MINDEN, Nev., April 17, 2003 (PRIMEZONE) -- Kingdom Ventures, Inc. (OTCBB:KDMV), a rapidly growing church development company, announced today it has retained FOCUS Partners LLC of New York City to act as Kingdom Ventures' investor relations counsel.
"FOCUS Partners has been retained to enhance Kingdom Ventures' investor relations function and to increase our visibility within the financial community. The hiring of FOCUS is the first step in a series of corporate initiatives intended to increase investor awareness of the Company's inherent investment qualities," says Gene Jackson, Chairman and Chief Executive Officer.
"We feel it is important that we keep our shareholders and the financial community well informed, and to ensure that we maintain clear and constant lines of communication. FOCUS Partners' experience and track record will provide Kingdom Ventures with a comprehensive investor communications program, focused on developing stronger relationships with current shareholders and others in the investment community," states Jackson.
FOCUS Partners, www.focuspartners.com, is a proactive financial investor relations and corporate advisory firm focused on providing emerging companies with timely and actionable guidance within the financial marketplace. FOCUS Partners' services include developing comprehensive investor relations programs directed at the financial community, to create and sustain shareholder value, broaden the existing investor base and to manage expectations toward corporate developments.
Kingdom Ventures helps faith-based organizations streamline their operations, raise additional money through various fund-raising activities or simply provide technological solutions that transform small and medium-sized churches into state-of-the-art presentation centers. The company helps churches focus on their core mission -- reaching people for God -- by focusing on its core business: helping churches and their people grow.
There are approximately 400,000 Protestant churches in the U.S. alone. 94% of them have fewer than 1,000 active members, and therefore limited financial resources to effectively manage the business side of their operations. Christian organizations' total budgets are measured in billions of dollars. 89% of American households give to charities an average of $1,600+ a year, and religious organizations receive 60% of it. In addition, religious and inspirational products are selling at a pace of $5.6 billion annually (source: Christian Retailing Magazine).
Within less than three years, Kingdom Ventures has built a distribution network for Christian products, consisting of 2,100+ retail stores; 1,200 Christian bookstores and 900 gift stores. It has also established strong business relationships with hundreds of Christian organizations and performed over 750 fundraising events -- helping churches and other Christian organizations grow.
For more information, visit http://www.kdmvcorp.com. To sign up for shareholder alerts, visit http://www.kdmvcorp.com/ir_shareholderalerts.htm.
All statements other than statements of historical fact included in this press release are "forward-looking statements." The forward-looking statements, including statements about the company's future expectations, including future revenues and earnings, and all other forward-looking statements (i.e., future operational results and sales) are subject to assumptions and beliefs based on current information known to the company and factors that are subject to uncertainties, risk and other influences, which are outside the company's control, and may yield results differing materially from those anticipated.