UNIONDALE, N.Y., Jan. 22, 2013 /PRNewswire/ -- Kenilworth
Systems Corp. (OTC: KENS). Kenilworth CEO, Dan Snyder, today confirmed that the company is
now ready to complete the financial audit and return the Company to
its former fully reporting status.
"Kenilworth has now completed the lengthy process of updating
the company financial statements for the last four years and bring
them into compliance. This update was necessary to reflect the 2012
share recapitalization, changes in timing of shareholdings, and the
formation of subsidiary companies to advance the Company's core
business," stated Mr. Snyder.
In preparation for filing with the SEC, Kenilworth's Chief
Financial Officer and staff have worked tirelessly to bring the
Company financials current and prepare them for submission to
independent PCAOB auditors. KENS quarterly 10Q financial
statements are now up to date and the annual 10K for 2012 is in the
process of being prepared for filing after audit. These steps
will bring Kenilworth into compliance with the SEC rules for fully
reporting companies.
The Company will be applying to FINRA to quote the company
shares on the OTC: QB. The OTCQB was created in 2010 to help
investors identify small and emerging companies like Kenilworth
that are current in their regulatory reporting obligations and to
facilitate their electronic trading through a broad spectrum of
broker-dealers.
"Kenilworth is now ready to return to its former glory," Mr.
Snyder also stated.
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 Uniondale, New York and has a
subsidiary, KenSysCo Gaming, Inc. in Las
Vegas, Nevada.
FORWARD LOOKING STATEMENTS
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.
More information: Email info@kensysco.com
SOURCE Kenilworth Systems Corp.