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Microcap & Penny Stocks : Kanakaris Communications, Inc. - KKRS
KKRS 18.06-0.8%3:50 PM EDT

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To: Mike Perras who wrote (6)8/31/1999 7:41:00 AM
From: Mike Perras  Read Replies (2) of 21
 
Tuesday August 31, 3:31 am Eastern Time

Company Press Release

SOURCE: Kanakaris Communications

Kanakaris Launches 18 Exclusive Full-Screen Movies to Showcase
Microsoft WindowsMedia Technology 4.0;

Webcast Outlines 1500 Man-Hour Effort to Implement Contracts with Microsoft, encoding.com and LMCI Communications
to Make Kanakaris #1 Internet Full-Screen, Full-Length Movie Web Site

NEW YORK, Aug. 31 /PRNewswire/ -- Kanakaris Communications, Inc. (OTC Bulletin Board: KKRS - news) launches its KKRS.Net entertainment web
portal's NetMovieMania with 18 full-length movies today bringing full-screen motion picture viewing to the Internet. The site is a showcase of technology
breakthroughs provided by Microsoft WindowsMedia 4.0.

Concurrent with the launch, Kanakaris is airing a webcast which outlines the 1500 man-hour effort being made which will see Kanakaris add about ten new
full-length, full-screen scalable movies every two to three days until KKRS.Net has an unprecedented 250 full-length, full-screen movies online in three to four
different delivery rates in Microsoft WindowsMedia 4.0 technology. The Company will continue to expand the web site thereafter.

Each film can be adjusted by the Internet viewer to cover up to the full computer monitor screen. For higher bandwidth users, the experience can approach TV
quality video and even better quality near-CD sound. All users can benefit from the larger screen capability.

In the webcast (www.kanakaris.com, www.NetBooks.com, www.KKRS.Net) , Darren Grimstead of encoding.com and Bryan Turbow, President and CEO of
LMCI Communications (OTC Bulletin Board: LMKI - news) explain the strategic relationships and roles which their respective companies are playing to make
Kanakaris the #1 provider of full-screen, full-length movies in WindowsMedia 4.0 Technology.

They also address developments in KKRS.Net delivery of music and e-commerce revenue.

The movies:

Movies which will be available today for viewing in full-screen, full-length version include ''Decameron Knights,'' ''Cyrano DeBergerac,'' ''His Girl Friday,''
''Mazes and Monsters,'' ''The Great St. Louis Train Robbery,'' ''Absolution,'' ''Call of the Wild,'' ''Abraxas,'' ''Fearless,'' ''Death Sentence,'' ''White Fang to
the Rescue'' and ''Keeping Track.'' Star listings for all 18 films can be found online at www.KKRS.Net.

The revenue:

Kanakaris is planning to sell online advertising, and to sell a monthly subscription which will provide 24-hour on-demand access to all movies and features of the
NetMovieMania portion of their web site. The Company is also planning a partner program for film producers and web sites.

The expansion of Kanakaris, including music content:

encoding.com is developing an OEM web site technology for Kanakaris which will allow musicians and record labels to directly post music to the Kanakaris web
sites which will be encoded in Microsoft WindowsMedia technology and will be playable in popular MP3 music players such as RIO.

Kanakaris is becoming a content partner to LMCI Communications, and LMCI will be syndicating Kanakaris online content to its clients.

The contracts:

Kanakaris has recently signed contracts with Microsoft (Nasdaq: MSFT - news; an Internet Content Provider Promotion Agreement), encoding.com, LMCI
Communications and ScreamingMedia.com, among others, to provide content, technology and promotion to its web sites. The intent of the contracts is described
in the Kanakaris web cast, and Kanakaris is planning further webcasts, several of which will be archived online, to provide interviews with representatives of the
respective companies to describe what they offer and how it benefits Kanakaris.

Further information on Kanakaris:

Kanakaris Communications 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.
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