Great News on KANA.. This stock will be going places
News May 21, 07:04 Eastern Time
ORLANDO, FLA. (May 21) BUSINESS WIRE -May 21, 1999--Kanakaris Communications Inc. (OTC BB: KANA) CEO Alex Kanakaris addressed
the Regional Investment Bankers Association Capital Conference and stirred excitement before the invited members of the financial community who
heard his opening presentation on May 20, 1999 at the Peabody Hotel in Orlando, Fla. RIBA will make available a video of Kanakaris comments --
in which he outlines the Kanakaris Communications Internet plan for online delivery of music, movies and books -- within one week, and the video
will be posted for free viewing at www.kanakaris.com.
"I've been attending RIBA events for ten years and I've never heard a more powerful presentation, or a live appearance which generated such
excitement in the financial community, as the presentation by CEO Alex Kanakaris at the opening of this RIBA conference," stated Alan Stone,
Managing Director of Alan Stone & Co. and Wall Street Research Solutions for Emerging Companies (www.wallst-research.com). Stone, a longtime
shareholder in Kanakaris Communications, announced that his firm would prepare a Wall Street Research report on Kanakaris and that all Wall
Street Research reports would be posted at the Kanakaris web site www.FSChannel.com.
Stuart Greenberg, President, RH Investment Corporation, Century City, Calif., told the RIBA audience, "If we could distill the energy, dedication,
intelligence, work ethic and creativity of Alex Kanakaris, that alone would make a great IPO. We look forward to introducing the Kanakaris
Communications Internet story to the financial world."
Following the Kanakaris appearance, A.L. "Bud" Byrnes III, CEO-Partner, RH Investment Corporation, stated, "We anticipate participating in
Kanakaris future financing plans to bring additional capital to Kanakaris, and it was exciting to see in person the powerful story of this undiscovered
Internet company and hear Mr. Kanakaris eloquently describe his plan to use proprietary technology and marketing to emerge as the world
downloadable leader." Byrne also spoke of the strong capital base of RH Investment Corporation, a member NASD, SIPC, CA, PSA. An
engagement letter between the firm and Kanakaris Communications, Inc., will be prepared within one week according to both RH Investment
Corporation and Kanakaris Communications, Inc.
"On behalf of the Board of Directors and the entire RIBA membership, I welcome Kanakaris Communications, Inc. to our Florida Capital
Conference. We appreciate that you have chosen our forum for your capital formation needs and communication with the brokerage community.
Your audience will be comprised of RIBA member firm principals from around the country. These individuals are the decision makers of their firms.
They are here to discover new product for their retail brokers and offerings to participate in," stated Jeffrey Adduci, President, Regional Investment
Bankers Association.
Kanakaris Communications, Inc. is one of approximately 39 companies sponsored to appear at the RIBA Capital Conference, May 20-22, in
Orlando, Fla. Kanakaris Communications is scheduled to make three 20-minute breakout presentations on May 21-22 following their opening
remarks. CEO Kanakaris is joined on the presentations by Kanakaris Director Jill Thomas, developer of proprietary technology for the Kanakaris
web sites.
RIBA was organized in June 1994 as a national association of regional and independent broker-dealer and investment banking firms seeking to
improve conditions in their industry, to strengthen the free-enterprise system, and to provide a vital source of information and education to its
members, client companies, and the investing public.
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, 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," "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.
Regional Investment Bankers Association is not responsible for either the accuracy or reliability of information communicated by presenting
company management during the course of the RIBA conference nor does it support or endorse the views expressed by the conference guest
speakers. The distribution of corporate profiles are summaries of information provided to RIBA by representatives of each presenting company and
are intended for informational purposes only. The views and content expressed by guest speakers are similarly intended for informational purposes
only and do not necessarily express the views held by Regional Investment Bankers Association.
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