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   Microcap & Penny StocksCAGI--A Sleeper Waiting to Wake Up!!!!

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To: Bond who wrote (996)4/28/1999 11:13:00 AM
From: David C
   of 1020
I am surprised we did not continue the early morning jaunt into 7's. When will all the shorts start covering realizing that when we go amex covers will be automatic? Is there any other source of there being a big short position besides Chris Scoggins? I don't trust the scoggins types, I bet he wears alot of mouse in his hair. I can't get any short info because of BB status.


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To: Bond who wrote (996)4/28/1999 11:18:00 AM
   of 1020
Scoggins Update:
Wednesday, April 28, 1999

CAGI - Carnegie's press today and their 10k filling confirmed for us that the company does
indeed qualify for the AMEX or for the NASDAQ National Market whichever they prefer. Perhaps this
INSI deal is why they have waited and will end up NASDAQ. However, we were expecting that so I
wouldn't spend much more time on it other than to say we have good reason to believe there will be some
institutional players coming into the picture.
What I want to focus on today however, is the letter of intent with Internet Notification Solutions, Inc.
For those of you who just glanced over it in the press release, or were wondering what the significance of
this company was, well here it is. CAGI just made the jump into true HIGH TECH! This acquisition is not
only going to provide huge cash flow to the company; it is going to make them a major e-commerce player.
Remember, that is the key here, e-commerce, which implies money flowing into the company, and Internet
Notification Solutions Inc. brings in the best kind, Business to Business e-commerce. Every ISP offering
e-mail service is going to need to get this software or something like it to stay competitive, and right now, as
in Voice Recognition, CAGI is the leader. In my opinion, this is the largest step forward CAGI has taken.
For an in-depth analysis of just what this company does and where it can take CAGI, visit our web site
Wednesday. I will also go into detail on just what each of CAGI's
contribute to Carnegie.
Earnings: There will be many who say, they were disappointing, or that they were not high enough,
and to those people I say: The company is growing by leaps and bounds! The EPS is down because of the
dilution that was taken as a result of the acquisitions. We have yet to see a contribution to earnings from the
companies, but applying some simple math (I point to the new BCT. TELUS contract) can tell you what
they are generating. What we have here is an Internet AND high-tech company that is MAKING money
rather than posting losses. This is the kind of company that gets profiled in the Wallstreet Journal and on
CNBC. From .45 cents to the AMEX with over a hundred million in revenue growth in less than one
year. Holy Monkey! I wish I could profile a stock a week like this one! One additional note, I have taken
dozens of calls and received several e-mails about when I planed to sell my stock. Shorter's take note: I am
in the process of signing over the voting rights of my entire block to CAGI's Chairman David Gable, so
those of you anticipating this block coming free in July, sorry it's not going to happen. I have spent the
better part of year trying to help grow this company and I plan on getting deep double digits for my block.

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To: HARRY BROWN who wrote (998)4/28/1999 11:58:00 AM
From: christopher
   of 1020
Wednesday April 28, 11:16 am Eastern Time

Company Press Release

Carnegie International Corporation Moves
to American Stock Exchange

Signs Letter of Intent to Acquire Internet's MailGong

BALTIMORE--(BUSINESS WIRE)--April 28, 1999-- Carnegie International Corporation (OTC BB: CAGI -
news) said today that it has been granted a listing on the American Stock Exchange (AMEX: CGY - news), and
that today is its last day of trading on the OTC Bulletin Board.

Carnegie Chairman E. David Gable said ''the move to this prestigious quoted exchange is yet another major
step forward for Carnegie and our loyal shareholders and employees. We believe being listed on the AMEX
will open and position Carnegie to a new group of investors, including institutional investors, around the world.''

Lowell Farkas, Carnegie's president and CEO, said the AMEX listing ''should further increase Carnegie's
ability to continue to grow through acquisition, as it has the past several years.''

Carnegie to Acquire INSI/NetGong

On Tuesday Carnegie signed a Letter of Intent to acquire Internet Notification Solutions, Inc. (INSI), a Delaware
corporation, and its wholly-owned subsidiary NetGong, which created MailGong(tm), one of the most advanced
e-mail notification software systems for the Internet. Following due diligence and acceptance of final terms by
both companies, Carnegie would own a very popular application that meets users' needs while reducing
capacity problems for Internet Service Providers (ISPs).

MailGong's unique patent-pending technology notifies a PC user when an event, such as the arrival of e-mail
occurs, even if the PC is off-line. Notification is provided without a telecommunication fee to the user and
reduces the workload on ISP's systems or a business's Intranet. MailGong also can automatically forward
notification to other PCs, phones, fax machines, pagers and similar devices. MailGong is marketed on a
revenue-share basis through ISPs as well as directly to large corporate systems users.

INSI was founded by S.H.F. Computers, an Israeli high-tech pioneer and leader which has developed
sophisticated communications software for major IT corporations including Motorola (NYSE: MOT - news),
3Com (NASDAQ: COMS - news), and Bay Networks (part of Northern Telecom, NYSE: NT) for more than 20

''We are pleased with the potential acquisition of INSI by Carnegie,'' said Jack L. Rivkin, senior vice president,
Investments, with the Travelers Investment Group, a subsidiary of Citigroup, Inc. (NYSE: C - news). ''Through its
business model, Carnegie can fully exploit the significant technologies developed by Gidi Lefeber and his
team in Israel.'' Travelers Insurance companies were an early investor in INSI.

Paramount Update

B. Chris Schwartz, Carnegie's new COO, updated an announcement made on April 16 concerning Carnegie's
Paramount International Telecommunications subsidiary. Schwartz said Paramount, which is partnering with
BCT.TELUS to provide value-added telephony services, will be processing U.S.-bound phone calls from
26,000 pay phones in Canada. David Moody, Paramount's chairman, said the service is an integral part of its
expanded relationship with BCT.TELUS (TSE:BTS - news) and should add $36 million (of the projected $60
million-plus total) in revenue to Paramount over the next three years. BCT.TELUS is 26 per cent owned by
U.S.-based GTE Corporation (NYSE: GTE - news).

Carnegie International Corporation (OTC BB: CAGI - news) is an Internet support and computer telephony
holding company with specialization in telecommunications products, services and distribution, and in
E-Commerce and EDI. Its MAVIS (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. Along with Paramount, Carnegie 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, 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., a developer and provider of speech recognition and voice mail technologies and products.

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 dis

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To: christopher who wrote (999)4/28/1999 12:05:00 PM
   of 1020
Kiddstock, where are you? Eating lunch at CAGI's "dive" in Florida?

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To: HARRY BROWN who wrote (1000)4/28/1999 12:13:00 PM
From: christopher
   of 1020
Actually the Victoria Station restaurants in Miami are reported to be quite nice and if you're a shareholder and you let Gary know you'll be in Miami he may just comp you a couple of nice dinners...;)


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To: christopher who wrote (1001)4/28/1999 12:23:00 PM
   of 1020
They generate some pretty good income too!EOM

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To: HARRY BROWN who wrote (1002)4/28/1999 12:49:00 PM
From: dch
   of 1020
Time to start a new thread?
No longer sleeping and definitely not $5 and under.
Care to do the honors HB?

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To: dch who wrote (1003)4/28/1999 1:05:00 PM
   of 1020
DCH: let's find out where KiddStock is now, if he hates the stock, I'm buying. Just kidding. I have been in TLTG for a while, and like EINI too.

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To: dch who wrote (1003)4/28/1999 1:14:00 PM
   of 1020
Double digits within a week.EOM

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To: HARRY BROWN who wrote (1005)4/28/1999 1:59:00 PM
From: Zoro
   of 1020
Perhaps it is time to start a new thread with the new symbol starting tomorrow of CGY. I still can't understand why the AMEX rather than the NASDAQ. Anyone know?

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