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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: SEC-ond-chance who wrote (82797)	1/6/2003 10:10:54 AM
From: StockDung	Respond to of 122087

Carnegie Cooke and IBM to Install Brazilian Data Command HQ August 8, 2001 -- (WEB HOST INDUSTRY REVIEW) -- Carnegie Cooke & Company, Inc. (carnegiecookeandcompany.com), a South American provider of simulcast racing events, today announced the signing of an agreement with IBM (ibm.com) for the installation and maintenance of all necessary computer hardware in its Data Command Center in Porto Alegre. IBM will warrant the system for three years and will provide on site maintenance for that same period. The system will use software designed specifically for the company by Guianet (guianet.com.br), a major Brazilian software provider. This software has been tested and approved by Carnegie Cooke. Once the IBM installation is finished, the system will provide a central location from which Carnegie Cooke monitors 3000 revenue points throughout Brazil in real time. Carnegie Cooke will have continuous access to real time data from all of its OTB's as well as the Jockey Clubs serviced by the company. IBM is to begin work immediately and projects that the system will be completely installed by August 20, 2001. Jay Goldberg, CEO of Carnegie Cooke, said: "Our staff in Porto Alegre will be able to monitor betting revenue as the bets are placed, as well as payouts for winners. In addition, this system is designed so that our daily revenue net of wins is under constant scrutiny by the company. We will on a daily basis be able to reconcile all of the activity of each OTB and Jockey Club to the daily deposits made into the company's bank accounts. This will provide a major aspect of our system of internal control." "IBM's involvement in this project allows us to get the system on line before the completion of the OTB installations currently in progress," Goldberg continued. "Thus, the minute they are done, they can be integrated into the system and begin operations under the full control of our central headquarters." Carnegie Cooke also has a contract with the Brazilian Association of Jockey Clubs to mechanize the cumbersome, manual system of betting throughout Brazil. The Brazilian Government's approval of this contract and naming of Carnegie Cooke as an accredited collector of betting revenue in Brazil was announced on March 16, 2001.

To: SEC-ond-chance who wrote (82797)	1/6/2003 10:17:29 AM
From: StockDung	Read Replies (1) \| Respond to of 122087

NEW TEL TRADES pinksheets.com

To: SEC-ond-chance who wrote (82797)	1/6/2003 12:33:26 PM
From: StockDung	Respond to of 122087

"Deloitte Touch Tohmatsu's chief, Domenic Martino, facing possible criminal charges." New Tel directors may face charges By Michael Sainsbury, Telecommunications January 07, 2003 FAILED telecommunications company New Tel may have traded while insolvent for as long as 12 months before it was placed into administration – leaving directors, including Deloitte Touch Tohmatsu's chief, Domenic Martino, facing possible criminal charges. This was revealed yesterday in the first report to creditors by Philip Carter and Gregory Hall of PricewaterhouseCoopers. According to creditor sources, the administrators said they suspected New Tel had traded without sufficient funds to cover its financial commitments for a year before its collapse late last year. Mr Carter and Mr Hall could use the broader powers available to liquidators to take their investigations further. At a meeting on Monday, they'll recommend to creditors, who are owed as much as $50 million, that New Tel be put into liquidation. Perth-based New Tel was placed in administration on December 10 after a tumultuous four months during which a series of deals designed to prop up the company failed. "Our inquiries to date have indicated a number of matters which we consider deserve more extensive investigation, utilising the powers available to the liquidator," the administrators said in their report. "It is, therefore, our view that the creditors' best interests will be served by the company being placed into liquidation without delay." But in the full report to creditors – not released publicly – the administrators outlined more serious concerns about insolvent trading, according to the source. Such trading is illegal, and directors of companies that have done so face the possibility of substantial fines and jail. Liquidators can unwind preference payments made by companies up to six months before an administrator was appointed. They can also unwind uncommercial transactions for up to two years before the administration date, and related party transactions up to four years before. Such transactions may include a $4 million payment to Deloitte during 2000-2001, and a $1 million payment believed to have been made to New Tel's failed white knight, Broadband and Wireless. New Tel chief executive and founder Peter Malone, who once said his ambition was to become Qantas' No. 1 frequent flyer, is likely to be a target of any fresh investigations. His Perth beachside residence and sports cars could prove to be targets for liquidators as they seek assets to make up the shortfall in New Tel's finances. Mr Martino quit the New Tel board in February last year. However, he may be implicated if the company's insolvent trading dates back as far as administrators suspect. Mr Martino is also understood to have been closely involved in attempts to save the company. Other New Tel directors include Perth identity Harry Sorensen, US-based Mark Hake, and Hong Kong-based An Zhou and Gary Koh. The administrators were unavailable for further comment, a PwC spokesman said.