Carnegie Cooke Announces the death of Anita Goldberg, its Vice President and co-founder

Las Vegas , Nevada June 7, 2007 (BUSINESS WIRE)

LAS VEGAS--(BUSINESS WIRE)--Carnegie Cooke & Company, Inc. (PINK SHEETS: CGKY - News) sadly announces the untimely passing of Anita Goldberg, its co-founder and Vice-President. With her late husband Jay Goldberg, Anita was responsible for creating the vision allowing Carnegie Cooke & Co, Inc. to become a dominant player in the Brazilian turf industry and international simulcast. Anita had just returned to Brazil, her country of birth, to inspect Carnegie Cooke's progress in developing its Off Track Betting facility in Niteroi.

Following Mrs. Goldberg's death, Carnegie Cooke has made the following changes to its management structure, effective immediately. Mark Goldberg is Chairman of the Board of Directors, in addition to his role as Chief Executive Officer. John D. Samuel will retain his role as Chief Operating Officer and assume the responsibilities of President. Juan F. Laguer is now Vice-President of Technology.

Juan Laguer stated, "Anita was passionate and maintained an outspoken commitment for the betterment of the company, its shareholders and executives. Anita's presence will be sorely missed."

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.

Mark Goldberg, CEO

718-326-2525

investorrelations@carnegiecooke.com

www.carnegiecooke.com 

Source: Carnegie Cooke & Company, Inc. 

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