Carnegie Cooke
Undervalued Special Situation |
|
Symbol: |
CGKY.PK |
| 52 Week
Range |
0.07 - 0.34 |
| Shares
Float: |
25,000,000 |
| Current
Price: |
$0.16 |
| 7 Day Target Price |
$0.80 |
|
Breaking News Alerts!
Big
News Expected Monday
Value should climb quickly!
Carnegie Cooke Acquiring Two Locations in Greater Rio de Janeiro
to Become OTB's
Tuesday August 2, 4:07 pm ET
LAS VEGAS--(BUSINESS WIRE)--Aug. 2, 2005--Carnegie Cooke & Company,
Inc. (CGKY.PK) is in the process of acquiring two new locations in
Niteroi, the island city adjoining Rio de Janeiro. Niteroi is one of
the most affluent suburbs in Brazil. Its population is greater than
500,000 with a daily average of 300,000 commuters. These potential
new locations are in addition to the existing domestic revenue
generating OTB's currently being expanded in Campos and Macae.
Carnegie Cooke recently signed a three year contract, with an option
for three additional years, for exclusivity with the Jockey Club de
Campos to operate both domestic and international simulcast signals
related to the turf industry throughout the state of Rio de Janeiro.
With ownership of the Campos facility, the domestic betting signal
allows access to forty existing accredited domestic simulcast signal
OTB's within the state of Rio de Janeiro. Management is in the
process of analyzing these sites for the inclusion into its
expanding OTB network. For more company information, please visit
our website at www.carnegiecooke.com
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 2003 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 Jockey Club facilities, and to
implement international simulcast racing throughout Brazil.
Safe Harbor Statement: Except for historical information, the
matters set forth herein, which are forward-looking statements,
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
gaming industry, and the successful technical and economic
implementation of its operations.
CGKY is
getting ready to break out. We recommend this as a VERY strong buy.
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