Carnegie International Names VP of Sales and Business Development.

BALTIMORE--(BUSINESS WIRE)--Jan. 5, 1999--

Now a Fully Reporting Company, Carnegie Moves to Boost MAVIS Sales

Carnegie International Corporation (OTC: BB CAGI), which last week became a fully reporting company, today moved to boost distribution of its MAVIS(tm) voice recognition system by appointing telecommunications industry veteran Alex Yaworski to a senior sales position.

Yaworsky was named vice president of sales and business development of the Speech Recognition Products Group of Carnegie Communications, a division of Carnegie International by Lowell Farkas, president and CEO of the parent company.

In his new position Yaworsky will provide liaison with ALLTEL Supply, a business unit of ALLTEL (NYSE: AT), with whom Carnegie has a definitive agreement for U.S. distribution of MAVIS to affiliates and non-affiliates. Signed in late December, the agreement added 500-plus Comdial (NASDAQ: CMDL) dealers to Carnegie's U.S. sales channel. Yaworsky will work to broaden vertical sales channels for MAVIS, the flagship of Carnegie's speech recognition products. Prior to joining Carnegie, he was Northeastern sales director for Registry Magic, and had also served with other telephony companies including Applied Voice Technology (NASDAQ: AVTC), Compass/Octel, and Voysys, where he successfully marketed and sold voice processing products through telephony resellers and manufacturers including Lucent and Comdial. Yaworsky has an M.B.A. from Seton Hall University and a B.A. from Rutgers University.

'MAVIS Too Good to Pass Up'

"The opportunity to market MAVIS was too good to pass up," Yaworsky said. "Its voice recognition-driven voice mail component separates it from competitors and makes it the premier speech recognition/voice mail auto attendant system." MAVIS (for Multi-Language Automated Voice Independent System) communicates intelligently with callers via advanced, proprietary voice recognition software, and works with virtually any business telephone system. Its interface is available in English and all foreign languages supported through licensed Lernout & Hauspie (NASDAQ: LHSPF) software and Dialogic (NASDAQ: DLGC) CPU telephony cards.

Continued Momentum and Progress for Carnegie

Farkas said having Yaworsky join Carnegie "continues our momentum and progress into 1999. Carnegie is growing in size, stature and reach, and voice recognition is gaining in popularity and exposure," he said, noting coverage of the technology by USA Today last week and a recent major article in the Chicago Tribune. "As voice recognition continues to emerge as a leading 21st Century technology, Carnegie is primed and ready. We have a leading edge product in our MAVIS, and now, with Alex Yaworsky, we have a capable executive to help boost sales. All elements are in place for Carnegie to reach our 1999 goal of 10,000 MAVIS units sold, which alone should generate $40 million in revenue."

Along with its U.S. distribution agreement with ALLTEL, Carnegie announced last month that it had agreements 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.

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.