12122007

Carnegie Shareholders Approve Name Change to TrackBets International, Inc.

Las Vegas, NV, December 12, 2007 (BUSINESS WIRE)

Carnegie Cooke & Company, Inc. (PINK SHEETS: CGKY) Over 85% of Carnegie Cooke beneficial shareholders voted overwhelmingly to approve the name change to TrackBets International, Inc., with 99% voting in favor of the resolution. The official results and tabulation will be posted on the website (www.carnegiecooke.com) later this week.

Management strongly believes that this change was an integral step to maintaining the momentum of moving the company in a new direction. The positive response to the vote is an indication that we have the support of our shareholder base, as we strengthen and improve the company. We believe that we will have easier access to new sources of funding and anticipate increased trading volume as TrackBets is more readily identifiable with the gaming and turf sector, offering a clearer representation of the nature of our business. Upon receiving, the necessary regulatory approvals we will announce our new ticker symbol.

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

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