SOURCE: Kenilworth Systems Corporation

December 15, 2010 08:00 ET

Kenilworth Systems Signs Caribbean Venture

MINEOLA, NY--(Marketwire - December 15, 2010) - Kenilworth Systems Corp. (PINKSHEETS: KENS) today announced a significant agreement to advance the Company's international expansion.

Dan W. Snyder III, President and CEO, said, "I'm pleased to report today that our international subsidiary, KenSysCo International Ltd., has entered into a definitive agreement with Platinum Gaming Ltd, located in the Commonwealth of Dominica, West Indies.

"Platinum's principals are well positioned within the governmental and business structure of the Organization of Eastern Caribbean States and have an excellent grasp of both regulatory and business opportunities unique to the region. So we are pleased to announce Platinum as our exclusive regional partner for the countries within the OECS.

"For providing technology including patents to Platinum Gaming, KenSysCo will receive a 10% equity interest in Platinum, plus 5% of the net income from licensed gaming operators introduced and sub-licensed by Platinum. Platinum will have responsible charge of sub-licensing, regulatory compliance, and financial settlement."

Managing Director of Platinum, Lennox Lawrence, Esq, stated, "We appreciate the opportunity to deploy KenSysCo's advanced technology in many suitable gaming operations in the Eastern Caribbean."

Kenilworth Systems Corporation is an integrated technology corporation with intellectual property assets and technical capabilities in the live online gaming sector. The Company is based in Mineola, New York. KenSysCo International Ltd is a unit of Kenilworth's subsidiary KenSysCo Corporation. The international unit conducts operations related to use of the Kenilworth patents by licensed gaming operators outside of the USA.


The information contained in this Press Announcement includes "forward-looking" statements within the meaning of section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and is subject to the safe harbors created thereby. Such information involves important risks and uncertainties that could significantly affect results in the future and, accordingly, such results may differ from those expressed in any forward looking statements herein. Future operating results may be adversely affected as a result of a number of factors.

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