Carnegie Cooke Receives Permanent License from Brazilian Government to Broadcast International Simulcast Signals to Its OTBs In Brazil.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), through its Brazilian subsidiary and the Jockey Club of Campos, has received a license from the Brazilian Ministry of Agriculture and Cattle signed by Marcio Antonio Porto Carrero, Secretary of Agriculture which "...approves the General Betting Plan of the Jockey Club of Campos, proprietor of the Patents Letter #20 given November 9, 1973." Essentially, this license permits the Jockey club of Campos to receive and accept wagers on international simulcast 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 signals. Carnegie Cooke has a contract with the Jockey Club of Campos to be its sole vendor of domestic and international horse racing signals through 2013. The law under which the license was granted was passed only eight months ago. The Brazilian government required extensive information on the Jockey Club of Campos and Carnegie Cooke, including its history and present intention, financial information regarding taxes and employees, horseman associations, wellbeing of horses and similar issues. Orlando Rocha, President of the Jockey Club de Campos, secured the approvals which are issued from Brasilia, the capital of Brazil. Prior to the passage of the new statute, Brazil had no statute relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the receipt of and wagering on international signals. Mark Goldberg Mark Goldberg is the current manager of Bromley, an English association football club currently playing in the Isthmian League Premier Division. Goldberg originally made his fortune in the recruitment industry, becoming a millionaire. , President of Carnegie Cooke, stated: "We are gratified grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. that the Brazilian government has approved our application to provide international horse racing signals to the Jockey Club of Campos. This approval is the gateway to the expansion of our activities in Brazil not only to our OTBs under the auspices of the Jockey Club de Campos, but throughout the country." 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 www.carnegiecooke.com. 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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