Carnegie Cooke Leases Premises in Niteroi, Brazil for Location of Second OTB Agency to Carry International Horse Racing Signal.CAMPOS Campos (käm`p  s), city (1996 pop. 391,299), Rio de Janeiro state, SE Brazil, on the Paraíba River near its mouth. , Brazil -- Carnegie Cooke & Company, Inc. (PK: CGKY),
announced today that it has signed a lease for the largest off track
betting agency in the State of Rio, Brazil. The lease is for two periods
of five years each. The premises contain three floors, the first for the
general public, the second a VIP room, restaurant and bar, and the third
for administration. The premises will have 35 television screens to
carry international horse racing horse racing, trials of speed involving two or more horses. It includes races among harnessed horses with one of two particular gaits, among saddled Thoroughbreds (or, less frequently, quarterhorses) on a flat track, or among saddled horses over a turf course with and can cater to a maximum of 300
people.
For those interested in the progress of the construction please visit our website where we will shortly be uploading photos as construction progresses. The premises are located in Central NiterE[thorn]i at Rua Viscondo do Uruguai, 504. The agency is managed by Jose Paes De Figueiredo. NiterE[thorn]i, a city of half million people, and including its surroundings of 1.3 million people, is located 3.1 miles from Rio de Janeiro Rio de Janeiro, city, Brazil Rio de Janeiro (rē`ō də zhänā`rō, Port. rē` thĭ zhənĕē`r , to which it is linked by the Rio-NiterE[thorn]i Bridge and a
ferry service. Quality of life in NiterE[thorn]i is third among 5,600
Brazilian cities according to according toprep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. UN standards. The NiterE[thorn]i Contemporary Art Museum, the city's landmark, was designed by the famous Brazilian modernist architect, Oscar Niemeye. On a per capita [Latin, By the heads or polls.] A term used in the Descent and Distribution of the estate of one who dies without a will. It means to share and share alike according to the number of individuals. basis, NiterE[thorn]i is the third wealthiest city in Brazil. Carnegie Cooke has funded the project and build-out has started. Construction and testing of the signal are expected to be completed in December, 2006 prior to the holidays. The grand opening is scheduled after the New Year. Carnegie Cooke intends NiterE[thorn]i to become its flagship agency featuring racing from major tracks in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . Wagering on North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. tracks will go into the betting pools of each track; and all types of wages available at the host track will be available in NiterE[thorn]i. Bets placed in NiterE[thorn]i will affect track odds as if they were placed at the host track. Orlando Rocha, President of the Jockey Club do Campos, stated: "We are excited with Carnegie Cooke's expansion in NiterE[thorn]i. The demographics of the area should be a major revenue source for Carnegie Cooke and the Jockey Club do Campos which receives a small royalty from all Carnegie Cooke's turf - related projects". 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 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. For more information, please visit Carnegie Cooke's website. 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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. , 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. |
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