CGKY Acquires Three More Domestic OTBS With $1.8 Million in Total Annual Revenues.LAS VEGAS Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. -- Carnegie Cooke & Company. Inc. (Pink Sheets:CGKY) announces its Compos com·pos adj. Compos mentis; sane: "The well-being of the country, even the survival of the world, depends on the president's being compos" Morton Kondracke. domestic Off Track Betting site owned by CGKY, in addition to the three newly acquired existing sites Macae and Campos 2 and the Jockey Club do Campos had a combined $1.8 million in domestic revenue in the past twelve months for the three facilities. CGKY will be adding several more domestic and international OTB's upon completion of final negotiations. Slot machines will be added to these sites and should significantly increase current revenues. All three domestic OTB's will also have the simulcast betting signal for American horse American Horse (1840-December 16, 1908) was a chieftain of the Oglala Sioux during the Sioux Wars of the 1870s. He was also the nephew of the elder American Horse and son-in-law of Red Cloud. racing in four weeks. Pursuant to contracts with the former owners, Carnegie Cooke retains between 70 and 80 percent of net revenues. Max Rosado, COO of Carnegie Cooke stated "The additional revenue generation from slot machines and the international simulcast betting signal, when added to the current projections from the four domestic OTB's, will dramatically increase total annual revenue." "Expansion of new revenue generating sources is also in final negotiations "stated Mark Goldberg Mark Goldberg is the current manager of Bromley, an English association football club currently playing in the Isthmian League Premier Division. Goldberg originally made his fortune in the recruitment industry, becoming a millionaire. CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Carnegie Cooke. Carnegie Cooke is a media and distribution company in the Brazilian turf industry. The Brazilian Department of Agriculture reports that in 2003 turf/gaming industry revenues were in excess of US$400 million, in local racing events, using un-mechanized facilities. Carnegie Cooke's Brazilian subsidiary has been granted the right by the Brazilian Association of Jockey Clubs and the endorsement of the Brazilian Government to mechanize mech·a·nize tr.v. mech·a·nized, mech·a·niz·ing, mech·a·niz·es 1. To equip with machinery: mechanize a factory. 2. Jockey Club facilities and to implement international simulcast racing throughout Brazil. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. 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 United States, European, Brazilian and South American gaming industry, and the successful technical and economic implementation of its operations. Information about Carnegie Cooke may be found online at http://www.carnegiecooke.com. |
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