Carnegie Cooke Improves Contract Lowering Equipment Costs For OTB Expansion in Brazil.

LAS VEGAS -- Carnegie Cooke & Company. Inc. (CGKY.PK) is expanding its agreement with Charlson Broadcast Technologies, LLC, the leading technology provider for the US horseracing industry. Through this improved agreement, CBT will be supplying CGKY with its proprietary software to advance the distribution of international racing in Brazil.

CBT, LLC has long been an innovator in the horseracing industry in the United States. Its various software programs are industry standards. "It is CBT's plan to bring the best of American Horseracing to the wagering public in Brazil." states Cary Charlson, President/CEO of CBT. "Through Carnegie Cooke, the Brazilian public will have the opportunity to watch and wager on American horseracing, betting directly into the host track pools. This is something that is currently unavailable in Brazil." For further information on CBT, LLC please visit www.charlson.com.

"We are very excited to be receiving the services that CBT supplies," states Mark Goldberg, President/CEO of Carnegie-Cooke. "Using the CBT technologies we will be advancing the horseracing market throughout Brazil. Since the CBT distribution system is lowering our cost of the receiving and wagering equipment, the doors have been opened for a stronger presence of an international horse racing simulcast in OTB's throughout Brazil."

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 Jockey Club facilities, and to implement international simulcast racing throughout Brazil. For more information, please visit the Company's website: www.carnegiecooke.com.

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 gaming industry, and the successful technical and economic implementation of its operations.