Carnegie Cooke Initializes International Horse Racing Simulcast Signal in Brazil.

CAMPOS, Brazil -- Carnegie Cooke & Company, Inc. (Pink Sheets: CGKY), is now accepting wagers on multiple international simulcast racetracks at its Campos Off Track Betting Agency in Brazil. The transmitted signal and wagering is in association with CBT, LLC, (CBT), an Erlanger, Kentucky-based provider of international horseracing signals from the United States.

CGKY started accepting wagers this past weekend on live North American racing using CBT's International Wagering Terminal (IWT). All wagers placed at the Campos site are commingled directly into the U.S. host tracks' pools via the AmTote hub in Hunt Valley, Maryland. International racing is now available to Brazilian patrons seven days a week, up to 16 hours daily.

The Campos OTB, an existing location taking wagers on Brazilian racing, provides a variety of North American horseracing signals. These signals are from such noted tracks as Oaklawn Park, Turfway Park, Laurel Park and the Meadowlands, to name just a few. All wagering types, including pick bets, exactas, trifectas, superfectas and doubles, available at the host tracks will be offered to patrons at all CGKY locations. Winning wagers are paid at U.S. track payoffs.

"This is the beginning of a new day in horseracing in Brazil. Now Brazilian horseracing fans have the opportunity to experience the excitement of international racing." stated Juan Laguer, Carnegie Cooke's Director of Technology, "The enthusiastic responses we are receiving from our many patrons verify the success we had projected."

CGKY plans to expand the distribution of the international signal in Brazil. Additional locations are being prepared in other regions and are scheduled to open in the near future. "We anticipate opening multiple locations each month in various districts and states here in Brazil." Mark. Goldberg, President/CEO, announced. "Our business plan projects up to twenty additional locations during this calendar year."

"CBT is proud to be a partner of Carnegie-Cooke in this venture" stated Cary Charlson, President/CEO of CBT. "CBT looks forward to continued growth of the Carnegie Cooke network throughout Brazil. This venture benefits racing fans in Brazil as well as the racing industry here in the United States."

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 2005 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,

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