Monday March 6 2006

FIRST LIVE SCREENING OF ROULABETTE® FROM ONE OF THE LARGEST CASINOS IN THE WORLD

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In our last News Release made on February 16, 2006, we announced that we received an invitation from the Philippines Amusement and Gaming Corporation (“PAGCOR”) to present to it a plan to broadcast from the Hyatt Hotel and Casino, Manila, live in-progress casino table games, utilizing our Company’s patented Roulabette® technology for broadcasts to be disseminated throughout the industrialized world.
 
Herbert Lindo, Chairman and CEO and Kit Wong, Director and Vice President, together with two (2) members of our technical team commenced two (2) weeks of meetings with the Chairman and other Directors and staff members of PAGCOR.
 
The discussions immediately centered on the effect the simulcast broadcast would have on other players.  Playing on nearby non-televised table games that wished to remain private and not even accidentally been seen on the live broadcasts.  We require (initially) two (2) tables each for Roulette, Dice and Mini Baccarat, out the one hundred twenty-eight (128) table games at the casino for the broadcasts.
 
We had agreed that the six required table games should be located throughout the casino rather than located in a separate room or in a corner of the casino floor. 
 
To establish that the broadcasts would not pick up other players, required to make a film presentation of a proposed broadcast of a live, in-progress table game.  It was agreed the experimental game would be a Roulette table located with other table games on the casino floor.
 
We were fortunate to engage Big Top, a Philippines movie production company that made available two days for the production of the test film and an actor’s studio that provided twelve (12) young, aspiring movie actors that donated their presence in the film and cooperated beautifully with the eight (8) member film crew for the first ever live action Roulette game from the floor of the new Hyatt Hotel and Casino in Manila.  Special permissions were obtained from the managers of the hotel and of the casinos to make this filming possible.
 
We have available, for anyone that owns, or has access to a computer or DVD player that wishes to obtain a DVD copy of the not as yet finally edited film to join us in the experiences of a step in the future for Roulabette®.  (Please make your request in writing to provide us with your mailing address).
 
The film was made during the twenty-four (24) hour operation of the casino, with real chips and croupiers managing the action and the support of the security and casino operating management.  We wish to thank them for their splendid cooperation and allow us to come into their casino and film away, with camera booms taking shots from different angles and location for future live, in-progress camera installations.
 
The film demonstrated that we meet the absolute privacy of players wagering on nearby tables.
 
There is a genuine desire by PAGCOR to provide the worldwide Roulabette® broadcasts.
 
While in Manila, we were the special invited guests of Mr. Efraim C. Genuino, the Chairman and CEO of PAGCOR to the first ever EurAsian Gaming Summit of Leaders, Asia’s Gaming Entertainment plus leisure Expo to which the Chairman was elected as the Chairman by the twelve (12) Asian countries that participated in the Expo.
 
The Expo was well represented by Asian and U.S. manufactures including by two (2) manufacturers simulated live like horseracing.
 
We are convinced that Project Roulabette® will positively impact PAGCOR’s mandate and core objective to become an Asian destination for casino gambling enthusiasts and tourist attraction in competition with Macau and all gambling facilities in Asia.  We expect, shortly, to commence revenue sharing from net win and advertising revenue negotiations. For now, Ms. Emily San Juan and attorney Melvin Mendoza are authorized to coordinate with and represent our Company in working out a mutually beneficial arrangement with PAGCOR to advance our patented system and its ancillary operations in PAGOR and the world.  We look forward to a mutually beneficial and sustainable partnership.
 
To summarize our progress in introducing Roulabette® we wish to acknowledge and thank PAGCOR, its Chairman and CEO, the Directors and staff members for giving our Company the opportunity to introduce our patented Roulabette® real time, in-progress, remote table gaming transmission technology for possible use and broadcast initially from the new PAGCOR operated Hyatt Hotel and Casino in Manila.  In accordance with PAGCOR’s instructions, we will shortly be able to present an actual broadcast shot from a specially designated gaming table at the Hyatt (the broadcast shot will require approximately two [2] weeks for editing).
 
As proposed, Kenilworth will install and operate a number of specially designed cameras in, around and above a set of designated gaming tables without disrupting normal gaming and monitoring activities.  The cameras along with directional microphones will capture the images and sounds of the live games as they occur.  The live game images would be broadcast (simulcast) via satellite for viewing by subscribers of digital satellite and digital cable televisionworldwide.  Wagering would take place in jurisdictions that approve the use of the technology.  The set top boxes or computerized interfaces would receive the results of the games played through a microprocessor imbedded in the boxes or the TV sets.
 
Our patents which have been approved and published in the U.S. and forty-nine (49) other digitalized countries cover this technology which processes the wagers at the viewing site as they occur, adding or subtracting the wagered amounts against the player’s or patron’s account balance, which will be managed by lotteries, banking institutions or approved Kenilworth designated agents in the various jurisdictions.  The security protocol would be similar to those employed in the simulcast of horseracing between tracks located in different locations or countries.
 
As indicated in our earlier submissions, the estimated subscriber base (satellite and cable) by households, bars, restaurants, race tracks, slot parlors, etc. excluding multiple TV sets per location in Europe and the Pacific Rim nations alone run up to 325 million.  If we include the United States which, as of this writing, has a base of 120 million the potential revenues from this ‘captured’ subscriber base can be staggering.
 
Just to illustrate.  One of the four (4) Satellite Television producers in Europe with a subscriber base of 7.7 million as of March 31, 2005 reported that 3.2% of these or 300,000 are steady bettors on horseracing and soccer games (pari mutual wagering) with average betting estimated at US$3,200 annually.  The company opined that with the addition of fixed odds casino betting on live casino games the expected number of subscribers could dramatically increase to 10% or 770,000 subscribers making this operation a potentially US$2billion market annually.  Indeed, Kenilworth’s technology can ‘revolutionize’ the entire gaming and entertainment industry as we know it as it brings games, places and faces in an instant twenty-four (24) hours a day right into the living and playing rooms of millions of people worldwide.  Needless to say, PAGCOR when approved will be right in the center of this exciting and profitable development.
 
We are certain that given the chance to partner with PAGCOR to implement this new gaming concept we will be able to contribute substantially to PAGCOR’s earnings by ‘capturing’ a global gaming audience while enhancing the value of PAGCOR as a gaming and entertainment ‘brand’.  Additionally, we believe that with this introduction and affiliation to a global audience through a dedicated broadcast media network, PAGCOR will also enhance the growth of the Philippine tourism industry and promote the country as a trade and investments destination.  The broadcast will be controlled and beamed exclusively to overseas audiences to comply with PAGCOR’s commitment to the non-proliferation of games of chance in the Philippines, prevent its use by minors and limit compulsive gambling.
 
As proposed, Kenilworth will build, develop, fund and manage the entire Project with no cost to PAGCOR which, as the casino operator, will only host the broadcast.  For purposes of project implementation, Kenilworth is acquiring a PAGCOR accredited company, Lighthouse Supplies and Services, Inc., shortly.  Kenilworth through Lighthouse will make available any and all technology and resources necessary to successfully undertake this Project.  It will work with PAGCOR to develop and agreed video system that controls coverage areas for guests, ensure exposure worldwide and generate interests from players and viewers everywhere.  Kenilworth will also be responsible for the agreements with the regulatory agencies in the targeted jurisdictions as well as gaming and entertainment entities and satellite and cable companies to ensure the proper implementation of this Project.
 
Upon written understanding of PAGCOR’s commitment to the development and implementation of this Project and subject to mutually acceptable conditions, Kenilworth will provide: a) A guaranteed monthly minimum payment schedule at least for ten (10) years; b) Funding and complete the in-country infrastructure roll out; c) All relevant submissions and/or agreements with overseas regulatory agencies in the targeted areas, satellite and cable companies, gaming and entertainment entities and other cooperating organizations, in and out of the Philippines; and d) Such other requirements as maybe agreed upon.  

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Forward Looking Statement
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-Q and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and Kenilworth undertakes no obligation to update such statements.

Contact: Kenilworth Systems Corp. (516) 741-1352, Roulabette@aol.com.

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