Webcast This Thursday To Give Latest Details And Follow-Up On AK.TV, Global Interactive TV Channel, Kanakaris Wireless August 17 Launch CEO Sets Stage For
Launch Of Interactive Channel And CinemaWEAR Technology
COSTA MESA, Calif., Aug 8, 2001 (BUSINESS WIRE) -- Kanakaris Wireless (OTCBB: KKRS) CEO Alex Kanakaris will address viewers and shareholders regarding the launch of AK.TV and utilization of proprietary CinemaWEAR technology to
reach audiences with devices ranging from Pocket PCs to TVs. A webcast, followed by a click-and-view version and transcript, will air at 1 PM PDT, 4 PM EDT this Thursday at www.AK.TV. Kanakaris will be joined by employees and associates to provide updates on announced details of interactive, multi-platform TV type
channel.
"Our mission is to disprove skeptics who question our vision of the future of technology and content delivery," said CEO Alex Kanakaris. "In December 1995, when we successfully delivered the first full-length movie with no download time
over the Internet, there were those who couldn't understand the need for a new movie delivery system.
"Later we delivered books electronically with the ability to resize type, search by word or phrase, and there were those who questioned the need to push the boundaries of publishing.
"These developments pale by comparison with the wireless interactive TV type
channel we have created, AK.TV. Once again, those who are blind to change and
base their lives on criticism are writing off Kanakaris Wireless.
"There are no guarantees when you lead and innovate, but I'm putting my name on
the belief that 200,000 registered users (approximately, to CinemaPop.com),
viewers in over 100 countries (to CinemaPop.com), and an international cult
following can't be wrong. AK.TV and our CinemaWEAR technology are what we live
and breathe and I personally look forward to selling the sponsorships, products,
and interactive commerce that this combination offers."
"I also intend to debate skeptics who would rather see a company wallow in the
past or become one of the 500 failed Internet company statistics rather than
pursue a post-Internet technology and content vision," he added.
"Everyone is entitled to their opinion, and not everyone is well informed on
what young people like, but we will prosecute anyone who maliciously states
incorrect information about the company, in online chat rooms or elsewhere, in
an effort to decrease shareholder value," he added.
"Finally, we are making sure that everyone who is a member of the Kanakaris
team, in any capacity, can deliver 110% or they don't have a future with us," he
concluded. "I'm especially proud of those employees who have known and worked
with me for many years, because they are what brings the substance to our
vision," Mr. Kanakaris concluded.
"Once AK.TV officially launches, I will be able to communicate to our viewers
and shareholders live (remotely, from any location), whenever I want, with
special bulletins. This should keep our skeptics (and any underachievers) in
check and on their toes," Mr. Kanakaris proclaimed.
About Kanakaris Wireless
As previously announced in press releases:
1) AK.TV: This is the first global, interactive TV channel
viewable in devices including Pocket PCs, laptop and desktop
computers, and TVs. The official launch date is August 17 and
there is an ongoing Beta test at www.AK.TV. An embedded video
player automatically shows video content. There is a program
guide, a linked shopping cart with pop culture products
(orders fulfilled by partners), movies on demand, books on
demand, and one-to-one video chat (not all features are yet
active, but most will be by launch date). All a consumer needs
to watch is Internet connectivity, wired or wireless. The user
selects connection speed, including a special feed for Pocket
PCs. We are offering enhancement products, including low cost
wired, wireless and card connections which enable watching
AK.TV on a conventional TV. Our content launch includes over
500 movies and features.
2) CinemaWEAR(TM): This is our proprietary encoding software
which enables high quality video delivery over any Internet
connection, including to Pocket PC. We will be making this
technology available to consumers and business in several
ways. CinemaWEAR-In-A-Box will be a stand-alone product which
lets individuals save, encode and upload to the Internet
video, including greetings, home movies, etc. CinemaWEAR will
be for sale by direct download over the Internet. CinemaWEAR
will be bundled in consumer products. We will utilize
CinemaWEAR to encode video for business customers (with an
encoding setup at our Costa Mesa, CA office location).
Kanakaris Wireless products are designed to generate revenue in the following
ways:
1) Consumer and business sales revenue for CinemaWEAR
2) Pay-per-view for Movies and orders for Print-on-Demand Books
(orders for books fulfilled by Ricoh Business Systems)
3) Sale of products linked to AK.TV with shopping cart (orders
fulfilled by partners, including Collectible Concepts)
4) Ad placement on partnered web sites
5) Ad sponsorships
6) Content and technology licensing
To view the Kanakaris online movie web site, utilizing the Kanakaris
CinemaWEAR(TM) encoding process, go to www.CinemaPOP.com. For corporate
information go to www.KanakarisWireless.com and click on corporate info. For
shareholder relations or to arrange press coverage contact Colby Marceau
714/444-0560.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of
1995.
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