Kanakaris Media Blitz Hits Barron's, CNN.Com, Hollywood Reporter As Company Seeks #1 Position in Online Movie Creation and Distribution Following Reported Possible Demise of DEN
HOLLYWOOD, Calif., May 19, 2000 /PRNewswire via COMTEX/ -- Kanakaris
Communications, Inc. (OTC Bulletin Board: KKRS), the world's leader in Internet
distribution of full-length motion pictures in multiple bandwidths, is
aggressively seeking recognition as the #1 creator and distributor of film
content on the Internet. Their bold move comes as it was reported that one of
Kanakaris' competitors in entertainment convergence, DEN, is in jeopardy of
going out of business.
In both news stories and paid advertisements, Kanakaris has embarked on a media
blitz which has seen coverage in the past week in leading information sources
such as Barron's (paid press release profiles), CNN.Com (link in an editorial
story about online movies) and the Hollywood Reporter (full page ad touting
CinemaPop.com and the Magnificent World Of Movies).
"We are proud to see Kanakaris strengthening its leadership role as the virtual
box office for the 21st Century. We believe strongly in the Kanakaris business
model of advertising, subscription and pay-per-view. This is coupled with top
management and a consolidated company with 25 years of experience. We believe
Kanakaris is a leader which can take advantage of dot com fallout while
appealing to a vast worldwide audience," said Richard Epstein, Alliance
Equities. Alliance Equities maintains a stock position in Kanakaris.
About Kanakaris Communications:
Kanakaris Communications specializes in the direct delivery of entertainment
content over the Internet. Its web sites include www.CinemaPop.com, which offers
Hollywood feature films in streaming video, www.CineManiaNetwork.com, which
offers Spanish language feature films, and www.NetBooks.com, which offers a wide
range of digital-format books.
For information on Kanakaris Communications (www.kanakaris.com) contact:
Investor Relations: Colby Marceau, 714-444-0560, 3303 Harbor Blvd. #F-3, Costa
Mesa, CA 92626.
This news release contains forward-looking statements within the meaning of The
Private Securities Litigation Reform Act of 1995 (the "Act"). In particular when
used in the preceding discussion, the words "plan," "confident that," "believe,"
"expect," "intend to," and similar conditional expressions are intended to
identify forward-looking statements within the meaning of the Act and are
subject to risks and uncertainties, and actual results could differ materially
form those expressed in any forward-looking statements. Such risks and
uncertainties include, but are not limited to, market conditions, competitive
factors, the ability to successfully complete additional financings, and other
risks.
SOURCE Kanakaris Communications, Inc.
CONTACT: Investors, Colby Marceau of Kanakaris Communications, Inc.,
714-444-0560
/Company News On-Call: prnewswire.com or fax,
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URL: netbooks.com
cinemapop.com
cinemanianetwork.com
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