Carnegie Cooke Announces Opening of Louisville, Kentucky Office to Facilitate Expansion of Its Turf Data Feed to Brazil.

LAS VEGAS -- Carnegie Cooke and Company, Inc. (CGKY.PK) announces the opening of a satellite office location in Louisville, Kentucky. Max Rosado, Chief Operating Officer of Carnegie Cooke stated, "The opening of this facility affords us a presence in the center of the global thoroughbred racing and wagering industry, and access to that industry's major components."

Richard C. Cummings, Carnegie Cooke's Director of Pari-Mutuel Operations, and formerly Vice-President of the Churchill Downs racetrack in Louisville, will head the Louisville office. Mr. Cummings stated: "The proximity to the some of the world's finest racing venues and premier racing brands allows Carnegie Cooke the ability to expand its acquisitions of U. S. racing simulcasts for dissemination to Brazil - its primary racing focus. The acquisition of additional locations will accelerate the ability for the Brazilian bettor to use the simulcast for U.S. wagering."

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 Jockey Club facilities and to implement international simulcast racing throughout Brazil.

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 United States, European, Brazilian and South American gaming industry, and the successful technical and economic implementation of its operations.

Biographies of Mr. Cummings and other members of management as well as additional information about Carnegie Cooke may be found at http://www.carnegiecooke.com.