations at the Jockey Club do Campos if and when privatization laws are approved in Brazil.
- Successful prosecution of the legal case with a former partner to recapture prior investments.
- Acquisition of all financial records from Brazil.
- Launch of an international simulcast signal at the Campos location.
- Supply of an enhanced Brazilian domestic signal at its Campos location from the Jockey Club Brasileiero.
- Commencement of construction of a new OTB in Niteroi, a suburb of Rio de Janeiro, Brazil.
The letter is available on Carnegie Cooke's website, www.carnegiecooke.com.
About Carnegie Cooke & Company, Inc.
Carnegie Cooke is a media and distribution company in the Brazilian turf industry. The Brazilian Department of Agriculture reports that in 2005 turf/gaming industry revenues were in excess of US$400 million, in local racing events, using un-mechanized facilities. Carnegie Cooke's Brazilian subsidiary has been granted the right by the Brazilian Association of Jockey Clubs and the endorsement of the Brazilian Government to mechanize Jockey Club facilities, and to implement international simulcast racing throughout Brazil. For more information, please visit Carnegie Cooke's website.
Safe Harbor Statement:
Except for historical information, the matters set forth herein, which are forward-looking statements, involve certain risks and uncertainties that could cause actual results to differ. Potential risks and uncertainties include, but are not limited to, perceived or actual benefits from Carnegie Cooke's planned operations, the market acceptance and level of sales derived from its operations, the competitive environment within the Brazilian turf industry, and the successful technical and economic implementation of its operations.
Contact:Carnegie Cooke & Company, Inc.
Mark Goldberg, President/CEO
718-326-2525
mark@carnegiecooke.com
www.carnegiecooke.com
Source: Carnegie Cooke & Company, Inc.
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