Akoo.com Launches a Series of Online Film Festivals; Internet Entertainment Network Debuts Full-Length Feature Films on its Website.

Business Editors, Entertainment Writers

ELMWOOD PARK, Ill.--(BUSINESS WIRE)--July 21, 2000

Akoo.com today announced it is launching a series of online film festivals at www.akoo.com, marking the debut of full-length feature films on the Internet entertainment network's website.

Partnering with MovieFlix.com, a leading broadband movie provider on the Web, akoo.com first presents the "Mammoth Mutant Monster Fest" through the month of August, which includes seven films ranging from the 1930's through the mid-1970's. These include Secret of the Loch (1934), Giant Gila Monster (1959), Son of Godzilla (1966) and Godzilla vs. Megalon  (1976).

During the month of September, akoo.com will present a "Vintage Cartoon Festival," featuring a selection of Betty Boop, Felix the Cat and Gumby cartoons. The cartoon festival is followed by the "Cult Horror Classics Marathon" during the month of October, featuring gruesome favorites such as Romero's Night of the Living Dead and Murnau's 1922 vampire classic, Nosferatu. All films are free and will be archived on akoo.com's website for six months.

"We are excited to provide akoo.com with the ability to add full-length video to their digital broadband network," said Opher Mizrahi, chairman and CEO of MovieFlix.com. "Not only does it further enrich akoo.com's compelling movie offering, it broadens our footprint on the Web and gives greater brand recognition."

About MovieFlix

MovieFlix.com is a leading broadband movie provider on the Web. Founded in 1998 by Opher Mizrahi and Robert Moskovits, MovieFlix.com, a privately held company based in Los Angeles, CA, has developed and maintains a library of full-length movies, short films, independent films, and television shows available over the Internet via streaming video technology from the MovieFlix website at www.MovieFlix.com. The entire library is currently available free to any user who registers providing basic demographic information.

About Akoo.com

Akoo.com is an Internet entertainment network that combines a comprehensive selection of audio and video content with proprietary technology that simplifies and automates Internet broadcasting. Founded in 1999, the company is based in Elmwood Park, Ill.

Akoo.com's website at http://www.akoo.com features programming from more than 4,000 worldwide radio and television stations, several thousand music videos, movie trailers and full-length feature films, additional audio/video programming in numerous categories, including news, sports, television and business and the Radio Akoo network comprised of nine, commercial free digital music channels.

To enhance this broad range of content, akoo.com features proprietary technology to simplify and enhance the online experience, including a search engine for Internet broadcasting, a scheduling capability that allows users to build customized playlists and the akoo dial, which manages playlists and automates the entire online experience.

In August 2000, akoo.com also introduces Kima, wireless consumer technology that sends audio from a PC to any home stereo or portable radio system within 1,000 feet.