Volume today already better 109500
More good news:
News article received, Monday, August 23, 1999 5:53:36 PM EST
LMCI COMMUNICATIONS TO PROVIDE BANDWIDTH FOR KANAKARIS AUGUST 30 WEBCAST AND BRYAN TURBOW TO BE ONE OF SEVERAL EXECUTIVES ANNOUNCING Relationships with Kanakaris; Developments in Direct Over-the-Internet Delivery of Motion Pictures To Be a Web Cast F
HOLLYWOOD, Calif., Aug 23, 1999 /PRNewswire via COMTEX/ -- LMCICommunications (OTC Bulletin Board: LMKI) will provide bandwidth for the Kanakaris Communications, Inc. (OTC Bulletin Board: KKRS) webcast on August 30 pertaining to online motion picture delivery and new Kanakaris alliances.
Bryan Turbow, President and Chief Technical Officer of LMCI, will joinCEO Alex Kanakaris to introduce a relationship between LMCI and Kanakaris pertaining to high bandwidth delivery of direct over-the-Internet motion pictures. Executives from several other firms are also expected to participate. The webcast will premiere at several web sites including www.KKRS.Net and will be archived for on-demand viewing for several days.
Kanakaris was recently featured in a Screen International cover story entitled "Distribution clicks for Internet mavericks." The story, written by editor-in-chief Colin Brown in New York and Adam Minns in London, states, "The point-and-click revolution is coming to independent film distribution... Just as in the distribution of recorded music and published books, the Internet is beginning to rewrite movie distribution rules, particularly for niche or obscure films that would otherwise be leftorphaned."
The success of the Blair Witch Project, which found a huge cult following on the Internet prior to its release and which is grossing over $50 million on a reported cost of $35,000 to make, has forever changed the importance of the Internet in film marketing. Kanakaris has set a precedent with its successful Online Movie Of The Week webcasts which are now in their eighth week.
Further information on LMCI: LMCI's Real Private Network(SM) service incorporates the speed and versatility of DSL (Digital Subscriber Line) technology with the wide geographical coverage of the Qwest Macro Capacity(SM) Fiber Network. By combining multiple connectivity options within a homogenous, managed network, business customers that do not yet have DSL available in their area can now take advantage of LMCI's RPN services through dedicated OC-n, T3, T1, ATM, frame relay, ISDN and dialup connectivity services. LMCI offers this service in over 500 cities throughout North America, and can accommodate users withas few as two locations to enterprises with thousands of satellite offices. Additionally, LMCI offers RPN services to companies that require telecommuters to work from home by Integrating DSL, ISDN and modem dialup services intoa completely private connection to the internal corporate data infrastructure.
LMCI Communications delivers broadband communications solutions including Internet access, voice and video services over a revolutionary national IP network to a wide spectrum of business customers. Additionally, LMCI offers application development, network integration and systems management services to businesses worldwide. Through strategic alliances and cost-effective network planning, LMCI provides unparalleled performance and service.
More information regarding LMCI Communications may be found at their website (http://www.lmci.net) or by sending e-mail to info@lmci.net. For sales or marketing inquiries, please send e-mail to sales@lmci.net.
Further information on Kanakaris: Kanakaris Communications is the home of KKRS.Net, an entertainment/ e-commerce web portal. Kanakaris delivers movies and books direct over-the-Internet and is publicly traded on the OTC Bulletin Board and in Germany. For further information on Kanakaris Communications (www.kanakaris.com), contact Colby Marceau, director of Public/Investor Relations, at 714/444-0560; fax: 714/549-8970; e-mail: info@kanakaris.com; 3303 Harbor Blvd., No. F-3, Costa Mesa, Calif. 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 ofthe Act and are subject to 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.
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