Distributor of Japanese Animated Movies, Including Popular Pokemon VideoSeries, Forms Alliance With Kanakaris
SyCoNet.com Grants Kanakaris Exclusive Online Book and Film Distribution
Rights to Anime Films and Books
MANASSAS, Va., Nov. 1 /PRNewswire/ -- SyCoNet.com, Inc. (OTC Bulletin Board: SYCD), the leading U.S. distributor of Anime (Japanese Animated) videos and DVD's, today announced it has formed an alliance with Kanakaris Communications, Inc. (OTC Bulletin Board: KKRS), to license and distribute Anime Films and Books for exclusive direct over-the-Internet delivery. Kanakaris will offer the books at NetBooks.com with secure proprietary technology, and the animated videos at NetMovieMania.com with Microsoft Windows Media Technology.
"The alliance of Kanakaris and SyCoNet.com means that some of the most popular animated videos and books in the world today will be available for the first time over the Internet. Thanks to Kanakaris' popular and secure website delivery, we intend to offer all of our properties, building on the audience base generated by Pokemon (R)," stated Sy Picon, CEO of SyCoNet.com.
"SyCoNet.com and Kanakaris will share revenue which will potentially include advertising, monthly subscriptions and individual pay-per-view related to these properties," Mr. Picon added.
The SyCoNet.com and Kanakaris Communications alliance occurs at a time when short film features are emerging as a popular form of delivery. Anime soundtracks are a $500 million market in Japan. Imports to the Untied States are premium priced at over $30 per soundtrack, and represent approximately $15-18 million in annual sales. Anime books represent significant additional annual sales.
The films will be viewed in full screen video and audio and the books will be viewed with several enhanced features, with links from the Kanakaris entertainment web portal site, www.KKRS.Net.
More information on SyCoNet.com
SyCoNet.com Inc. formerly SyCoDistribution Inc., distributes Anime Japanese animated movies, including the enormously popular Pokemon (R) video series, live action cult films, multimedia games and software, DVD's, CD's, toys apparel, and related merchandise to over 1,000 wholesale and retail accounts nationwide through two high traffic websites, a catalog, and direct sales campaign.
About Kanakaris Communications, Inc.:
Kanakaris provides full-screen, full-length online motion pictures and secure direct over-the-Internet book delivery at the KKRS.NetWork (www.KKRS.net), as part of its eCommerce "World Downloadable Content Leader" package of services.
For further information on Kanakaris Communications (OTC Bulletin Board: KKRS - news) and (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 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, Inc.
CO: Kanakaris Communications, Inc.; SyCoNet.com, Inc.
ST: Virginia, California
IN: MLM ENT
SU: LIC
11/01/1999 08:03 EST prnewswire.com |
