June 18, 2010

POLICY STATEMENT

What is wrong with the American economy? Are we moving toward a recession? There
are no signs of inflation. We keep spending without let up. Can Kenilworth survive?
Kenilworth owns U.S. issued patents that are extremely valuable provided Internet
Gambling in the U.S. is eventually approved. What are those chances? Barney Frank
(D., Mass.) the powerful Chairman of the House Financial Services Committee has not
scheduled any hearings that could permit Internet Gambling in the U.S. in the immediate
future.

At present you may use your credit or debit card to pay for hotel rooms, meals, shopping,
travel to and from the casinos. None of these transactions violate the ban on Internet
Gambling. What happens when you withdraw $2,000 from an ATM located on the casino
premises? The banks give you the CASH but they do not know whether they will be paid
back by the losers. There are thousands of court cases that ruled against the credit card
companies for enticing them to break the law that does not permit Internet Gambling.
Casinos are built from losers, not winners. They will have a hard time to distinguish
whether the ATM transaction is a violation of Internet Gambling Laws, that are illegal or
a transaction to pay a bar bill, meal or tip the shoe shine boy.

When you come to the casino with CASH to play at casino tables or slot machines,
are you breaking the law? Video lottery terminals at Racinos are different from slot
machines.

Kenilworth has to continue to obtain working capital by selling Capital Stock to continue
in business. For how long and in what amounts?

KENS is trading now at $0.01. Unless the stock price increases to $0.025 NEW sales
will be difficult. The first effort by Kenilworth is to convince present stockholders that
the low KENS stock price is the result of the low price of the Euro compared to the U.S.
dollar, and Obama’s $885 billion in stimulus spending. As the Euro plunges, the U.S.
dollar will rise. Twenty-one (21) countries back their currencies with U.S. dollars instead
of gold. This adds to the volatility of the dollar that is obviously underpriced.

<Back