Carnegie Cooke
to Open Fourth Agency in Brazil
Las Vegas, NV, September 6, 2007 (BUSINESS WIRE)
Carnegie Cooke & Company, Inc. (PINK SHEETS: CGKY)
Carnegie Cooke announces it has signed a contract to open another agency in Brazil. This new facility will be located in the city of Macae. Macae, located in the interior of the state of Rio de Janeiro has a demanding public with strong spending power and disposable income greater than the national average, specifically due to a number of petroleum industry companies operating in the area. The new agency will be located in Macae Palace, a luxury condominium facility greatly accepted by the region's residents, according to information obtained from market research performed exclusively for Carnegie Cooke. The 1,000 square foot wagering and entertainment facility will accommodate up to 70 guests and will feature a full service bar, lounge, and pool table. The research studies have identified in this region, a lack of entertainment and leisure options that fulfill the residents' interests, which makes it a great opportunity for the development of a wagering and entertainment facility. Today, Carnegie Cooke has two operational agencies in Brazil: the first, in the city of Campos dos Goytacazes, which celebrated its first year anniversary on August 28th, 2007 and the second, also in Macae, in partnership with the Jockey Club of Campos.
About Carnegie Cooke & Company, Inc.
Carnegie Cooke is a media and distribution company within the Brazilian turf industry. Carnegie Cooke's Brazilian subsidiary is granted the right by the Brazilian Association of Jockey Clubs and by endorsement of the Brazilian Department of Agriculture to distribute 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.
Contact:
Carnegie Cooke & Company, Inc.
John D. Samuel, COO
718-326-2525
jdsamuel@carnegiecooke.com
www.carnegiecooke.com
Source: Carnegie Cooke & Company, Inc.
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