10252007

Carnegie Cooke Announces Ricahrd C. Cummings to Join as Business Development Strategist

Las Vegas, NV, October 25, 2007 (BUSINESS WIRE)

Carnegie Cooke & Company, Inc. (PINK SHEETS: CGKY - News) Carnegie Cooke & Co. Inc, is proud to announce that Richard C. Cummings has accepted the position as Business Development Strategist. Richard will be responsible strategic development, collaborating with Davenel Denis, Business Development Executive. He will incorporate his experience with pari-mutuel wagering systems and technology to develop an internet wagering and advance deposit wagering system as an extension of our operations in Brazil.

Richard C. Cummings has been involved in the pari-mutuel racing and wagering industry since 1971 and was co-founder of the Advance Deposit Wagering (ADW) platform icanbet.com. From 1999 to the present, Mr. Cummings has served as President of The Cummings Group, a consulting firm to the gaming and pari-mutuel industries. From 1994 to 1999, Mr. Cummings served as President & Chief Operating Officer of Multnomah Greyhound Park in Portland, Oregon. He served from 1991 to 1994 as Executive Vice President & Chief Operating Officer of Churchill Downs, in Louisville, Kentucky where he introduced whole card simulcasting (sending and receiving entire race cards for wagering purposes to and from other racetracks).

From 1990 to 1991, Mr. Cummings was Executive Vice President and General Manager of Hipodromo El Comandante, a thoroughbred racetrack located in suburban San Juan, Puerto Rico; and from 1986 to 1990, was President of Turfway Park, in Florence, Kentucky where, in 1988, Mr. Cummings introduced Inter Track Wagering. He has held other senior executive positions at The Meadowlands, East Rutherford, New Jersey; Garden State Park, Cherry Hill, New Jersey; and Philadelphia Park, Bensalem, Pennsylvania.

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

Close Window