Carnegie Cooke Announces Special Meeting of Shareholders for Consideration of Name Change to TrackBets International, Inc.
Las Vegas, NV, October 18, 2007 (BUSINESS WIRE)
Carnegie Cooke & Company, Inc. (PINK SHEETS:CGKY) Carnegie Cooke today announced it intends to change its name to TrackBets International, Inc. upon approval of shareholders at a special meeting to be held in November in New York City.
All stockholders are invited to attend the meeting in person. The time and location of the meeting will be announced in a subsequent release. Proxies will be sent to all shareholders of record so that shareholders who cannot attend the meeting can cast their votes.
Management selected the name after a two-week study was conducted in several Brazilian cities testing several brands for ease of pronunciation and the public's ability to associate the brand with the wagering and turf industry.
"The change of name represents a complete re-launch of our company. We have a new management team and with that, a new approach to our business using a sound formation of tested business principles and experience. As we have gone fairly unrecognized in the turf and pari-mutuel simulcast business, TrackBets International is an easily identifiable brand, which correlates directly to our industry. It also provides a vehicle for future growth in markets outside of Brazil as we forecast new opportunities on a two to three year time-horizon. This is the right decision for our business at the right time and we fully expect strong shareholder support.", commented President and Chief Operating Officer John D. Samuel.
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.
John D. Samuel, COO, 718-326-2525
investorrelations@carnegiecooke.com
www.carnegiecooke.com
Copyright 2007 BusinessWire
Close Window
|