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To: Daniel Miller who wrote (1981)	2/25/1999 12:55:00 PM
From: dreamer	Respond to of 9115

I was worried about that no news situation.

To: Daniel Miller who wrote (1981)	2/25/1999 12:56:00 PM
From: CPM	Respond to of 9115

Kanakaris Announces $5 Million Line of Credit to Pursue Internet Opportunities Alliance Equities Inc. Provides Kanakaris With Support for its Internet LifeStyle eCommerce Development NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Feb. 25, 1999-- Kanakaris Communications Inc. (OTC BB:KANA) Thursday announced the receipt of a $5 million line of credit from Alliance Equities Inc., a Florida-based venture capital firm, to pursue current Internet opportunities, eCommerce development, and a possible stock buy back program. Richard Epstein, president of Alliance Equities, stated: ''We are very excited to be involved with Kanakaris. We are providing Kanakaris with the funding needed to explore various current Internet opportunities, including the start-up of the Internet LifeStyle Network which will be a groundbreaking eCommerce Web site including auctions of specialty items. Kanakaris will also explore a possible stock buy back program.'' Alex Kanakaris, chief executive officer of Kanakaris Communications, stated that the relationship with Alliance ''Will jump start the company's efforts with our Internet LifeStyle Network Web site, and allow us to explore the possibility of a stock buy back program, as well as other expansion and opportunities on behalf of our shareholders.'' A Memorandum of Understanding was signed with a definitive agreement scheduled to follow within seven days. The line of credit is immediately available to Kanakaris, according to Alliance Equities. Kanakaris Communications is 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, 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 discussions, 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. Contact: Kanakaris Communications, Costa Mesa Colby Marceau, 714/444-0560 info@kanakaris.com More Quotes and News: Kanakaris Communications Inc (OTC BB:KANA - news) Related News Categories: computers, internet