Tue Oct 27, 2009 1:04pm EDT
Kenilworth Systems Corporation Remote Roulette Game Broadcasts From Sosua Bay
Grand Casino Delayed For TCP/IP Designation For Global Viewing
Company Signs $3.5 Million Exclusive five (5) year software contract with
Blyth Development ("Blyth")
MINEOLA, N.Y., Oct. 27 /PRNewswire-FirstCall/ -- Kenilworth Systems
Corporation (Pink Sheets: KENS; "Kenilworth") reported today that it has
completed all casino tests pursuant to the previously announced six (6) month
online test simulcast agreement with Caribbean Casino & Gaming Corp.
("Caribbean"). Caribbean is a gaming and entertainment company located at
Sosua, Dominican Republic that owns and operates the Sosua Grand Casino that
held its very successful grand opening last Saturday, October 24th. The casino
offers three (3) roulette and fifteen (15) other table and poker games and
eighty-two (82) slot machines.
Blyth has provided all the software to date and will continue their exclusive
services through November 2013.
The $3.5 Million is payable in installments from Kenilworth's actual net
earnings or in its entirety if Kenilworth receives a minimum of $10 Million
from a single investor or the Company is merged or acquired. In addition,
Blyth was given options at thirty (30) day average market price totaling six
(6) million shares. The shares to be issued will be restricted for a minimum
of six (6) months.
The live in-progress casino table action will serve to DEMONSTRATE and MARKET
to the more than 2,000 Casino Operators and their Regulators in the fifty-one
(51) industrial countries in which Kenilworth enjoys patent protection for
REMOTE REAL TIME LIVE CASINO TABLE GAME WAGERING.
The Transmission Control Protocol/Internet Protocol (TCP/IP) may require up to
two (2) weeks to increase the bandwidth to accommodate the expected large
simultaneous international audience.
FORWARD-LOOKING STATEMENT
This report 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 the 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 report are made as of
the date hereof and Kenilworth undertakes no obligation to update such
statements.
SOURCE Kenilworth Systems Corporation
Herbert Lindo, Chairman & CEO, Kenilworth Systems Corporation,
+1-516-741-1352, or Fax, +1-516-741-7194
