Thursday January 21, 2:04 pm Eastern Time
Company Press Release
Carnegie International Chairman Purchases Company
Stock
BALTIMORE--(BUSINESS WIRE)--Jan. 21, 1999--Carnegie International Corporation
(OTC: BB CAGI), a holding company specializing in Internet, telephony and
telecommunications products, services and distribution, said today that its chairman
has purchased Carnegie stock on the open market.
E. David Gable said he was ''taking full advantage of the price dip in Carnegie stock'' in making the purchase of
20,000 shares earlier today.
Carnegie (www.carnegieint.com) also announced that Stuart L. Agranoff, a member of its Board of Directors, has
exercised his option to purchase 50,000 shares of Carnegie stock pursuant to his agreement.
Carnegie International Corporation (OTC: BB CAGI) is a holding company specializing in Internet, telephony and
telecommunications products, services and distribution. Its MAVIS(tm) (Multi-Language Automated Voice Independent
System) is a breakthrough in speech recognition-driven automated attendant/ voice mail systems, using proprietary
IVR (interactive voice response) software to recognize/respond to callers. The entirely voice-driven MAVIS interface is
available in English and all foreign languages supported through licensed Lernout & Hauspie (NASDAQ: LHSPF -
news) software, and supports Dialogic (NASDAQ: DLGC - news) CPU telephony cards. Carnegie's primary
wholly-owned subsidiaries include: RomNet Support Services, Inc., an Internet, e-business and technical support
services company 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 - news), SONY® (NYSE: SNE - news), and Sprint®
(NYSE: FON - news), 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.
Contact:
Press Contacts:
Lowell Farkas
Carnegie International Corporation
+(410) 785-7400
lfarkas@carnegieint.com
or
David A. Kaminer
The Kaminer Group
+(914) 684-1934
dkaminer@kamgrp.com
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Comdial Corp (Nasdaq:CMDL - news)
Dialogic Corp (Nasdaq:DLGC - news)
Lernout En Hauspie Speech Products (Nasdaq:LHSPF - news)
Sony Corp (NYSE:SNE - news)
Sprint Corp (NYSE:FON - news)
Related News Categories: banking, computers, internet, ISDEX, retail, software, telecom
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