Carnegie Cooke to offer Pari-Mutuel Simulcast of the Breeders' Cup World Championship in Brazil

Las Vegas, NV, October 10, 2007 (BUSINESS WIRE)

Carnegie Cooke & Company, Inc. (PINK SHEETS: CGKY) Carnegie Cooke & Co. Inc, is proud to announce that it will offer for the first time in Brazil, pari-mutuel wagering for the simulcast of the Breeders Cup World Championship to be held on Friday, October 26th and Saturday, October 27th at Monmouth Park.

The Breeders' Cup World Championships is an annual series of Grade I thoroughbred horse races operated by Breeders' Cup Limited, a company formed in 1982 by a consortium of North American racing organizations, led by the Association. The location changes each year. The event was created as a year-end championship for North American thoroughbred racing attracting top horses worldwide.

Through its broadcast arrangement with CBT, LLC, Carnegie Cooke will offer at its facilities in Campos, Macae and Niteroi the Breeders Cup World Championship. All wagers are commingled into the U.S. pari-mutuel wagering pools, via AmTote International's Hunt Valley, Maryland hub, allowing our patrons to participate in all available wager types including the Ultra Pick 6. This year's Breeders Cup Championship race with over $23M (23 million dollars USD) in purses will feature a two-day race format.

Flavio Jardim, Director of Communications opined, "Carnegie Cooke will offer real-track odds and no limits on payouts on the over 20 million dollars in allocated purses. Our patrons will not have limits on traditional wager types like exactas, daily doubles, win, place, or show nor the exotic wager types like the trifecta, and the new the 10-cent superfecta."

Carnegie Cooke's broadcast of the Breeders Cup Championship is a welcome addition to our regular race card of over thirty tracks, which include the popular tracks of Keeneland, Monmouth Park, The Meadowlands, Philadelphia Park, Louisiana Downs, Penn National and Australia Racing.

Please visit www.breederscup.com for additional information on the Breeders Cup World Championship.

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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