<PAGE>   1
                                                                   EXHIBIT 2(4)

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
Case Number: 8-82-82273                                        Page 1                                          Date: August 12, 1998
Debtor Name: KENILWORTH SYSTEMS CORPORATION
====================================================================================================================================
Claim #     Payee Name                              Class   Priority         Amount     Paid to Date  Claim Balance    Proposed Pymt
====================================================================================================================================
<S>         <C>                                     <C>        <C>      <C>             <C>           <C>              <C>          
Beginning Balance                                                                                      

            PRYOR & MANDELUP, LLP                   Admin      025        $215,533.25   $215,533.25           $0.00            $0.00

            PRYOR & MANDELUP, LLP                   Admin      025          $6,366.09     $6,366.09           $0.00            $0.00

            MORGOLIN, WINER & EVENS, LLP            Admin      025         $20,390.75    $20,390.75           $0.00            $0.00

            CLERK, U.S. BANKRUPTCY COURT            Admin      025          $1,744.75         $0.00       $1,744.75        $1,744.75

            PRYOR & MANDELUP, L.L.P.                Admin      025         $20,000.00    $20,000.00           $0.00            $0.00

            ANDREW M. THALER, TRUSTEE               Admin      025         $68,227.32    $68,227.32           $0.00            $0.00

            ANDREW M. THALER, TRUSTEE               Admin      025            $728.18       $728.18           $0.00            $0.00

326         SHAW LICITRA PARENT ET. AL              Admin      028          $7,248.22         $0.00       $7,248.22        $7,248.22

                                                                        ------------------------------------------------------------
      Subtotals For Class Administrative  100.0000%                       $340,268.56   $331,245.59       $9,022.97        $9,022.97

            FLEET BANK                              Unsec      070         $50,000.00         $0.00      $50,000.00       $50,000.00

            JEFFREY LINDO                           Unsec      070         $21,000.00         $0.00      $21,000.00       $21,000.00

120         THE INDEPENDENT ELECTION CORP           Unsec      070          $2,143.85         $0.00       $2,143.85        $2,143.85

126         ALL WEATHER TEMPERATURE CONTROL INC     Unsec      070            $906.34         $0.00         $906.34          $906.34

127         MICHAEL J. ROCK                         Unsec      070          $1,200.82         $0.00       $1,200.82        $1,200.82

128         PROGRAMMING CONCEPTS INC.               Unsec      070         $36,172.50         $0.00      $36,172.50       $36,172.50

131         DP SEARCH ASSOCIATES INC.               Unsec      070          $3,333.33         $0.00       $3,333.33        $3,333.33

133         DATA CARD CORP.                         Unsec      070            $662.90         $0.00         $662.90          $662.90

------------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
=====================================================================
Claim #     Payee Name                                Funds Remaining
=====================================================================
<S>         <C>                                         <C>        
Beginning Balance                                   

            PRYOR & MANDELUP, LLP                       $1,178,376.29

            PRYOR & MANDELUP, LLP                       $1,178,376.29

            MORGOLIN, WINER & EVENS, LLP                $1,178,376.29

            CLERK, U.S. BANKRUPTCY COURT                $1,178,376.29

            PRYOR & MANDELUP, L.L.P.                    $1,176,601.54

            ANDREW M. THALER, TRUSTEE                   $1,176,601.54

            ANDREW M. THALER, TRUSTEE                   $1,176,601.54

326         SHAW LICITRA PARENT ET. AL                  $1,169,353.32

                                                    
      Subtotals For Class Administrative  100.0000% 

            FLEET BANK                                  $1,119,353.32

            JEFFREY LINDO                               $1,098,353.32

120         THE INDEPENDENT ELECTION CORP               $1,096,209.47

126         ALL WEATHER TEMPERATURE CONTROL INC         $1,095,303.13

127         MICHAEL J. ROCK                             $1,094,102.31

128         PROGRAMMING CONCEPTS INC.                   $1,057,929.81

131         DP SEARCH ASSOCIATES INC.                   $1,054,596.48

133         DATA CARD CORP.                             $1,053,933.58

---------------------------------------------------------------------
</TABLE>
<PAGE>   2

<TABLE>
<CAPTION>

                                                         FINAL DISTRIBUTION

------------------------------------------------------------------------------------------------------------------------------------
Case Number: 8-82-82273                                        Page 2                                          Date: August 12, 1998
Debtor Name: KENILWORTH SYSTEMS CORPORATION
====================================================================================================================================
Claim #     Payee Name                              Class   Priority         Amount     Paid to Date  Claim Balance    Proposed Pymt
====================================================================================================================================
<S>         <C>                                     <C>        <C>      <C>             <C>           <C>              <C>          
134         ANN MARIE McPARTLAND                    Unsec      070            $721.10         $0.00         $721.10          $721.10

135         ARTHUR ROBINSON & HEDDERWICKS           Unsec      070         $45,012.15         $0.00      $45,012.15       $45,012.15

136         LILCO                                   Unsec      070          $6,368.07         $0.00       $6,368.07        $6,368.07

137         GENERAL INDUSTRIAL TECHNOLOGIES INC     Unsec      070         $23,261.36         $0.00      $23,261.36       $23,261.36

141         TECHNILEASE CORP.                       Unsec      070          $6,285.00         $0.00       $6,285.00        $6,285.00

159         ISLAND VIDEO INC.                       Unsec      070            $835.78         $0.00         $835.78          $835.78

190         ZURICH INSURANCE CO.                    Unsec      070          $7,107.67         $0.00       $7,107.67        $7,107.67

193         NIKOLAS L. MASTRANGELO, ESQ. LTD.       Unsec      070         $10,352.00         $0.00      $10,352.00       $10,352.00

195         FUTURE ELECTRONICS CORP                 Unsec      070          $4,964.41         $0.00       $4,964.41        $4,964.41

199         ATLANTIC CITY COIN & SLOT SERVICE       Unsec      070          $8,500.00         $0.00       $8,500.00        $8,500.00

206         FIRST TRANSCAPITAL CORP.                Unsec      070         $25,000.00         $0.00      $25,000.00       $25,000.00

207         FUNDEX CAPITAL CORP                     Unsec      070        $190,397.96         $0.00     $190,397.96      $190,397.96

208         HORN KAPLAN GOLDBERG GORNY & DANIELS    Unsec      070          $4,127.07         $0.00       $4,127.07        $4,127.07

210         SHEPHARD LANE                           Unsec      070         $35,000.00         $0.00      $35,000.00       $35,000.00

211         VAN SEPLOW                              Unsec      070         $32,500.00         $0.00      $32,500.00       $32,500.00

212         ARLAND PRINTING CO. INC.                Unsec      070          $5,527.50         $0.00       $5,527.50        $5,527.50

222         OLIVETTI OFFICE, USA INC.               Unsec      070         $22,562.28         $0.00      $22,562.28       $22,562.28

233         ARTHUR YORKES & COMPANY CPA'S           Unsec      070         $75,262.09         $0.00      $75,262.09       $75,262.09

241         CRYSTEK CRYSTALS CORP.                  Unsec      070            $779.20         $0.00         $779.20          $779.20

------------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
=====================================================================
Claim #     Payee Name                                Funds Remaining
=====================================================================
<S>         <C>                                         <C>        
134         ANN MARIE McPARTLAND                        $1,053,212.48

135         ARTHUR ROBINSON & HEDDERWICKS               $1,008,200.33

136         LILCO                                       $1,001,832.26

137         GENERAL INDUSTRIAL TECHNOLOGIES INC           $978,570.90

141         TECHNILEASE CORP.                             $972,285.90

159         ISLAND VIDEO INC.                             $971,450.12

190         ZURICH INSURANCE CO.                          $964,342.45

193         NIKOLAS L. MASTRANGELO, ESQ. LTD.             $953,990.45

195         FUTURE ELECTRONICS CORP                       $949,026.04

199         ATLANTIC CITY COIN & SLOT SERVICE             $940,526.04

206         FIRST TRANSCAPITAL CORP.                      $915,526.04

207         FUNDEX CAPITAL CORP                           $725,128.08

208         HORN KAPLAN GOLDBERG GORNY & DANIELS          $721,001.01

210         SHEPHARD LANE                                 $686,001.01

211         VAN SEPLOW                                    $653,501.01

212         ARLAND PRINTING CO. INC.                      $647,973.51

222         OLIVETTI OFFICE, USA INC.                     $625,411.23

233         ARTHUR YORKES & COMPANY CPA'S                 $550,149.14

241         CRYSTEK CRYSTALS CORP.                        $549,369.94

---------------------------------------------------------------------
</TABLE>
<PAGE>   3

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
Case Number: 8-82-82273                                        Page 3                                          Date: August 12, 1998
Debtor Name: KENILWORTH SYSTEMS CORPORATION
====================================================================================================================================
Claim #     Payee Name                              Class   Priority         Amount     Paid to Date  Claim Balance    Proposed Pymt
====================================================================================================================================
<S>         <C>                                     <C>        <C>      <C>             <C>           <C>              <C>          
247         SEVEN ELEVEN TOURS INC                  Unsec      070          $6,806.00         $0.00       $6,806.00        $6,806.00

250         RON COMO & ASSOCIATES, INC.             Unsec      070         $37,178.80         $0.00      $37,178.80       $37,178.80

258         BARBARA ROSENTHAL                       Unsec      070         $61,550.00         $0.00      $61,550.00       $61,550.00

263         FRANK VENTRELLO                         Unsec      070          $6,709.36         $0.00       $6,709.36        $6,709.36

274         GREENBERG GLUSKER FIELDS ET. AL.        Unsec      070          $2,701.90         $0.00       $2,701.90        $2,701.90

310         ELAINE T. BERMAS                        Unsec      070            $809.98         $0.00         $809.98          $809.98

311         ELAINE T. BERMAS                        Unsec      070          $1,365.40         $0.00       $1,365.40        $1,365.40

317         ERIC W. GREENSPAN                       Unsec      070          $6,804.23         $0.00       $6,804.23        $6,804.23

324         SAEGER COMPUTERS INC.                   Unsec      070          $4,356.82         $0.00       $4,356.82        $4,356.82

329         WINDELS MARX DAVIES & IVES              Unsec      070         $68,823.24         $0.00      $68,823.24       $68,823.24

330         JUNE SHERMAN                            Unsec      070         $75,000.00         $0.00      $75,000.00       $75,000.00

336         BETTY SUE SVANDRLIK                     Unsec      070          $2,381.75         $0.00       $2,381.75        $2,381.75

337         KENNETH COOPERSTEIN                     Unsec      070         $20,000.00         $0.00      $20,000.00       $20,000.00

337         U.S. JUSTICE DEPARTMENT                 Unsec      070        $100,000.00         $0.00     $100,000.00      $100,000.00

342         JOYCE CLARK                             Unsec      070         $26,500.00         $0.00      $26,500.00       $26,500.00

348         GARY W. LANGE                           Unsec      070          $2,500.00         $0.00       $2,500.00        $2,500.00

354         MICHAEL SCHNEIDER                       Unsec      070          $2,229.84         $0.00       $2,229.84        $2,229.84

            CASHTEK CORP.                           Unsec      080              $0.00         $0.00           $0.00            $0.00

                                                                        ------------------------------------------------------------
       Subtotals For Class Unsecured   100.0000%                        $1,045,700.70         $0.00   $1,045,700.70    $1,045,700.70

------------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
====================================================================
Claim #     Payee Name                               Funds Remaining
====================================================================
<S>         <C>                                        <C>        
247         SEVEN ELEVEN TOURS INC                       $542,563.94

250         RON COMO & ASSOCIATES, INC.                  $505,385.14

258         BARBARA ROSENTHAL                            $443,835.14

263         FRANK VENTRELLO                              $437,125.78

274         GREENBERG GLUSKER FIELDS ET. AL.             $434,423.88

310         ELAINE T. BERMAS                             $433,613.90

311         ELAINE T. BERMAS                             $432,248.50

317         ERIC W. GREENSPAN                            $425,444.27

324         SAEGER COMPUTERS INC.                        $421,087.45

329         WINDELS MARX DAVIES & IVES                   $352,264.21

330         JUNE SHERMAN                                 $277,264.21

336         BETTY SUE SVANDRLIK                          $274,882.46

337         KENNETH COOPERSTEIN                          $254,882.46

337         U.S. JUSTICE DEPARTMENT                      $154,882.46

342         JOYCE CLARK                                  $128,382.46

348         GARY W. LANGE                                $125,882.46

354         MICHAEL SCHNEIDER                            $123,652.62

            CASHTEK CORP.                                $123,652.62

       Subtotals For Class Unsecured   100.0000%    

--------------------------------------------------------------------
</TABLE>
<PAGE>   4

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
Case Number: 8-82-82273                                        Page 4                                          Date: August 12, 1998
Debtor Name: KENILWORTH SYSTEMS CORPORATION
====================================================================================================================================
Claim #     Payee Name                              Class   Priority         Amount     Paid to Date  Claim Balance    Proposed Pymt
====================================================================================================================================
<S>                                                                     <C>             <C>           <C>              <C>          
     <<Totals>>                                                         $1,385,969.26   $331,245.59   $1,054,723.67    $1,054,723.67
====================================================================================================================================

<CAPTION>
===================================================================
Claim #     Payee Name                              Funds Remaining
===================================================================
<S>                                                   <C>        
     <<Totals>>                                         $123,652.62
===================================================================
</TABLE>

Proposed distribution is dependent on the Court's rulings on administrative
expenses, contest of claims, and/or objections made to this proposed
distribution.