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To: one_less who wrote (6790)	5/26/1998 4:18:00 PM
From: one_less	Read Replies (1) \| Respond to of 8835

Carnegie International Corp. Announces First Quarter Pre-Tax Earnings for 1998 at $0.041 Basic Earnings Per Share HUNT VALLEY, Md.--(BUSINESS WIRE)--May 26, 1998--Carnegie International Corp. (OTC BB:CAGI - news) is pleased to announce that its company prepared statement of earnings for the quarter ended March 31, 1998 reflects $0.041 pre-tax basic earnings per share. Total revenues for the same period were $4,182,544 and pre-tax net income to the company, for the same period, was $1,637,614. Carnegie is a holding company with three primary wholly owned subsidiaries in the telecommunications industry, Profit Thru Telecommunications (Europe) Limited (PTT), Talidan and ACC Telecom. PTT is a telecommunications software company providing business solutions utilizing proprietary speech recognition, touch tone and bar code responses to send and receive information. Talidan is a reseller, marketing telephone time for discounts in South America, Europe and other growth emerging markets, including Russia. ACC Telecom sells, installs and services equipment manufactured by industry leaders such as COMDIAL, SONY, BELL SOUTH and SPRINT. 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 Corp.) 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 toward-looking statements made by or behalf of Carnegie International Corp. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, domestic and global economic conditions, changes in federal or state laws, and market competition factors.