MINDEN, Nev., April 22, 2003 (PRIMEZONE) -- Kingdom Ventures, Inc. (OTCBB:KDMV), a rapidly growing church development company, announced today that iExalt.com -- one of the most visited Christian web portals in the U.S. -- has been completely redesigned and re-launched. Kingdom acquired iExalt, Inc.'s online media properties last month, consisting of over 50 domains including the highly popular iExalt.com, which has received between 250,000 and one million unique visitors per month.
The new iExalt.com aims at becoming a one-stop shop for Christians. There is something for everyone. The content in the news section is produced by some of the leading news organizations in the world, including mainstream media such as The New York Times (NYSE:NYT) or Associated Press, or by leading Christian news sources such as Worthy News. And, the new shopping mall at www.iexaltmall.com is like a mini-Amazon.com (Nasdaq:AMZN) for Christians and has hundreds of products including Christian apparel, children's books, bible software, gift items, books, music and videos.
"Other sections of the site include a separate portal for families, with information and entertainment for the whole family; a section for church leaders where they can receive help in preparing a sermon, learn more about continuing education, or just receive creative and new ideas for their Sunday school; an online community where you can chat with thousands of other Christians around the world; and, a Christian directory with links to more than 1,200 churches, 45,000 denominations, 335 prayer sites, 32 Christian employment organizations and over 3,100 Christian music sites, and much more," Gene Jackson, President and Chief Executive Officer of Kingdom Ventures, Inc.
In addition to being a great resource for Christians, the new iExalt.com is becoming a profit center for Kingdom Ventures. Instead of viewing the use of the media as a cost that is needed to market products and services, Kingdom Ventures can now consider the media a revenue-generating profit center.
"Through the new iExalt.com, our products subsidiaries such as Kingdom Gifts can now extend their reach and become powerful e-tailers. Kingdom Gifts is the premier inspirational gift company for the faith-based community, providing a one-stop shop for apparel, biblical collectibles, books, software, candles, scents, inspirational items, jewelry, videos, CDs and cassettes. Kingdom Gifts markets its products through fundraisers on behalf of non-profit organizations and now directly to Christians around the world through iExaltMall.com," says Gene Jackson, President and Chief Executive Officer of Kingdom Ventures, Inc.
Kingdom Ventures is a publicly traded church development company. Its common stock trades on the OTCBB under the ticker symbol KDMV. 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.