Kanakaris to Appear at Equities Conference in New York, June 3-4, With CNBC/Dow Jones Business Video Interview of CEO and Market Movers In Attendance

Business Wire, June 2, 1999

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--June 2, 1999--

Kanakaris Communications, Inc. (OTC BB:KANA), an emerging-growth Internet company involved in downloadable books, movies and music, will be presenting its corporate strategy at Equities Magazine's 48th Anniversary Corporate Conference being held June 3-4 in New York City.

The Company invites media members, analysts, portfolio managers, bankers, market makers, and the investment community to meet CEO Alex Kanakaris and Jill Thomas, Kanakaris Director and developer of technology, and discuss the outlook for the Company's growth plans and pioneering approach to direct downloadable delivery of books, music and movies.

CEO Kanakaris will be interviewed for ten minutes by CNBC/Dow Jones Business Video during the event (this interview will be available online at www.CNBCDowJones.com and the Equities web site), and a summary of his presentation will appear in an upcoming edition of Equities Magazine. Equities Magazine has also invited its exclusive list of "market movers" (professionals who have proven performance in picking the right securities) and the Equities Corporate Conference Advisory Board to hear the Kanakaris presentations.

"We are always delighted when 'tomorrow' companies present. Kanakaris Communications, with its proprietary high-tech direct downloading technology and groundbreaking use of web broadcasting, is a perfect opportunity to introduce at the Equities Conference," stated Robert J. Flaherty, President, Equities Magazine. Flaherty, a Magna Laude graduate in economics from Harvard College (1955) and an M.B.A. with Distinction in Finance from Harvard Business School (1961), spent 20 years at Forbes Magazine where he wrote hundreds of articles including 33 cover stories.

Flaherty's award-winning Equities Magazine, a monthly periodical focusing on emerging growth companies, sponsors the Equities Conference. The New York Conference begins Thursday June 3rd with a cocktail party to be held at 7:00 p.m. at the Morgan Williams restaurant, located at One Exchange Plaza, and continues all day Friday June 4th at the Manhatten Seaport Suites Hotel, located at 129 Front Street (near Wall Street). CEO Alex Kanakaris and Company associates will make six corporate presentations, beginning at 9:00 a.m., throughout the day, including a special "Meet the CEO" lunch at 12:45 in the Company's suite.

Kanakaris Communications is publicly traded on the OTC Bulletin Board 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, 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," "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.