Carnegie International Corp. Gains National MAVIS Distribution via ALLTEL.

BALTIMORE--(BUSINESS WIRE)--Dec. 23, 1998--Carnegie International Corporation (OTC: BB CAGI) said today it has signed a definitive supply agreement with ALLTEL Supply, a business unit of ALLTEL (NYSE:AT) for domestic distribution of its proprietary MAVIS(TM) automated attendant and voice mail/message system.

The agreement enables ALLTEL Supply to distribute MAVIS to its affiliates and non-affiliates in the U.S., adding more than 500 Comdial (NASDAQ: CMDL) dealers to Carnegie's U.S. sales channel.

ALLTEL (www.alltel.com) is a customer focused company that provides wireline and wireless communications services and information services, and is also a leading distributor of communications and data networking equipment for data network service providers and end users. ALLTEL is a major distributor of Lucent (NYSE: LU), Panasonic and Comdial telecommunications equipment.

Carnegie International (www.carnegieint.com) is a holding company specializing in Internet, telephony and telecommunications products, services and distribution. Introduced this summer, MAVIS (for Multi-Language Automated Voice Independent System) is the premier voice-activated auto attendant and voice mail/message system that communicates intelligently with callers via advanced, proprietary voice recognition software. The MAVIS interface is available in English and all foreign languages supported through licensed Lernout & Hauspie (NASDAQ: LHSPF) software and Dialogic (NASDAQ: DLGC) CPU telephony cards.

Enhanced Business Telephone Use with MAVIS

"This definitive agreement with ALLTEL can dramatically alter and enhance business telephone use in the U.S. through MAVIS' voice-recognition and voice mail capabilities," said Lowell Farkas, Carnegie's president and CEO. "The expertise and distribution channels provided by ALLTEL, along with its marketing muscle, should also help Carnegie reach our 1999 goal of 10,000 MAVIS units sold and $40 million in revenues."

B. Pete Thomas, vice president of ALLTEL's Communications Products Centers Group, said his company "is excited about offering MAVIS' leading-edge solution to our dealers. We will work closely with Carnegie to make voice recognition a standard in the 21st Century, and to establish MAVIS as the leading voice-driven auto attendant and voice mail and messaging system for business, government agencies and educational institutions in the U.S."

Adding to MAVIS Distribution Worldwide

"Carnegie is pleased that another peg is in place for worldwide MAVIS distribution," Farkas said, adding "the strength of ALLTEL's U.S. network complements international agreements announced earlier this month by Carnegie to license, market and distribute MAVIS in Russia and other Eastern European countries including Poland, Hungary and the Czech Republic, and separate agreements in Italy and Switzerland."

Carnegie International Corporation (OTC: BB CAGI) is a holding company specializing in Internet, telephony and telecommunications products, services and distribution. Carnegie's primary wholly-owned subsidiaries include: RomNet Support Services, Inc., an Internet, e-business and technical support services company based in Boston; Profit Through Telecommunications (Europe) Ltd. (PTT), a telecommunications software company providing business solutions utilizing proprietary speech recognition, touch tone and bar code responses to send and/or receive information; Talidan, a reseller marketing telephone time and information at discounted rates in Europe, South America, and other emerging markets, ACC Telecom of Columbia, Maryland, a leading reseller of equipment and business telephone systems from Comdial, SONY(R) (NYSE: SNE), and Sprint(R) (NYSE: FON), and Voice Quest, Inc., of Sarasota, Florida, a developer and provider of speech recognition and voice mail technologies and products. For the first half of fiscal 1998 ended June 30, Carnegie reported total income of $8.9 million and after-tax basic earnings per share of $0.075. For fiscal 1997, Carnegie reported total income of $6.9 million and after-tax basic earnings per share of $0.07.

ALLTEL Supply, a business unit of ALLTEL (NYSE: AT) , is headquartered in Norcross, Georgia, and is one of the nation's leading providers of telecommunications and data communications products. ALLTEL Supply offers more than 50,000 products from 500 manufacturers through a professional sales team and a network of nationwide distribution facilities and Communications Products Centers. ALLTEL is a customer-focused information technology company that provides wireline and wireless communications and information services.

Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this Press Release (as well as information in oral statements or other written statements made or to be made by Carnegie International Corporation) contain statements that are forward-looking, such as statements relating to the future anticipated direction of the telecommunications industry, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth, and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future, and accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of Carnegie International Corporation. These risks and uncertainties included, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, domestic and global economic conditions, change in Federal or state laws, and market competition factors.

MAVIS is a trademark of Carnegie International Corporation. Other trademarks are properties of their respective owners.