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April 18,
2006

Annual Report Further Delayed
MINEOLA, N.Y., April 18, 2006 – Kenilworth
Systems Corporation (OTC Pink Sheets: KENS)……Kenilworth
Systems Corporation (“Kenilworth”) in an 8-K filing
today reported that the Company’s Annual Report for the period
ended December 31, 2005, after having filed an extension until
April 17, 2006, will be further delayed for approximately two (2)
weeks.
Herbert Lindo, Chairman and CEO stated the delay
is caused by the extensive expenses incurred in continuing negotiations
taking place in the Philippines with a Philippine government authorized
agency, the acquisition of Lighthouse Supply and Services, Inc.
in the Philippines, all of which require Independent Auditors confirmation
and the lack of qualified staff personnel that left the Company
in November 2005, which have not as yet been replaced.
As previously reported, the Company sustained
a loss of $3,267,912 for the nine (9) month period ended September
30, 2005 which included a non-operating loss of $1,250,000. The
Company expects these losses will continue until its “Roulabette® System” becomes
acceptable to the worldwide Casino and Lottery Industry.
Roulabette® is the brand name, coined by
the Company, for a method and system for placing wagers on live,
in-progress casino table games broadcast to digital satellite and
digital cable subscribers, such as Roulette, Dice, Baccarat and
more, at sites remote from the actual casino table at which the
game is taking place.
With the patented Roulabette® System,
the actual wagering takes place at the receiving television set
managed by the microprocessor installed in the set-top boxes
(both cable and satellite) or as an attachment to the TV set. The
wagering is not managed by the casino that broadcasts Roulabette®. It
is a one-way transmission requiring only the consent of the receiving
jurisdictions. The Roulabette® casino is next door,
doesn’t have the costly bricks and mortar, and can be managed
to prevent the under aged from participating and shut out the
compulsive gamblers by using lotteries to manage the cash handlings.
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: Herbert Lindo, Chairman & CEO, Kenilworth
Systems Corp. (516) 741-1352, Roulabette@aol.com.
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