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Microcap & Penny Stocks : KANA - undiscovered Internet Company! -- Ignore unavailable to you. Want to Upgrade?

To: Tadsamillionaire who wrote (1151)	7/9/1999 12:36:00 PM
From: LORD ERNIE	Read Replies (1) \| Respond to of 1268

News article received, Friday, July 09, 1999 12:32:25 PM EST KANAKARIS VIRTUAL THEATER OPENS WORLDWIDE ON INTERNET THIS WEEKEND; FIVE CLASSICS ANNOUNCED AS UPCOMING ONLINE MOVIES OF THE WEEK HOLLYWOOD, Calif., Jul 9, 1999 /PRNewswire via COMTEX/ -- Beginning Saturday, July 10th, Kanakaris Communications (OTC Bulletin Board: KANA) will open its Virtual Theater to present the free screening of an Online Movie Of The Week over the Internet. This Internet Movie Channel (www.kanakaris.com) is a breakthrough in content programming for the World Wide Web and is the first step toward CEO Alex Kanakaris's vision of high quality online movie delivery on demand. Vinton Cerf, founder of the Internet, said on a program featured on CNBC (as paid programming), that with oncoming advances in technology, "Alex will be able to dump his movies so fast they will go faster then real time. You'll be able to (receive over the Internet) a 2 hour movie in 10 minutes or less and then watch it at your leisure. "I think more important, and what I really resonate with Alex about, is the Internet is going to allow creative talent that never would have seen the light of day to become published and visible in this new electronic world," Mr. Cerf added. Initially, Kanakaris will show Online Movies of the Week for free, and each film will be available for purchase in a VHS or DVD copy. The Kanakaris plan is to eventually offer high quality delivery to a user's computer ofeach purchased film utilizing technology under development with a proprietary security aspect designated by Kanakaris. "The greatest film stars of the 20th Century will live on in the new millennium thanks to the Internet delivery of timeless classics by Kanakaris Communications," said George Atkinson, founding father of the Internet, winner of the VSDA Video Retailer of the Year and numerous other awards. Mr. Atkinson is the editor-in-chief of the Kanakaris movie web site. The site opens Saturday, July 10th with "Death Race 2000," a Roger Corman produced satire about a futuristic society starring David Carradine and Sylvester Stallone. Upcoming Online Movies of the Week, as announced todayby Kanakaris, include: -- "Vengeance Valley" (Western) starring Burt Lancaster -- "The Last Time I Saw Paris" (Drama) starring Elizabeth Taylor and Van Johnson -- "The Painted Hills" (Family), a Lassie movie -- "Mondo Cane" (Shockumentary), a cult classic with an Academy Award winning best song and unique multicultural perspectiveThe free versions will be available to anyone with Internet access, with no download time and no plug-in required. The Kanakaris Internet Movie Channel follows a tradition of innovation in the delivery of movies by the emerging-growth Internet company. In December 1995, Kanakaris delivered the very first full-length movie over the Internet with no download time. Further information on Kanakaris: 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. SOURCE Kanakaris Communications