Carnegie International Names Bennett H. Goldstein as CFO.

BALTIMORE--(BUSINESS WIRE)--Feb. 3, 1999--Carnegie International Corporation (OTC: BB CAGI), a holding company specializing in Internet, telephony and telecommunications products, services and distribution which became a fully reporting company in late 1998, today named Bennett H. Goldstein, CPA, as its chief financial officer.

"Having Bennett Goldstein as Carnegie's CFO is a major step forward in our continued financial growth," said Lowell Farkas, the company's president and CEO. "As a partner at Grant Thornton LLP, our auditor since 1997, he's worked closely with Carnegie senior management and is conversant with our accelerated growth and all recent acquisitions and contracts. His background in mergers and acquisitions, in high tech and distribution, and his SEC and taxation experience, made him an ideal choice to bring financial leadership to Carnegie at this most exciting time in our history."

Goldstein had been a partner at Grant Thornton in Baltimore since 1995, and joining the firm in 1993. Previously, he was president and managing director of Ellin and Tucker, Chartered, a large regional accounting and professional services firm in Baltimore from 1971 to 1993.

He has been team captain of several AICPA SEC Practice Section Peer Reviews. A C.P.A. since 1971, he is a member of the American Institute of Certified Public Accountants and the Maryland Association of Certified Public Accountants, where he is past chairman of the Public Service Appointments Committee. Goldstein was a director of Sinai Hospital of Baltimore, Inc., as well as chairman of its Budget and Finance Committee and a member of its Executive Committee. He is a past director and treasurer of the House of Ruth, Inc., a graduate of the Leadership Program of the Greater Baltimore Committee, and past chairman of DFK/USA Inc., an affiliation of independent CPA firms nationwide.

"Carnegie has every ingredient for phenomenal success," Goldstein commented about his new company. "We have leading-edge voice technology and both domestic and international distribution. The future is truly here for Carnegie, and I am excited to be part of it."

Goldstein resides with his wife in Owings Mills, a Baltimore suburb, and holds a B.S. in Business and Accounting from the University of Maryland.

New CFO and Featured by ALLTEL!

In other company news, Farkas said "ALLTEL (NYSE: AT), with whom Carnegie has a definitive agreement for domestic distribution of our MAVIS(tm) voice recognition-driven auto attendant and voice message system, issued a press release yesterday announcing the agreement and saying it would feature MAVIS in its Computer Telephony Expo booth (Los Angeles Convention Center, March 2-4)," he said.

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 (NASDAQ: CMDL), 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. On December 28, 1998, Carnegie became a fully reporting company under the Securities and Exchange Act of 1934.

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.