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Mile High PR Announces Investment Opinion on Carnegie International <BR>
Corporation OTCBB:CGYC<BR>
Carnegie International Corporation <A HREF="">www.CARNEGIEI<BR></A> is now more than ever focused on potential acquisitions, mergers, <BR>
joint ventures and partnerships. In order to create more profit opportunities <BR>
for CGYC, chairman David Gable recently retained Investec Ernst & Company of <BR>
New York City as a financial advisor and investment banker.<BR>
We believe that CGYC could realize an additional $4.5 million in profit in <BR>
the Midwest alone, and could achieve 20% in the market over the next year. <BR>
With a stock price of over $3.75 a share<BR>
CGYC is looking forward to the increase in revenues of about $15 million due <BR>
to the agreement its subsidiary Paramount International Telecom just signed <BR>
with RoomLinX to offer wireless, high speed internet access in hotel and <BR>
hospital rooms across North America.<BR>
Carnegie International Corporation (OTCBB: <A HREF="aol://4785:CGYC">CGYC</A>)<BR>
, (<A HREF=""></A>) is an Internet <BR>
support and computer telephony holding company with specialization in <BR>
telecommunications products, services and distribution, and in E-Commerce and <BR>
EDI. Its primary wholly-owned subsidiaries include: RomNet Support Services, <BR>
Inc., an Internet, e-business and technical support services company, Profit <BR>
Through Telecommunications (Europe) Ltd. (PTT), a telecommunications software <BR>
company providing business solutions utilizing proprietary speech <BR>
recognition, touch tone and bar code responses to send and/or receive <BR>
information; ACC Telecom of Columbia, Maryland, a leading reseller of <BR>
equipment and business telephone systems from Comdial(TM), Lucent(R), SONY(R) <BR>
and Sprint(R); American Telephone & Computer, an Ameritech and Comdial dealer <BR>
based in Elmhurst, Illinois, in the Chicago suburbs; Voice Quest, Inc., of <BR>
Sarasota, Florida, a developer and provider of speech recognition and voice <BR>
mail technologies and products, Paramount International Telecommunications, <BR>
Inc., of Vista, California, which serves hotels and other businesses, <BR>
primarily in 0+/- call auditing and international one-plus sectors, and <BR>
Federation of Associated Health Systems, Inc., of San Antonio, Texas, which <BR>
serves more than 700 hospitals with telecommunications services, primarily in <BR>
0+/- call auditing and international one-plus sectors.<BR>
Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for <BR>
forward-looking statements. Certain information included in this Press <BR>
Release (as well as information in oral statements or other written <BR>
statements made or to be made by Carnegie International Corporation) contain <BR>
statements that are forward-looking, such as statements relating to the <BR>
future anticipated direction of the telecommunications industry, plans for <BR>
future expansion, various business development activities, planned capital <BR>
expenditures, future funding sources, anticipated sales growth, and potential <BR>
contracts. Such forward-looking information involves important risks and <BR>
uncertainties that could significantly affect anticipated results in the <BR>
future, and accordingly, such results may differ from those expressed in any <BR>
forward-looking statements made by or on behalf of Carnegie International <BR>
Corporation. These risks and uncertainties included, but are not limited to, <BR>
those relating to development and expansion activities, dependence on <BR>
existing management, financing activities, domestic and global economic <BR>
conditions, change in Federal or state laws, and market competition factors. <BR>
Mile High PR was developed solely for experienced, risk tolerant investors. <BR>
Subscribers to Mile High receive reports for select companies trading <BR>
on various markets. Sophisticated investors are also able to receive for <BR>
free, select, rare research reports and investor kits on up and coming <BR>
emerging companies while they are still not widely known.<BR>
About Mile High PR Inc.<BR>
Mile High PR introduces what in its opinion are undervalued companies to the <BR>
investment community. Mile High PR strives to locate companies with enormous <BR>
growth potential. Mile High PR is a full service public relations / Investor <BR>
relations firm. <BR>
All material herein was prepared by Mile High PR based upon information <BR>
supplied by the company or other sources believed to be reliable. The <BR>
information contained herein is not guaranteed by Mile High PR to be <BR>
accurate, and should not be considered to be all-inclusive. The companies <BR>
that are discussed in this opinion have not approved the statements made in <BR>
this opinion. This opinion contains forward-looking statements that involve <BR>
risks and uncertainties. A company's actual results could differ materially <BR>
from those described in any forward-looking statements or announcements <BR>
discussed herein. This material is for informational purposes only and should <BR>
not be construed as an offer or solicitation of an offer to buy or sell <BR>
securities. Mile High PR is not a licensed broker, broker dealer, market <BR>
marker, investment banker, investment advisor, analyst or underwriter. Please <BR>
consult a broker before purchasing or selling any securities viewed on <A <BR>
HREF=""></A>. Mile High PR has not yet <BR>
been compensated by third party shareholders on behalf of one or more of the <BR>
companies mentioned in this opinion. (300,000 CGYC ). Mile High PR intends to <BR>
sell its shares. Mile High PR may sell its shares for less than the target <BR>
price given in this opinion. Mile High PR's affiliates, officers, directors <BR>
and employees may also have bought or may buy the shares discussed in this <BR>
opinion and may profit in the event those shares rise in value. Mile High PR <BR>
will not advise as to when it decides to sell and does not and will not offer <BR>
any opinion as to when others should sell; each investor must make that <BR>
decision based on his or her judgment of the market.<BR>
To be removed please call: 1-800-222-6000 ext 957-8776<BR>

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