Carnegie Cooke Acquiring Two Locations in Greater Rio de Janeiro to Become OTB's.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) is in the process of acquiring two new locations in Niteroi, the island city adjoining Rio de Janeiro Rio de Janeiro, city, Brazil Rio de Janeiro (rē`ō də zhänā`rō, Port. rē`  thĭ zhənĕē`r . Niteroi is one of the most affluent suburbs in Brazil. Its population is greater than 500,000 with a daily average of 300,000 commuters. These potential new locations are in addition to the existing domestic revenue generating OTB's currently being expanded in Campos Campos (käm`ps), city (1996 pop. 391,299), Rio de Janeiro state, SE Brazil, on the Paraíba River near its mouth. and Macae. Carnegie Cooke recently signed a three year contract, with an option for three additional years, for exclusivity with the Jockey Club de Campos to operate both domestic and international simulcast signals related to the turf industry throughout the state of Rio de Janeiro. With ownership of the Campos facility, the domestic betting signal allows access to forty existing accredited accredited recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria. accredited herds cattle herds which have achieved a low level of reactors to, e.g. domestic simulcast signal OTB's within the state of Rio de Janeiro. Management is in the process of analyzing these sites for the inclusion into its expanding 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 network. For more company information, please visit our website at www.carnegiecooke.com About Carnegie Cooke & Company, Inc. 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 gaming industry, and the successful technical and economic implementation of its operations. |
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