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To: RCJIII who wrote (33226)2/26/1999 3:01:00 PM
From: Blitz  Respond to of 34592
 
MAJOR KANA NEWS!!! TIME WARNER DEAL!

(BSNS WIRE) Kanakaris Closes First Deal With Time Warner Telecom for Pro
Kanakaris Closes First Deal With Time Warner Telecom for Proprietary Computer
Command Opcon System


Business Editors and High-Tech Writers

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Feb. 26, 1999--Kanakaris
Communications Inc. (OTC BB:KANA) Friday announced it has closed its
first sale with Time Warner Telecom for its proprietary computer
command Opcon system.
The purchase order from Time Warner Telecom was received on
Feb. 26, 1999.
"We hope this is the beginning of a long and fruitful
relationship with Time Warner Telecom for the delivery of our
ergonomic, proprietary Opcon enclosure system. It also marks a new
push to bring our wholly owned Desience division's hardware fixtures
into the offices of the future," stated Chief Executive Officer Alex
Kanakaris.
The Kanakaris/Desience installation will be performed at Time
Warner Telecom, 120th East 23rd Street, New York, N.Y. The 25 year old
Kanakaris division Desience is an originator of modular console
enclosures for high-end computer systems.
"The mass utilization of the Internet and intranet by government
agencies and Fortune 500 companies presents an expansive new
opportunity for the next generation of our Opcon system," stated
Kanakaris.
Kanakaris Communications is a publicly traded company on the OTC
Bulletin Board and the Frankfurt Stock Exchange. The company is a
leader in the technology and delivery of donwloadable and "Read Only"
content on the Internet.
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 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.

--30--RMS/np*

CONTACT: Kanakaris Communications Inc., Costa Mesa
Colby Marceau, 714/444-0560
Fax: 714-549-8970
E-mail: info@kanakaris.com

KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: PUBLISHING COMPUTERS/ELECTRONICS COMED PRODUCT
INTERACTIVE/MULTIMEDIA/INTERNET
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: businesswire.com




*** end of story ***



To: RCJIII who wrote (33226)2/26/1999 3:07:00 PM
From: Lawrence Burg  Read Replies (1) | Respond to of 34592
 
Excellent day. Nice little breakout. Should fit in well with the ongoing TA trends. Light volume since this morning is a little disappointing, but considering it's the best volume day since December, and it's all above 1 5/8, I'd say the overall market perception is bullish.



To: RCJIII who wrote (33226)3/1/1999 10:36:00 AM
From: blake roberts  Read Replies (3) | Respond to of 34592
 
IMNI news, GREAT, 70k volume, no sells, small float, going to pop.

Friday February 26, 8:05 pm Eastern Time

Company Press Release

AutoSmart USA Opens America's First Internet New Car Showroom At
Wholesale Prices

IMNI and AUTOSMART USA have changed the game . . .

JERSEY CITY, N.J.--(BUSINESS WIRE)--Feb. 26, 1999-- AutoSmart USA, Inc. a division of Interactive Multimedia Network, Inc., (OTC BB: IMNI - news)
offers a unique concept for car and truck buyers. The opportunity to purchase or lease the new car or truck of their choice for as low as 2% over factory invoice.

The AutoSmart USA web site ( www.autosmartusa.com ) having recently gone online and with the construction of their first walk-in Internet new car showroom in
the South Florida market almost finished; (the paint is still wet), AutoSmart USA has jumped to the front of the line with new car and truck sales. The pending sales
awaiting credit approval from the first week have a gross retail value of more than $400,000.

As one of the world's first full-service Internet web sites devoted to the retail sale of cars, light trucks, SUV's and vehicle accessories, www.autosmartusa.com will
allow a consumer to directly purchase a new vehicle without any of the haggling or hassle historically associated with the car-buying process. Consumers can go to
autosmartusa.com and with the click of their mouse, the process begins to secure the lowest possible price for the new car or truck with the specific options
requested and then proceed to finalize the sale including financing and leasing within minutes.

There are currently thousands of leads pouring into the marketing offices of IMNI from prime exposure in IMNI's premier family Internet web site:
www.shop-the-net.com, which has been online for almost five years and sells products and services worldwide. Leads are also coming in from animated Internet
banners being seen on major web sites and the registration of www.autosmartusa.com to all search engines, directories and news groups that support the net.

The major thrust of their marketing effort will begin early next month with the broadcast of the first interactive TV home shopping variety show featuring AutoSmart
USA. This will be seen beginning in South Florida on ABC, UPN, WB, FOX, TCI Cable and others, before being rolled out to the rest of the country. IMNI wants
to take advantage of the Tri-County market, specifically Dade, Broward and Palm Beach counties, served by the walk-in location, which ties directly into the
potential viewing audience for the TV show of approximately five million consumers.

IMNI has also developed an Associates Program designed to boost the Internet exposure of AutoSmart USA by placing a hyper-linked icon in potentially
thousands of web sites across the web. This program is similar to those utilized by many of the retail Internet sites that have become household words all across
America such as Amazon.com, www.amazon.com, (AMZN), and Music Boulevard, www.musicboulevard.com This associates program will pay the linked web
site a commission for each car or truck that is sold based on tracking information. There are currently hundreds of web sites that are on a waiting list to begin their
association with AutoSmart USA. The program has been offered on a limited basis but will explode onto the net by mid-second quarter.

To support the traffic coming to the AutoSmart USA web site, IMNI has configured a Sun Microsystems Unix-based Internet server that can process in excess of
one million registrations per day.

Safe Harbor Disclosure - This Press Release contains or incorporates by reference ''forward-looking statements,'' including certain information with respect to plans
and strategies of Interactive Multimedia Network, Inc. and AutoSmart USA, Inc. For this purpose, any statements contained herein or incorporated herein by
reference that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the forgoing, the words ''believe(s),''
''anticipate(s),'' ''plan(s),'' ''expect(s)'' and similar expressions are intended to identify forward-looking statements. There are a number of important factors that
could cause actual events or actual results of IMNI to differ materially from these indicated by such forward-looking statements.

Contact:

Interactive Multimedia Network, Inc., Jersey City
William J. Auletta, 800/373.8667
or
e-mail: imnet@shop-the-net.com