To: 2MAR$ who wrote (5946 ) 3/23/1999 10:14:00 AM From: Daniel Miller Read Replies (2) | Respond to of 9115
News on ABFG and KANA. Company Press Release Kanakaris Communications to Be Featured Before Greek-American Investment Community Amidst Greek Stock Market Fever Hellenic Radio To Interview CEO And Provide Internet Banners, Kanakaris Investigates Listing Opportunity On Greek Stock Exchange NEWPORT BEACH, Calif.--(BUSINESS WIRE)--March 23, 1999-- Kanakaris Communications Inc. (OTC BB:KANA - news) Tuesday announced that Hellenic Radio (www.hellenicradio.com) will feature an interview with its CEO Alex Kanakaris and will provide radio spots and Internet banner links promoting the Kanakaris worldwide webcast (noon Pacific Time on Wednesday, April 21, at www.cyberpop.com, www.kanakaris.com and other Web addresses) showcasing its web sites and technologies. The interview with Mr. Kanakaris, to occur during April, will be archived on-line for several days at www.kanakaris.com. ''Kanakaris is an Internet e-commerce company which is expanding its penetration through the use of radio and television as well as streaming audio/video web events such as our 3-hour web cast on April 21 at www.kanakaris.com,'' stated a Company spokesperson. The introduction of Kanakaris Communications to the Greek-American investment community comes amidst stock market fever in Greece. The Greek Stock Market is described as ''Europe's hottest trading floor and the world's No. 2 performer last year in terms of percentage increase,'' in a recent report carried by Associated Press. Nearly 1 million Greeks- about one-tenth of the population- are believed to own shares. ''We are a Company that plans to be grow its international foundation,'' stated CEO Alex Kanakaris. ''We are excited at the opportunity to become known in the Greek investment community. We receive e-mail correspondence from Company fans in Germany and look forward to increasing our Internet following among Greeks.'' Kanakaris Communications, Inc. is currently listed on the Frankfurt Stock Exchange and the OTC Bulletin Board. The Company is exploring the possibility of a listing on the Greek Stock Exchange and has a long-term goal of a listing on the NASDAQ Small-Cap, NASDAQ National Market or AMEX exchanges. (The Company does not currently meet the listing requirements of the aforementioned American exchanges, and there can be no assurance the Company will qualify for any of these additional market listings.) Kanakaris has proprietary online book technology which is available for free demonstration at the Kanakaris web site, www.NetBooks.com. The Company's on-line web cast on April 21 is part of a launch for the Internet LifeStyle Network which will sell products ranging from high-tech computer electronics to an Academy-Award winning star video collection. Among the products being featured for sale on television and online by Kanakaris is the Xybernaut MA IV (R) wearable computer by the Xybernaut Corporation (NASDAQ: XYBR - news), a specially created Pink Sapphire Collection from TheGemStore.Com, a site created by American Benefits Group (OTC BB: ABFG - news), as well as the Kanakaris proprietary Blonde Brut (R) and Platinum Blonde (R) sparkling wines. For further information on Hellenic Radio (www.hellenicradio.com), contact Niko Drakoulis, 708-583-8300, 2500 N. Harlem Ave., Elmwood Park, Illinois, 60707 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,'' ''intent 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. -------------------------------------------------------------------------------- Contact: Kanakaris Communications Colby Marceau, 714/444-0560 info@kanakaris.com www.kanakaris.com