Carnegie Cooke Announces John D. Samuel as Chief Operating Officer
Source: Carnegie Cooke
Las Vegas , Nevada May 2, 2007 (BUSINESS WIRE)
Carnegie Cooke & Company, Inc. (PINK SHEETS: CGKY - News) is pleased to announce the following: the release of our 1st quarter shareholder communication and our appointment of John D. Samuel as Carnegie Cooke’s new Chief Operating Officer. John’s dossier is available on our website at http://www.carnegiecooke.com/bios/john.html . The shareholder communication is available at http://www.carnegiecooke.com/investorrelations/.
“John’s ability to affect change has proven paramount in our efforts to make tangible progress throughout all of our operations. He has established corporate principles of accountability, efficiency, execution and transparency. John has redefined the organizational structure of our Brazilian subsidiary, implemented new internal controls that will include building new banking relationships. His strategic initiatives and financial discipline will permanently correct and eliminate inefficiencies in our cash management and banking methods.” , stated Mark Goldberg, CEO.
As of May 1, 2007 John Samuel through extensive due diligence, with assistance from corporate counsel, identified and selected Thomas Monahan to function as the Lead accountant of Carnegie Cooke. A retired CPA with over 20 years of experience as an accountant with significant SEC, Brazilian regulatory and pari-mutuel experience, Tom has joined our team with a singular purpose: to prepare Carnegie Cooke for filing a 10KSB this year. Tom has specialized experience with U.S. companies doing business in Brazil and will drastically improve our ability to execute. Tom’s bio is available on the Management page of our corporate site, http://www.carnegiecooke.com/bios/tom.html.
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 www.carnegiecooke.com.
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.
In order to receive future shareholder communications via email please send an email to investorrelations@carnegiecooke.com.
Contact: Carnegie Cooke & Company, Inc.
John D. Samuel, COO
718-326-2525
investorrelations@carnegiecooke.com
www.carnegiecooke.com
Source: Carnegie Cooke & Company, Inc.
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