Kanakaris Wireless Opens Office In Sweden To Enhance Technology And Digital Movie Delivery Relationships; Company Schedules Release Of Fiscal Year End Financials.Business Editors & High-Tech Writers 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.--(BUSINESS WIRE)--Dec. 31, 2001 Kanakaris Wireless (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :KKRW), which in 1995 changed the context of the Internet by delivering an entire movie with no download time and, in conjunction with ION Technology, was first online with several electronic text delivery breakthroughs, today announced that it is opening an office in Sweden next week (contact information will be posted under corporate info at www.AK.TV). In addition, the company is filing Form 12b-25 with the SEC today and will be filing Form 10-KSB for 2001 within 15 days. The combination of filings, upon their completion, will keep Kanakaris Wireless in full current compliance with SEC regulations. Kanakaris Wireless may release a preliminary overview of financials, in compliance with SEC guidelines guidelines, n.pl a set of standards, criteria, or specifications to be used or followed in the performance of certain tasks. , prior to the release of the Form 10-KSB. "Opening our presence in Stockholm, Sweden in January 2002 sets the stage for Kanakaris Wireless for a new year of revenue expansion opportunities," said 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. Alex Kanakaris. "We are going to be front-row center in the evolution of digital movie, TV and text delivery technology while we also expand the government/military presence of our Desience Mortar division and its command-and-control secure environments for using this type of technology," he added. Kanakaris Wireless will utilize both its AK.TV channel, which now has more than 250,000 world wide registered users and millions of page hits, and its Desience OPCON OPCON Operational Control OPCON Operation Control command-and-control systems to showcase its digital delivery technologies. The mission statement of Kanakaris Wireless is: Kanakaris Wireless provides Cyber+Mortar(TM) secure communication services that enable consumers, business and government/military to send, receive, store, replicate rep·li·cate v. 1. To duplicate, copy, reproduce, or repeat. 2. To reproduce or make an exact copy or copies of genetic material, a cell, or an organism. n. A repetition of an experiment or a procedure. , monitor and interact with rich media data, including video, audio, text, and mission-critical real-time telemetry real-time telemetry Cardiology A method that provides access to the measured performance, parameters, and detected signals of an implanted pacemaker–eg, lead impedance, battery voltage, marker channel, EKG. See Interrogation. . About Kanakaris Wireless Kanakaris Wireless Corporate Strategy 2002 is now available online (www.AK.TV, Corporate News). For more information on the wholly owned Desience division go to www.Desience.com. To watch AK.TV go to www.AK.TV with any Internet enabled device. For shareholder relations or to arrange news coverage contact Colby Marceau 949/716-9397. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement Under 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. With the exception of historical information, the matters discussed in this news release are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve a number of risk and uncertainties. The actual future results of Kanakaris Wireless could differ from those statements. Factors that could cause or contribute to such differences include, but are not limited to, the company's ability to obtain financing as the need arises, the overall state of the Internet and e-commerce industries and the data control console industry, economic conditions generally, the financial health of the company's customers, market acceptance of new product or service introductions by the company or its competitors, the timing of expenditures in anticipation of future sales, returns of the company's data control console products and the timing and nature of revenues from the company's Internet and e-commerce businesses and data control console product sales that are recognized during any particular quarter. The inclusion of forward-looking statements should not be regarded as a representation or guarantee by Kanakaris Wireless or any other person that the company's objectives or plans will be achieved. ION Technology is a registered trade mark. Note to Editors: Cyber+Mortar, CinemaWEAR, KANWIN and SuperBroadband are trademarks of Kanakaris Wireless. |
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