Kanakaris Launches 18 Exclusive Full-Screen Movies To Showcase Microsoft WindowsMedia Technology 4.0.NEW YORK--(BUSINESS WIRE)--Aug. 30, 1999-- Webcast Outlines 1500 Man-Hour Effort To Implement Contracts With Microsoft, encoding.com and LMCI LMCI Lockheed Martin Canada Inc. Communications To Make Kanakaris No. 1 Internet Full-Screen, Full-Length Movie Web Site Kanakaris Communications, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:KKRS) launches its KKRS.Net entertainment web portal's NetMovieMania with 18 full-length movies today bringing full-screen motion picture viewing to the Internet. The site is a showcase of technology breakthroughs provided by Microsoft WindowsMedia 4.0. Concurrent with the launch, Kanakaris is airing a webcast which outlines the 1500 man-hour effort being made which will see Kanakaris add about ten new full-length, full-screen scalable movies every two to three days until KKRS.Net has an unprecedented 250 full-length, full-screen movies online in three to four different delivery rates in Microsoft WindowsMedia 4.0 technology. The Company will continue to expand the web site thereafter. Each film can be adjusted by the Internet viewer to cover up to the full computer monitor screen. For higher bandwidth users, the experience can approach tv quality video and even better quality near-CD sound. All users can benefit from the larger screen capability. In the webcast (www.kanakaris.com, www.NetBooks.com, www.KKRS.Net), Darren Grimstead of encoding.com and Bryan Turbow, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of LMCI Communications (OTC BB:LMKI) explain the strategic relationships and roles which their respective companies are playing to make Kanakaris the No. 1 provider of full-screen, full-length movies in WindowsMedia 4.0 Technology. They also address developments in KKRS.Net delivery of music and e-commerce revenue. The movies: Movies which will be available today for viewing in full-screen, full-length version include Decameron Knights, Cyrano DeBergerac, His Girl Friday girl Friday n. Informal An efficient and faithful woman aide or employee. [girl + (man) Friday.] Noun 1. , Mazes and Monsters, The Great St. Louis Train Robbery Train robbery was a type of robbery, in which the goal was to steal any money being delivered as cargo on trains. Trains carrying payroll shipments were for this reason a major target. , Absolution absolution In Christianity, a pronouncement of forgiveness of sins made to a person who has repented. This rite is based on the forgiveness that Jesus extended to sinners during his ministry. , Call of the Wild, Abraxas, Fearless, Death Sentence, White Fang to the Rescue and Keeping Track. Star listings for all 18 films can be found online at www.KKRS.Net The revenue: Kanakaris is planning to sell online advertising, and to sell a monthly subscription which will provide 24-hour on-demand access to all movies and features of the NetMovieMania portion of their web site. The Company is also planning a partner program for film producers and web sites. The expansion of Kanakaris, including music content: encoding.com is developing an OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and web site technology for Kanakaris which will allow musicians and record labels to directly post music to the Kanakaris web sites which will be encoded in Microsoft WindowsMedia technology and will be playable in popular MP3 music players such as RIO. Kanakaris is becoming a content partner to LMCI Communications, and LMCI will be syndicating Kanakaris online content to its clients. The contracts: Kanakaris has recently signed contracts with Microsoft (an Internet Content Provider See content provider. Promotion Agreement), encoding.com, LMCI Communications and ScreamingMedia.com, among others, to provide content, technology and promotion to its web sites. The intent of the contracts is described in the Kanakaris web cast, and Kanakaris is planning further webcasts, several of which will be archived online, to provide interviews with representatives of the respective companies to describe what they offer and how it benefits Kanakaris. Further information on Kanakaris: Kanakaris Communications is publicly traded on the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. and in Germany. 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 Costa Mesa (kŏs`tə mā`sə), city (1990 pop. 96,357), Orange co., S Calif., on the Pacific south of Santa Ana; inc. 1953. It is a transportation, residential, and light industrial center. , Calif. 92626. Note to Editors: Microsoft and Windows Media Technologies See Windows Media. 4.0 are registered trademarks of the Microsoft Corp. This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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 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. |
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