Carnegie Cooke Announces Executive Management Changes

Las Vegas, NV, October 8, 2007 (BUSINESS WIRE)

Carnegie Cooke & Company, Inc. (PINK SHEETS: CGKY) Carnegie Cooke & Co. Inc, is pleased to announce three new members to the executive management team: Michael Brooks, Director of Operations; Davenel Denis, Business Development Executive; and Flavio Jardim, Director of Communications domiciled in Brazil.

John D. Samuel continues to serve as President and Chief Operating Officer responsible for all corporate activities and management of operations. Mark Goldberg remains Chairman and CEO focused exclusively on Investor and Shareholder relations.

Davenel Denis, Business Development Executive, stated, "I believe the strength of the current executive team is its ability to plan effectively in order to exceed expectations on corporate short and long-term goals."

"The addition of these individuals to our executive team with their diverse levels of experience has significantly increased our ability to execute. We are looking at an encouraging fourth quarter, as our team is able to continually effect positive change within Carnegie Cooke and expand our reach and relationships in Brazil. I look forward to sharing more news with our shareholders very soon to show the reality of our newfound success," added John D. Samuel.

Michael Brooks, Director of Operations

R. Michael Brooks accepted the position of Director of Operations with Carnegie Cooke. Mr. Brooks is a diverse business professional with more than 10 years of experience in Sales, Sales Operations, Sales Training, Sales Force Automation, Computer Hardware Services, Sample Accountability & Validations, CRM Software Implementation and Management of Internal and External Vendors. Michael has a proven record of accomplishment of leading cross-functional teams to develop, implement, and maintain business application software systems within budget and on time. He has worked for Sanofi-Aventis Group, Global Crossing Limited, Unisys Corporation and the National Marrow Donor Program. Michael Brooks has a B.S. in Marketing from Canisius College.

Flavio Jardim, Director of Communications

Flavio Jardim has accepted the position of Director of Communications, which includes responsibility for communications planning in both the United States and Brazil, and oversight of all marketing and public relations. An Architect and urbanist, he is a graduate of the Federal University of Rio de Janeiro. Flavio is fluent in English, experienced in graphic creation and design, photography, writing and translation of technical, managerial and legal content, as well as interpretive services, including consecutive English-Portuguese-English translation. He has worked with many international companies including Xerox, SLM & Lopes Filho, the accounting firm Consultoria Economica Ltda, Minolta and El Paso Corporation.

Davenel C. Denis, Business Development Executive

Davenel C. Denis has accepted the responsibility of Business Development Executive. Mr. Denis is responsible for analyzing the operations in New York and Brazil in order to formulate and enhance Carnegie Cooke & Company business plans and strategic objectives. He will also assist in the development of quarterly goals and the long-term strategic plan. Mr. Denis has a diverse background in marketing, sales and strategic planning working for Sanofi-Aventis Group, Bristol-Myers Squibb and Astra Zeneca Pharmaceutical Group. Davenel has a Masters in Business Administration from Cornell University.

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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