BIG NEWS:
(KKRS) eConnect and Kanakaris Communications Form Alliance to Deliver Internet Cash Pay Per Play Downloadable Entertainment
LOS ANGELES, Oct 4, 1999 (BUSINESS WIRE) -- eConnect (OTC BB: ECNC) and
Kanakaris Communications (OTC BB: KKRS), fully reporting companies, have
entered into a strategic alliance to deliver an Internet Cash
Pay-Per-Play downloadable service.
Kanakaris Communications will deliver the streaming entertainment
including live pay per view webcasts utilizing Microsoft Windows Media
Technologies 4.0. eConnect will provide content suppliers with the
ability to be paid with Same-as-Cash(TM) ATM card with PIN payments or
enhanced credit card payments. Initial Beta tests are targeted for
November.
Kanakaris Communications announced last week that is is one of the
companies chosen by Microsoft as part of the Microsoft broad band
initiative to deliver broadcast quality content over the Internet.
It is the intent of eConnect and Kanakaris Communications to offer
Internet Cash Pay-Per-Play service to the entertainment and sports
community and other content providers. The usage of the eConnect ePIN
from home combined with the consumers ATM card and bank assigned PIN,
will provide content suppliers with Same-as-Cash payments with no
middleman.
"With streaming video and Internet Cash Pay- Per- Play, sports
promoters such as Boxing, could literally be paid cash by the consumer
with a small fee paid to Internet Cash Pay Per Play by the promoters.
This fee would be paid to Internet Cash Pay Per Play during the
transaction. No accounts receivable," stated Thomas S. Hughes, chairman
and CEO eConnect.
"With the partnership between Kanakaris Communications and eConnect,
all the elements are now in place for Internet Same-as-Cash payments
for major events ranging from Charity, Film, Sports and other
entertainment providers," stated Alex Kanakaris, CEO Kanakaris
Communications.
About eConnect:
eConnect is focused on delivering Internet Same-as-Cash payments
through the usage of simple home hardware and back end support
services. Same-as-Cash payments can be either ATM card with bank
assigned PIN or Smart card payments. eConnect is also focused on
providing services ranging from EzyShop for public self serviced Kiosk
shopping and Cash2Trade which is Same-as-Cash payments for Internet
brokerage firms. eConnect has developed proprietary hardware and bank
host services to support these transactions.
About Kanakaris Communications:
Kanakaris Communications Inc. is an emerging growth Internet company.
Kanakaris provides full-screen, full-length online motion pictures and
secure direct over-the-Internet book delivery at KKRS.Net, as part of
its eCommerce "World Downloadable Content Leader" package of services.
Kanakaris is publicly traded on the OTC Bulletin Board and in Germany.
For more information on Kanakaris (www.kanakaris.com) contact Colby
Marceau, 714/444-0560, 3303 Harbor Blvd. No. 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 the safe
harbor created by the Act. Such statements are subject to certain risks
and uncertainties, and actual results could differ materially from
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.
Copyright (C) 1999 Business Wire. All rights reserved.
Distributed via COMTEX.
CONTACT: International Investor Relations Group
407/865-9433 (November stock broker presentations)
or
eConnect
Carnegie Cooke or Anita Goldberg, 800/262-2331
www.e-connect.cc
www.ezyshop.cc
or
ET&T
Prima Capital, Elias, 800/600-8599
WEB PAGE: businesswire.com
GEOGRAPHY: CALIFORNIA
INDUSTRY CODE: INTERACTIVE/MULTIMEDIA/INTERNET
COMED
ENTERTAINMENT
COMPUTERS/ELECTRONICS
PRODUCT
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