Carnegie Cooke Announces Record Wagering Revenues for August and September
Las Vegas, NV, October 16, 2007 (BUSINESS WIRE)
Carnegie Cooke & Company, Inc. (PINK SHEETS: CGKY) Carnegie Cooke today released combined domestic (Brazilian national races) and international gross wagering revenues for its operations in Brazil. The latest wagering revenue numbers are available on our website at http://www.carnegiecooke.com/investorrelations.html
Total monthly combined wagering revenues for September and August were $57,997 and $63,341, respectively. August posted the highest monthly average of international wagering revenues for the year with $33,143, a 19% increase over July 2007 and a 914% increase for the same period year-over-year. Domestic wagering revenues in September peaked for an annual high $30,270, a 170% increase for the same period year-over-year.
On year-to-date basis, combined wagering revenues for 2007 including dailies from October are $410,020. Taking into consideration a full ramp up of two new agencies in the 4th quarter and improved content including the Breeders Cup World Championship in October, management anticipates monthly gross wagering revenues to minimally double on a go-forward monthly basis. Detailed projections for the remainder of the 4th quarter and 1st quarter 2008 pertaining to Niteroi and Macae will be addressed in subsequent releases.
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 Information:
Carnegie Cooke & Company, Inc.
Mark Goldberg, CEO 718-326-2525
investorrelations@carnegiecooke.com
www.carnegiecooke.com
Copyright 2007 BusinessWire
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