Big Week Ahead for Carnegie International Corporation With Debut of MAVIS and Appearance on National TV Show.

HUNT VALLEY, Md.--(BUSINESS WIRE)--Sept. 22, 1998--This is a big week for Carnegie International Corporation (OTC: BB CAGI) and its MAVIS(TM) speech recognition-driven automated attendant/voice mail system. MAVIS makes its U.S. trade show debut at the Computer Telephony Demo & Expo '98 in New York City before being featured on national TV on"The New Competitors" this weekend.

Tomorrow through Friday, MAVIS will be seen by telephony leaders in the Carnegie booth, No. 743, at the Computer Telephony Demo & Expo '98 at the Javits Convention Center.

Then, over the weekend, MAVIS will be seen on TV from coast-to-coast on The New Competitors, a corporate-sponsored series independently produced and paid for by Telecast Production Group. It will air on CNBC on Sunday, September 27, at 12:30 p.m. EDT. Carnegie had announced in June that it would be featured on the program, with the air date yet to be set.

"What a week this will be for Carnegie and MAVIS!" said Lowell Farkas, president and CEO of Carnegie. "First MAVIS debuts to the telephony industry in New York and then is showcased on national TV this weekend!"

Carnegie International Corporation (OTC: BB CAGI), based in the Baltimore suburb of Hunt Valley, is a holding company specializing in telephony and telecommunications products, services and distribution. Its MAVIS(TM) (Multi-Language Automated Voice Independent System) is a breakthrough in speech recognition-driven automated attendant/ voice mail systems, using proprietary IVR (interactive voice response) software to recognize/respond to callers. The entirely voice-driven MAVIS interface is available in English and all foreign languages supported through licensed Lernout & Hauspie software, and supports Dialogic CPU telephony cards. Carnegie's primary wholly-owned subsidiaries are: Profit Through Telecommunications (Europe) Ltd. (PTT), a telecommunications software company providing business solutions utilizing proprietary speech recognition, touch tone and bar code responses to send and/or receive information; Talidan, a reseller marketing telephone time and information at discounted rates in South America, Europe, and other emerging markets including Russia, and ACC Telecom of Columbia, Maryland, a leading reseller of equipment and business telephone systems from Comdial(R), SONY(R), Bell South(R) and Sprint(R). For the first half of fiscal 1998 ending June 30, Carnegie reported total income of $8.9 million and after-tax basic earnings per share of $0.075. For fiscal 1997, Carnegie reported total income of $6.9 million and after-tax earnings per share of $0.07.

Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this Press Release (as well as information in oral statements or other written statements made or to be made by Carnegie International Corporation) contain statements that are forward-looking, such as statements relating to the future anticipated direction of the telecommunications industry, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth, and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future, and accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of Carnegie International Corporation. These risks and uncertainties included, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, domestic and global economic conditions, change in Federal or state laws, and market competition factors.

MAVIS is a trademark of Carnegie International Corporation. Other trademarks are properties of their respective owners.