Carnegie Cooke & Company Inc. Secures Additional Funding for Operation and Expansion of off Track Betting Sites In Brazil.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. (CGKY.PK) announced that it has received additional funding to further the expansion of its Off Track Betting sites in Brazil." This investment has been allocated for inauguration of service on existing domestic OTB OTB abbr. off-track betting OTB n abbr (US) (= off-track betting) → apuestas hechas fuera del hipódromo OTB n abbr (US) (= off-track betting sites and expansion to our growing list of locations. Max Rosado, Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , stated: "The OTB in 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. where we own both the domestic and international horse racing signal is our business model in our expansion throughout Brazil. This Investment allows for an expedited ramp up Ramp Up To increase a company's operations in anticipation of increased demand. Notes: A company might 'ramp up' operations if they just signed a contract creating substantially more demand for their product. See also: Demand, Economies of Scale in our turn-key business model. Mark Goldberg, our President, will be in Brazil next week to review the progress we are making in existing as well as potential sites and to oversee operations." 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 www.carnegiecooke.com. |
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