KKRS/LMKI news...
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(COMTEX) B: 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, 1999 /PRNewswire via COMTEX/ -- Kanakaris
Communications, Inc. (OTC Bulletin Board: KKRS) 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) 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)(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.
Microsoft and Windows Media Technologies 4.0 are registered trademarks
of the Microsoft Corp.
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 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.
SOURCE Kanakaris Communications
(C) 1999 PR Newswire. All rights reserved.
prnewswire.com -0-
CONTACT: Colby Marceau, director of Public/Investor Relations of
Kanakaris Communications, 714-444-0560, fax: 714-549-8970,
info@kanakaris.com
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