Full service Hi-Tide Media tells employees it’s over and closes doors after 10 years of operation

The loss of a large duplication contract to another company might have been the catalyst for Hi-Tide’s abrupt closing Friday, June 15.

A shocked staff of editors, video duplicators, producers and salesmen were let go by president Michael Kakoyiannis Friday morning, without any warning of the 10-year old company’s imminent demise.

While Kakoyiannis led the company, its actual ownership remains rather murky and the company allegedly was incorporated offshore.

In 1997, George Colias purchased 45-year old Cinema Video, a highly respected company that specialized in multi-format duplication and editing, and the five story building purchased from Cinema Video at 211 E. Grand Ave.

Colias, who reputedly made millions through the sale of a local radio station he had owned, put his nephews, Achilles and Aristotle Koranis, in charge. At some point the name was changed to Hi-Tide Media.

The company also operated MCI Mobility, a research company that had seven-figure contracts with Phillip Morris and other tobacco companies.

Hi-Tide billed itself as a full-service facility offering services tht ranged from from advertising and promotion to video production, editing, design, and distribution and duplication.

The facility boasted a 2,500-sq. ft. sound stage, four HD editing suites with Avid Adrenalines, a Nitrous and a Final Cut Pro, DVD authoring, a ProTools audio suite and a 2,000-sq. ft. duplication center.

Kakoyiannis did not return the Reel’s phone call.