MINDEN, Nev., April 22, 2003 (PRIMEZONE) -- Kingdom Ventures, Inc. (OTCBB:KDMV), a rapidly growing church development company, announced today that its Chief Executive Officer, Gene Jackson, has been interviewed by CEOcast, the premier source of original and syndicated streaming broadcast interviews of Chief Executive Officers of public and private news-making companies. Today's other top interviews include ITG (NYSE:ITG), eResearchTechnology, Inc. (Nasdaq:ERES) and International Multifoods (NYSE:IMC). For more information, visit www.ceocast.com.
Earlier today, Kingdom Ventures announced it has completely redesigned and re-launched iExalt.com, one of the leading Christian web portals in the U.S. iExalt.com is one of the most visited Christian web sites in the U.S. with between 250,000 and one million unique visitors per month.
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.
CEOcast is the premier source of original and syndicated streaming broadcast interviews of Chief Executive Officers of public and private news-making companies. Organized by industry, its analysts average over 15 years experience covering and evaluating Wall Street's leading companies
CEOcast's programming is distributed to millions of on-line investors at over 700 financial web sites as well as to more than 20,000 portfolio managers, buy-side analysts and traders at more than 3,300 North American institutions. Content is also disseminated to over 7,000 investment research professionals representing over 425 institutions. All content is copyrighted to protect the company's licensing partners.
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.