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Microcap & Penny Stocks : CAGI--A Sleeper Waiting to Wake Up!!!! -- Ignore unavailable to you. Want to Upgrade?

To: christopher who wrote (869)	4/1/1999 6:46:00 PM
From: C.J. Allbaugh	Read Replies (1) \| Respond to of 1020

Carnegie International Files for Extension on Form 10-KSB BALTIMORE (April 1) BUSINESS WIRE -April 1, 1999--Carnegie International Corporation (OTC BB: CAGI) said today it has filed with the Securities and Exchange Commission for an extension of the filing of its annual report of Form 10-KSB, which was due March 31, 1999. Carnegie President and CEO Lowell Farkas said the extension request was not due to any concern with the health of Carnegie, but was requested while the company was responding to SEC comments attributable to the company's Form 10-SB/A filed on February 12, 1999. He said that Carnegie will file its annual report within the 15-day extension period. Farkas said he issued this statement because of concerns about the filing delay from stockholders expressed in many phone calls and e-mails. He also announced that Carnegie is pursuing a listing on the American Stock Exchange. Carnegie International Corporation (OTC BB: CAGI, www.carnegieint.com) is a holding company specializing in Internet, telephony and telecommunications products, services and distribution, including E-Commerce and EDI. 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) software, and supports Dialogic (NASDAQ: DLGC) 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; ACC Telecom of Columbia, Maryland, a leading reseller of equipment and business telephone systems from Comdial (NASDAQ: CMDL), SONY(R) (NYSE: SNE), and Sprint(R) (NYSE: FON), Voice Quest, Inc., of Sarasota, Florida, a developer and provider of speech recognition and voice mail technologies and products, and Paramount International Telecommunications, Inc., of Vista, California, which serves hotels and other businesses, primarily in 0+/- call auditing and international one-plus sectors. On December 28, 1998, Carnegie became a fully reporting company under the Securities and Exchange Act of 1934. This release may include information that could constitute forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements may involve risk and uncertainties that could cause actual results to differ materially from any future results encompassed within the forward-looking statements. Factors that could cause or contribute to such differences include those matters disclosed in the Company's Security and Exchange Commission filings. MAVIS is a trademark of Carnegie International Corporation. Other trademarks are properties of their respective owners.