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RELEASE: TUESDAY,
November 22, 2005 - IMMEDIATELY
FROM:
KENILWORTH SYSTEMS CORPORATION
185 Willis Avenue, Suite # 4
Mineola, NY 11501
Tel: (516) 741-1352
Fax: (516) 741-7194
E-mail: Roulabette@aol.com
CONTACT:
Herbert
Lindo, Chairman and CEO
(516) 741-1352
www.Roulabette.com
FOR IMMEDIATE RELEASE
KENILWORTH SYSTEMS CORPORATION ANNOUNCES RESIGNATION OF GINO SCOTTO, CEO & DIRECTOR
AND ANDREW HIRKO, SENIOR VICE PRESIDENT
Mineola, N.Y. November 22, 2005 – Kenilworth Systems Corporation
(OTC Pink Sheets: KENS) in an 8-K filing today reported that Gino
Scotto, Kenilworth’s CEO and a Director and Andrew
Hirko, the Senior Vice President have resigned effective
immediately.
Herbert Lindo, Chairman stated “he wished both men well and
he will assume the additional position of CEO.”
Kenilworth further announced that it belatedly filed, on November
21, 2005, the FORM 10-Q for the quarterly period ended September
30, 2005 after having filed and extension on November 14, 2005
for the report.
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.
The Roulabette™ casino is next door, doesn’t have the
costly bricks and mortar, and can be managed to prevent
the underaged from participating and shut out the compulsive gamblers using state
lotteries to manage the cash handling.
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This press release my be deemed to contain certain forward-looking
statements with respect to business, financial conditions, results
of operations of Kenilworth and its subsidiaries which involves
risks and uncertainties including, but not limited to: obtain necessary
capital for proposed projects, the ability to obtain experienced
management to further the business plans of Kenilworth, the ability
to obtain necessary regulatory approvals from various regulatory
approvals from various regulatory bodies, approval by State Legislatures,
economic conditions and other risks described on Form 10-K, 2004.
Contact: Herbert Lindo, Chairman
and CEO, Kenilworth Systems Corp. (516) 741-1352, Roulabette@aol.com.
Forward Looking Statement
This press release my be deemed to contain certain forward-looking
statements with respect to Kenilworth’s business, financial
conditions, involves risks and uncertainties including, but not
limited to: the ability to obtain additional experienced management
to further the business plans of Kenilworth, the ability to obtain
necessary regulatory approvals from various regulatory bodies, approval
by State Legislatures, economic conditions and other risks described
on Form 10-K, 2004.
Contact: Kenilworth Systems Corp. (516) 741-1352, Roulabette@aol.com.
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