More NEWS during the weekend:
News article received, Friday, April 09, 1999 5:28:36 PM EST
Kanakaris Approved By Standard & Poor's Editorial Board For Full Description In S&P Standard Corporation Records
NEWPORT BEACH, CALIF. (April 9) BUSINESS WIRE -April 9, 1999--
Emerging Growth Internet Company Now Qualifies For "Blue Sky" In Approximately 40 States
Kanakaris Communications Inc. (OTC Bulletin Board: KANA) announced that it has been approved by the Standard & Poor's Editorial Board for a full description in the F-K volume of S&P's Standard Corporate Records. An initial description of the company will be published in the S&P Daily News Section in three business days from the approval date of April 8, 1999. The Standard & Poor's listing will provide Kanakaris Communications, Inc. with "Blue Sky" trading privileges in approximately 40 states.
"It is exciting to enlarge the number of brokers who will be able to facilitate potential orders from qualified individual investors and financial institutions for Kanakaris stock, and to significantly enhance the base of information about the Company before the financial community," stated CEO Alex Kanakaris.
As a part of the Standard & Poor's Market Access Program, Kanakaris will also have coverage on the Standard & Poor's Internet Site (www.advisorinsight.com), S&P Marketscope and the S&P Stock Guide database.
Kanakaris Communications is publicly traded on the OTC Bulletin Board and the Frankfurt Stock Exchange. 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," "intent 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 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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