And an other good newsrelease:
News article received, Wednesday, August 25, 1999 5:17:28 PM EST
ADVERTISING LEGEND JAY CHIAT TO APPEAR IN ONLINE INTERVIEW AS KANAKARIS BECOMES CONTENT PROVIDER AND NEWS SOURCE FOR SCREAMINGMEDIA
HOLLYWOOD, Calif., Aug 25, 1999 /PRNewswire via COMTEX/ -- Kanakaris Communications, Inc. (OTC Bulletin Board: KKRS) will be featuring an interview with advertising legend Jay Chiat in WindowsMedia 4.0 streaming audio/video online within the next 14 days. Mr. Chiat will be interviewed by CEO Alex Kanakaris about the state-of-the-Internet for the WebWatch portion of the KKRS.Net web portal.
Kanakaris is also set to announce a relationship with ScreamingMedia, for which Mr. Chiat is serving as Acting CEO, as part of its August 30 webcast pertaining to online delivery of motion pictures. ScreamingMedia will be providing Kanakaris websites with daily news coverage on four areas pertaining to Kanakaris downloadable content, and Kanakaris will become a content provider to ScreamingMedia. Kanakaris will derive income from its content which is sold by ScreamingMedia to other web sites, and will useScreaming Media content to drive repeat visitors to KKRS.Net in order to enhance the value of advertising on Kanakaris web sites. Kanakaris has signed a Content Partner agreement with ScreamingMedia.
"We are honored both to discuss the future of the Internet with legendary innovator Jay Chiat and to begin a relationship with ScreamingMedia, oneof the most exciting companies on the Internet content scene," stated CEOAlexKanakaris.
Jay Chiat had been chairman of Chiat/Day, the advertising agency knownfor campaigns for Apple Computer, Energizer and Nissan among others. Mr.Chiat was an innovator in the creation of what is now known as the virtual office.
The Wall Street Journal reported that ScreamingMedia supplies news tosuch major outposts as America Online and is backed by such investors as James Robinson, former chief executive of American Express, Inc. The New York Times reports other investors include Regis McKenna, president of McKenna Group, a management consulting firm in Palo Alto, CA; Kevin O'Conner, chairman and chief executive of Double Click in New York.
ScreamingMedia has become known in New York's Silicon Alley for its Content Engine and SiteWare technology. The Content Engine searches 50, 000 plus articles from the world's moist respected news wires each day and extracts only those items that meet a customer's profiles. SiteWare is at two-way communication network that delivers content in a "ready to use" format for virtually any client application.
Each profile or filter has a deliverable location to a particular server. News items that match filters can be instantly published online through the ScreamingMedia SiteWare Server in real time, or sent to editors for editorial pass-through using the Editor's Desk software.
Kanakaris will be receiving news from ScreamingMedia pertaining to movies, books, music and the Internet. Kanakaris will be providing ScreamingMedia with news content pertaining to Los Angeles popular culture and the Internet life style, as well as other areas to be determined.
The interview with Mr. Chiat will be posted at www.KKRS.Net within 14days for on demand viewing in the Windows MediaPlayer. The original interview will be prepared in several delivery speed configurations by encoding.com and bandwidth for the webcast will be proved by LMCI Communications.
Further information on ScreamingMedia: Further information on ScreamingMedia, based in New York's Information Technology Center, may be obtained at 212-809-0077 or at www.screamingmnedia.net.
Further information on Kanakaris: Kanakaris has set a precedent with its successful Online Movie Of TheWeek webcasts and secure ION online book delivery technology at NetBooks.com.
Kanakaris Communications is publicly traded on the OTC Bulletin Boardand 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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