Carnegie Cooke and IBM to Install Brazilian Data Command HQ
August 8, 2001 Carnegie Cooke Company, Inc.
IBM will warrant the system for three years and will provide on sitemaintenance for that same period. This software has been tested and approved by CarnegieCooke. Once the IBM installation is finished, the system will provide acentral location from which Carnegie Cooke monitors 3000 revenue pointsthroughout Brazil in real time.
Carnegie Cooke will have continuous access to real time data from all of itsOTB as well as the Jockey Clubs serviced by the company. IBM is to beginwork immediately and projects that the system will be completely installedby August 20, 2001.
Jay Goldberg, CEO of Carnegie Cooke, said: staff in Porto Alegre willbe able to monitor betting revenue as the bets are placed, as well aspayouts for winners. In addition, this system is designed so that our dailyrevenue net of wins is under constant scrutiny by the company. We will on adaily basis be able to reconcile all of the activity of each OTB and JockeyClub to the daily deposits made into the company bank accounts. This willprovide a major aspect of our system of internal control. involvement in this project allows us to get the system on linebefore the completion of the OTB installations currently in progress, continued. the minute they are done, they can be integratedinto the system and begin operations under the full control of our centralheadquarters.
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