NEWS JUST OUT: KANA
Applies to: KANA)
Kanakaris Announces Breakthrough Net Book Technology: Downloadable
Book, Music, and Motion Picture Alliances With Veterans Including the
Founding Father of Home Video
NEW YORK (Jan. 28) BUSINESS WIRE -Jan. 28, 1999--
GoGoliath.Com and WearableBooks.com Among New Kanakaris Domains
Kanakaris Communications Inc. (OTC BB: KANA) announced several
alliances to build its Internet focused business in 1999, during a live
Web cast from the World Trade Center on Jan. 27.
These include: -- Jill Thomas, chief executive officer of ION
Systems Inc., announced the introduction of a new secure online e-book
technology (immediately available at the Kanakaris Web site
www.NetBooks.com). The technology provides "an exclusive for the
missing link in Internet information -- protection of intellectual
copyright." Kanakaris, according to Thomas, has "an exclusive option
from ION to license the technology, will jointly promote the benefits
as well as obtain content from established publishing houses,
individual authors and manual publishers." -- Steven Newman, vice
chairman of Xybernaut Corp., announced that Kanakaris and Xybernaut
will jointly own a site called WearableBooks.com providing content for
wearable computers, and that a further relationship between the
companies will be developed. -- Russ Regan, a music industry
executive who has been involved with artists ranging from Elton John to
Neil Diamond as well as current rap and new age music, announced he is
president of a new wholly-owned music subsidiary, Entertainment
Partners Inc. The Kanakaris division will develop RapAmerica.com online
radio and Cyberpop.com, downloadable music site. The new division will
create proprietary music content and has also signed a letter of intent
to acquire Ground Level Music, a distributor with $2 million in annual
revenues. -- George Atkinson, the founding father of home video,
announced he is president of a Kanakaris motion picture Web site in
development, GoGoliath.Com, with nine DVD titles immediately available
and a goal of directly delivering motion pictures online. Atkinson
conceived and implemented the idea of renting videocassettes in 1977,
established the first major videostore chain (Video Staztion with over
600 locations) and was awarded "Video Man Of The Year" (1981), "Video
Retailer of the Year" (1982) and inducted in the Video Hall of Fame. He
pointed out a personal working relationship with Chief Executive
Officer Alex Kanakaris going back 20 years, and feels the Internet
opportunity "may be even bigger than home video." Kanakaris delivered
the first full-length motion picture with no download time over the
Internet in 1995, in conjunction with Xing technology. -- Beryl
Wolk, producer of over 1,000 infomercials and a world leading
entrepreneur, announced an alliance with Kanakaris to build massive Web
traffic to Kanakaris Web sites. -- Ian Fulton, a real estate
industry veteran, announced an alliance with Kanakaris to create online
home selling sites.
TECHNOLOGY
The breakthrough proprietary downloadable text technology announced by
Kanakaris and technology creator ION Systems is now being demonstrated
on the Kanakaris Web site www.NetBooks.com. H.L. Perry's "Legacy of
War" and H.G. Wells' "War of the Worlds" are currently online. Among
the highlights of the new technology: -- The publisher determines
the security level and price for their documents. -- Readers can
read online in a never-before-seen format which allows readers to
control the font size -- up to 1 1/2 inches tall. Text never scrolls.
Pages turn. Columns resize dynamically based on monitor and font size.
-- The publisher can allow purchasers to read their document offline
in a Windows or Mac downloadable format. -- Documents can be of any
length and have unlimited graphic capabilities. -- Full body content
searching is standard. -- Internal and external hyperlinking as well
as an automatically built-in table of contents. -- Documents can be
created using three simple codes from any word processor or existing
HTML code can be converted.
An archived version of the Web cast is now online and accessible from
www.kanakaris.com and www.NetBooks.com. A transcript, in both text and
secure technology formats, is scheduled to go online Thursday from the
same access point.
Kanakaris Communications develops both proprietary and designer Web
sites focusing on the direct downloadability of content. It also
creates the proprietary OPCON Module System of high-end computer
command enclosures through its Desience division. The latter system is
employed by NASA's Goddard Space Flight Center in Greenbelt, Md.
For further information on Kanakaris Communications
(www.kanakaris.com), contact Alex Kanakaris at 714/444-0560; fax:
949/760-3865; 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 the safe
harbor created by the Act. Such statements are subject to certain 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.
-0- JV/np* KM/np
CONTACT: Kanakaris Communications Inc.
Alex Kanakaris, 714/444-0560
Fax: 949/760-3865
E-mail: info@kanakaris.com
Web: www.kanakaris.com
KEYWORD: CALIFORNIA NEW YORK
INDUSTRY KEYWORD: INTERACTIVE/MULTIMEDIA/INTERNET
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