Kenilworth Systems Corporation Receives Letter of Intent from PAGCOR

Kenilworth Systems Corporation Receives Letter of Intent from PAGCOR

April 27, 2006

    MINEOLA, N.Y., April 27 /Xinhua-PRNewswire/ --
Kenilworth Systems Corporation (OTC Pink Sheets: KENS) ...
Kenilworth Systems Corporation ("Kenilworth")
today reported the Company has received a "Letter of
Intent" from the Philippines Amusement and Gaming
Corporation ("PAGCOR"), the Republic of the
Philippines chartered government gaming monopoly.  PAGCOR
partially owns and exclusively operates all fourteen (14)
Filipino casinos, some of which are located in exclusive
resort facilities frequented by Asian patrons. The letter
underscores PAGCOR's intention to implement the
Roulabette(R) Project while the more formal Memorandum of
Agreement ("MOA") will be processed by the
Philippines Legislature.

    Herbert Lindo, Chairman and CEO stated, "We
requested the letter to demonstrate PAGCOR's desire to
implement Project Roulabette(R) while the approval of the
MOA takes its normal time course. With the letter, the
Company now can go forward with negotiations with satellite
and cable companies that may wish to offer the patented
Roulabette(R) System to their subscribers and obtain
permission for the broadcasts in their respective
jurisdictions. He further stated, "We now may also
commence negotiations with design and manufacturing
organizations for the equipment required to make
Roulabette(R) available throughout the industrialized
world."

    In the mutually signed Letter of Intent, the Company
guarantees to pay PAGCOR a monthly payment, for hosting the
broadcasts, when they commence, over a ten (10) year
contract period in the amount of US$1 million for year one
(1); US$2 million for years two (2) and three (3); US$5
million for years four (4) through seven (7) and US$10
million for every year there after. The initial broadcast
will emanate from the new Hyatt Hotel and Casino in Manila
and may include Philippine Resorts that have casinos, with
an expected starting date early in 2007. The Company also
guaranteed to have available US$25 million required in its
Business Plan which is incorporated in the MOA.

    Mr. Lindo reiterated that "Kenilworth believes
Roulabette(R) will become a US$500 billion net win market
from wagering in five (5) years, by 2011, which will be
shared by all participating entities."  The letter is
signed by Rene C. Figueora, Vice President - Administration
and Senior Managing Head RDD, PAGCOR.

    FORWARD LOOKING STATEMENT

    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.

    For more information, please contact:

     Herbert Lindo, 
     Chairman & CEO of Kenilworth Systems Corp. 
     Tel:   [phone]
     Email: [e-mail]

SOURCE  Kenilworth Systems Corporation