Stock Guru begins coverage of Kenilworth Systems Corporation.
Kenilworth Systems owns Patent # 6,575,834 titled “System and Method for Remote Roulette and Other Game Play Using Game Table at a Casino”, which was issued by the U.S. Patent & Trademark Office on June 10, 2003, and has been filed in 49 industrialized countries around the world.
In accordance with the invention, the conventional video gaming machine is replaced by new machines manufactured so as to serve a second purpose, that of a remote terminal for viewing and interactively placing wagers on a live game played at a casino or some other location. The machine when operating in the interactive mode permits wagering which can utilize some or all of the principles of the wagering system and method disclosed in U.S. patent 6,575,834, which is assigned to Kenilworth and whose disclosure was incorporated in its entirety.
In its goal to implement its business plan as identified in the recently filed 10Q Kennilworth has “been granted final approval to commence real time, live in-progress casino table game broadcasts (”Roulabette(R)”) by the Board of Directors of the Philippines Amusement and Gaming Corporation (”PAGCOR”). “
In foreign countries that permit Internet gambling, the Internet may be used. Kenilworth does NOT RECOMMEND THE USE OF THE INTERNET anywhere, which is subject to fraud, hacking and generally impossible to control as to who is allowed to wager. With ongoing wagering with mobile devices such as cell phones and PDA’s, only controlling who may make a deposit for the live games can prevent unauthorized use.
The Kenilworth Systems, Inc. business strategy can be found in its 10Q filed September 8, 2006.
Source:
Kenilworth Systems Corporation
Herbert Lindo – President and CEO
Christopher Jenkins, Investor Relations of Kenilworth SystemsCorp.
Roulabette@aol.com
185 Willis Avenue
Suite #4
Mineola, NY 11501
Phone: (516) 741-1352
Source:
PR Newswire
Sources:
10Q filed by Kenilworth Systems, Inc. on September 8, 2006
Kenilworth Systems, Inc. Website
PR Newswire
Forward Looking Statements: 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.
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