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This stock and company looks like it could take off big.
Once the word is out I can see that double or triple also.
Where do you find a company as solid as this one is and with the potential.
Holding tight and buying more.
Sounds like this company is getting the people behind it to make this company grow fast.
Those guys have tons of experience in the industry and it always the key people that make a company go.
Cant wait to hear more about this company.
Go Starcom.......
Looks like this company is off to a fast start.
Im in for a few shares.
With the low float this thing could take off big.
I am amazed at the level of negative speculation on this board.
Most are speaking and posting about PURE speculation!
Those of you who listen to the negative or positive speculation need to make your own decisions and not buy into whats posted here. There are agendas.
About Recent postings:
Im sure someone here called Cooper and knows the real story.
Speculation !!!! Call Didnt happen
Im sure someone here called Dr. Propp and knows the real story.
Pure speculation !!! Call Didnt happen
No one here knows what we have and how it works in specifics. All I know is that ADN does and they are with us through contract and alliance.
My speculation is positive; speculation and DD that tells me this is real. Extensive and costly DD.
I thank you for the opportunity to pick up such cheap shares.
I will be rewarded for my patience and my investment.
Dont sell your shares based on the rantings of people who have no idea what NVEI is doing.
By the way, I own 1% of a company that has proved to be very lucrative. Wish I owned 20%!
That being said, 20% of the tech can equal 90% of profits. Some here dont get that principle.
Im still here and i am going to Score Big with RIM !!!!!
Score
News for Step Into Liquid;
Information from the company today which came from Artisan:
Please tune in to the following program on behalf of Artisan Entertainment and Step Into Liquid.
Fox 54321
Thursday, July 10, 2003
Fox Sports Net
Premiere of Step Into Liquid Theatrical Trailer
5:00pm PST/EST
*Trailer will premeire at end of show. Release date will be chyroned.
Cam
Ive heard these guys are a shorting outfit.
Can anyone confirm what I heard.
Cam
News....
Interested in Becoming a Christian Times Publishing Partner? Visit the New Christian Times Section on Kingdom Ventures' Website
MINDEN, Nev.--(BUSINESS WIRE)--June 19, 2003--Kingdom Ventures, Inc. (OTCBB:KDMV), a rapidly growing church development company, announced today that it has launched a separate Christian Times section on its website to streamline the number of Christian Times related inquiries.
Kingdom Ventures announced on Monday that it was planning to aggressively increase the number of markets where Christian Times -- the nation's largest regional Christian newspaper -- will be published. In its press release, the company also encouraged all parties interested in becoming Christian Times publishing partners to contact Kingdom Ventures immediately.
"In just a few days, we received an overwhelming amount of inquiries from Christian movers and shakers. In order to streamline this process, we have now launched a separate Christian Times section on our website. You can learn more about our Christian Times operation at http://www.kdmvcorp.com/ct/default.htm. If you are interested in joining forces, please fill out a contact form at http://www.kdmvcorp.com/ct/join.htm," says Gene Jackson, President and Chief Executive Officer of Kingdom Ventures, Inc.
Christian Times currently has a monthly circulation of 300,000+ copies through more than 6,000 churches and Christian retail outlets. It is an eight-time award winner with the Evangelical Press Association and a two-time Angel Award winner. Christian Times is also widely recognized as one of the leading Christian newspapers nationwide.
Kingdom Ventures recently acquired an exclusive trade name and trademark license for all markets where Christian Times is not yet published. Kingdom Ventures also has an option to acquire eight existing Christian Times publications that Kingdom does not yet operate within 36 months.
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 on Kingdom Ventures, visit http://www.kdmvcorp.com.
To sign up for shareholder alerts, visit http://www.kdmvcorp.com/ir_shareholderalerts.htm.
To learn more about Christian Times, visit http://www.christiantimes.com
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.
CONTACT: FOCUS Partners, LLC (For Kingdom Ventures)
David Zazoff, 212/752-9445
kdmv@focuspartners.com
ir@kdmvcorp.com
or
Kingdom Ventures, Inc.
Gene Jackson, 800/839-2506 or 775/267-2242
ChristianTimes@kdmvcorp.com
News....Kingdom Ventures Becomes Exclusive Distributor for PastorPreneur -- Receives Support from George W. Bush and John C. Maxwell
MINDEN, Nev.--(BUSINESS WIRE)--June 18, 2003--Kingdom Ventures, Inc. (OTCBB:KDMV), a rapidly growing church development company, announced today it has obtained exclusive distribution rights for PastorPreneur, the new book from John Jackson, President of VisionQuest Ministries and Pastor of Carson Valley Christian Center. PastorPreneur will be available early July and could hit the shelves of major booksellers such as Barnes & Noble (NYSE:BKS) and Borders (NYSE:BGP) later this fall.
"PastorPreneur is an ideal book for pastors and Christian business leaders. It will equip them to become effective leaders for the faith community. It will provide them with entrepreneurial strategies to reach their community, invite others to invest in their dream, and capture God's heart for reaching people. This book is for pastors, church leaders, business leaders in the faith community and people of faith everywhere,' says John Jackson, the author.
The initial feedback for PastorPreneur has been extremely positive. The book is clearly in keeping with the Faith Based Initiative of President, George W. Bush, who is quoted on the back cover of the book.
"I hope that every faith-based group in America, the social entrepreneurs... understand that this government respects your work. We want you to follow your heart. We want you to do the works of kindness and mercy you are called upon to do," stated President Bush.
When outlining the key elements of his faith-based initiative, Bush said: "No government policy can put hope in people's hearts or a sense of purpose in people's lives. That is done when someone, some good soul puts an arm around a neighbor and says, God loves you, and I love, and you can count on us both. And we find that powerful spirit of compassion in faith-based and community groups across our nation: People giving shelter to the homeless; providing safety for battered women; giving care and comfort to AIDS victims; bringing companionship to lonely seniors." (for more information, visit http://www.whitehouse.gov/news/releases/2002/12/20021212-3.html)
"This is exactly what PastorPreneur teaches leaders to do. By introducing well-proven business-driven strategies, churches could dramatically improve their positive influence in our society. PastorPreneur teaches what Kingdom Ventures already does. Our goal is to become the leading church development company in the world by helping faith-based organizations and churches focus on their core mission -- reaching people for God -- by focusing on its core business: helping churches and their people grow.
According to John Maxwell, a best selling Christian author and founder of the INJOY Group, an organization dedicated to helping people maximize their personal and leadership potential, "If you're thinking your way through developing a new church or being an agent for change in your present ministry, PastorPreneur is worth reading. John Jackson knows what he's talking about because he's lived it."
About John Jackson
John Jackson is the president of VisionQuest Ministries. He is the founder and Senior Pastor of Carson Valley Christian Center in Nevada. The church was launched in February 1998, and has become a model for planting a 'High Impact Church'. Carson Valley Christian Center has over 1,500 members in worship in three services each weekend. This is remarkable considering that there are only 100,000 people within 30 miles and only 5% of the people in the surrounding area attend church.
John Jackson has formerly served as Executive Minister of the American Baptist Churches of the Pacific Southwest where he headed a mission staff supporting and encouraging the ministries of 270 churches located in four Western states. During his four year tenure in the late 1990's, baptisms doubled in the churches of the region.
About Kingdom Ventures
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 on Kingdom Ventures, visit http://www.kdmvcorp.com.
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.
CONTACT: FOCUS Partners, LLC (for Kingdom Ventures)
David Zazoff, 212/752-9445
kdmv@focuspartners.com
ir@kdmvcorp.com
or
Kingdom Ventures, Inc.
Gene Jackson, 800/839-2506 or 775/267-2242
PastorPreneur@kdmvcorp.com
Spoke, No other explaining needed just wanted to know..... and I agree the Infineon chipset is relevant. How familiar are you with it?
But...My opinion is that Embarg chip still excels above the Infineon chip and as you put it....
Furthermore, if I am actually wrong about this, then I will admit it freely and apologize profusely. However, I do not think that I am wrong.
Besides that....just because there MAYBE competition from Infineon and I stress MAYBE competition, that does'nt mean there is'nt a market for Embarg. I could be mistaken....but I think im right on this.
There are countless companies that dwell in the same market and they all make good money. That being said I dont understand the frustration here, shall we call it "the sky is falling" attitude without proper documentation of what the competition has.
IFX traded at around 6.75 a share at first of March when this news was out first as reported in an earlier post. It now trades about 50-60% higher. Not a large gain for a revolutionary chip wouldnt you think, but a nice gain.
One year ago this stock traded at appx $18. That doesnt show me alot of strength from IFX shareholders.
I remain confident in this company, NVEI, to produce a product that the shareholders will attain equity growth with.
I am still a buyer of the stock.
Cam
Sooooooo....Spoke
If your selling out why do you continue to post here????
Just wanted to know.
Cam
News.... The Leading Regional Christian Newspaper Goes Nationwide; Kingdom Ventures to Expand Christian Times to 100+ Markets by 2004
MINDEN, Nev.--(BUSINESS WIRE)--June 16, 2003--Kingdom Ventures, Inc. (OTCBB:KDMV), a rapidly growing church development company, announced today its growth strategy for the nation's largest regional Christian newspaper, Christian Times. Christian Times currently has a monthly circulation of 300,000+ copies through more than 6,000 churches and Christian retail outlets. It is an eight-time award winner with the Evangelical Press Association and a two-time Angel Award winner. Christian Times is also widely recognized as one of the leading Christian newspapers nationwide.
The Christian Times is delivered free of charge in bulk amounts to hundreds of locations in each regional zone. Its primary locations are Evangelical and mainline Protestant churches and Christian bookstores.
"We plan to aggressively increase the number of markets Christian Times will be published. Our goal is to launch 100+ regional editions nationwide by the end of 2004. We plan to accomplish this by selling Christian Times licensing rights to local businesses interested in becoming our publishing partners. This is not only the least capital intensive approach for rapid expansion, but also a way to provide opportunities for local Christian entrepreneurs wanting to build a solid publishing business. If you are interested in being part of Christian Times' growth, please contact us immediately," says Gene Jackson, President and Chief Executive Officer of Kingdom Ventures, Inc.
Kingdom Ventures recently acquired an exclusive trade name and trademark license for all markets where Christian Times is not yet published. Kingdom Ventures has also an option to acquire eight existing Christian Times publications that Kingdom does not yet operate within 36 months.
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 on Kingdom Ventures, visit http://www.kdmvcorp.com.
To sign up for shareholder alerts, visit http://www.kdmvcorp.com/ir_shareholderalerts.htm.
To learn more about Christian Times, visit http://www.christiantimes.com
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.
CONTACT: FOCUS Partners, LLC (For Kingdom Ventures)
David Zazoff, 212/752-9445
kdmv@focuspartners.com
ir@kdmvcorp.com
or
Kingdom Ventures, Inc.
800/839-2506 Toll Free
Gene Jackson
ChristianTimes@kdmvcorp.com
775/267-2242 Office
775/267-2661 Fax
.
Very good news today.
Also, very good points Ex in your previous posts.
The company's sales revenues increased to $1.1 million in the first quarter from $583,000 the year earlier, representing an increase of 89%.
Got to like this statement from the PR
These numbers reflect our commitment to becoming the leading church development company in the U.S. They do not reflect, however, the significant progress we have made during the second quarter, as detailed in our prior press releases. The initiatives we have launched in the past two months started generating additional revenues only at the end of the second quarter," says Gene Jackson, president and chief executive officer of Kingdom Ventures.
Hmmmmmm wonder what treasures the 2nd quarter has to offer.
Go KDMV
Cam
Spoke you said,
"SIL is not being released on hi-def DVD"
what is your source for that statement?
If microsoft licensed a "promotional clip" for Hi Def DVD then I guess the filming would have to be in Hi Def wouldn't it?
You are correct NV has not come out with a Hi Def DVD at this time, but two weeks ago they hadn't even come "out" with a movie that was sold, now they have.
Just wondering what your source was for the statement above,
you also said
"there has been no statement that I know of that it will be hi-def"
Groove just made a statement from a corporate exec., so there is a statement. And that corp exec was involved on location in the shooting of SIL. Are you calling him a liar?
and you said
"and the release will probably not happen until next summer."
Is this your opinion or do you know something?
Thx in advance.
Cam
Good News,
Glad to see KV still moving ahead full speed.
Woooohoooooooo
Cam
Presidents letter copy Go NVEI
Friday, June 6th, 2003
A Personal Dispatch from SuperComm
To the Shareholders of New Visual
I would like to talk to you today in a way that I have never done before. This is a personal note to you on the week that I spent at SUPERCOMM, which is the Super Bowl of the telecommunications industry.
For 16 years, SUPERCOMM has been the single most important industry event that lets you see what is - and what will be. It is the premier annual communications and information technology exhibition and conference. It's like Comdex, for those of you in the computer industry, only larger.
Tens of thousands of communications leaders from around the world attended SUPERCOMM 2003 because they know it is the efficient way to gain insight and information on critical issues that will impact them for years to come. Some companies put up elaborate booths and Vegas-style musical presentations, and others slap a poster behind a table, and man it with a tired salesperson. The best conversations go down at invitation-only receptions, private meeting rooms and out-of-the-way hotel suites.
Like most industries, business transactions flow along business relationships. I have been building relationships for almost twenty years in this business, and it's great to see that as I have risen in the ranks, so have my friends. There is a trust there that says, "when we were struggling together, I trusted you then. Now you're the President, and I trust you now." My personal database of contacts in this industry has over 2,300 names, titles and phone numbers - many of them home numbers. In the rare, unscheduled moments this week I could literally stand in the intersection of two rows of booths, and every three or four minutes an old friend would walk up. Besides the delight in reconnecting, all of us shareholders are delighted when he turns out to be the new SVP of Global Sales for one of our target customers.
There is no doubt that telecom is coming back. I saw many more telco personnel than in the last two years, and these are the folks who ultimately pump fresh dollars into the vendor community. There were far more Asians than before, reflecting the overwhelming amount of spending on chips and network elements in that part of the world. Some of the vendors are posting truly remarkable upticks in revenues and profits, all signs of new confidence and optimism. This bodes well for New Visual. Our semiconductor will be launched into this new era of profits, and profits mean a new era of risk-taking and trying out new ideas. We've got the hottest new idea out there, and buyers are newly receptive.
The reception that folks gave me was remarkable. Our supply chain looks like this:
Now, the specific companies in that chart are not necessarily those with whom we are in discussions - though some of them are - but are instead indicative of how this industry is wired together. I was looking for weakness in this chain, in other words, which link is weak enough that it could stop us from selling lots of product? Well, I didn't find the weakness, because there doesn't appear to be any. One of the systems manufacturers said, "we're definitely looking for the next big chip, and we hadn't seen it here until we talked to you."
There are lots of reasons why we are getting a high level of interest, and one of the most important is the collapse of the international standards. VDSL was supposed to be the next low-cost, standardized, high-volume way that telcos would drive video on copper lines. Well, the standards bodies are struggling to remain relevant, and there is a new openness to innovative, non-standard technologies like ours.
Now that the industry consolidation has sort of run its course, these manufacturers and service providers are desperate to differentiate themselves from one another. In other words, cut out from the pack and offer a service to businesses and homes that is truly different - either cheaper, or faster, or better, or hopefully, all three. Because we have developed a highly differentiated product, people are eating it up. "So, Brad, when are you going to bring your guys around to show us the chip?" demanded one Chief Technology Officer of a telephone company.
One lunch appointment really sums up how people are feeling about us. I arranged to meet for lunch with the Director DSL Services for one of the US's largest telcos, and also with the VP Engineering of one of this telco's suppliers (who will hopefully be one of our customers). This Director is doing the long-range planning for his company's entry into video. "Oh yeah, we definitely want to get more into video," he said, "because we've got to compete with the cable companies." He turned to the equipment manufacturer VP, and said, "you guys could do it for us. So when are you gonna put video capabilities into your box?" The VP said, "Well, that's really up to Brad. The chip guys have to come through." I said, "I'm building it as fast as I can. You're going to love it when we're done." The telco guy then turned to the equipment guy and said, "get it on with NVC. Now that I know it's coming, we'll be looking for it on your gear." The equipment guy concluded the conversation with, "yeah, we're all over it. Can't wait for that FPGA, Brad!"
By the way, the only negative comments the whole week surrounded our name. People just do not get the name "New Visual". The Marketing Director of a software company said, "OK, so you're going to do just video, right? No? Then why have you put yourself in the 'video' box? You've got to get out of it, Brad!" He is so right. "New Visual" will be limiting. And also, it doesn't sound like a chip company. I think that we will have to consider adopting a new name in the future. And we need a name with "Semiconductor" in it so that people know what it is that we do!
So, what about the competition? Nothing exciting to report. "Here I am, coming to SUPERCOMM for the third year in a row with the exact same chip," lamented the head of sales for one of our competitors (and a personal friend). It's more of the same from the established players. And the new entrants, like us, either have folded (Voyan), or came out with "me-too" products (You Know Who You Are). I found one new start-up that I had not heard of before, and they are pursuing a method of putting high-speed signals on copper that I am convinced is a dead-end street. So, if there's strong customer openness, and weak competition, then what is standing in our way?
You knew that I would come to finances eventually. About half of my time at the show was spent with money guys. I opened up a new dialog with a major European equipment manufacturer (their new head is a former customer of mine), and with an Indian investment firm. I am still confident that one of these deals, or the other deals that we are pursuing, will close. My confidence comes from statements like that made by an Asian equipment manufacturer. "What you guys are doing is so important. Don't lose faith, don't lose focus. Don't give it away to the first guy that comes in with ten million dollars unless he gives you want you want." Shareholders, I'm not going to.
This is a long dispatch, and I want to sum it up for you. The industry is growing again, companies are ready to take a risk again, we have a highly differentiated and sought-after product, the competition isn't showing up, and we are close to getting the cash that we need to make it all a reality. I am more excited than ever before, and I am glad that you, my shareholder, are on the journey with me.
Warm regards,
Brad Ketch
President and CEO
News....Kingdom Ventures Files 8-K with the SEC - Total Assets Now Exceed $6 Million
MINDEN, Nev.--(BUSINESS WIRE)--May 27, 2003--Kingdom Ventures (OTCBB:KDMV), a rapidly growing church development company, announced today that it has filed the Form 8-K Current Report with the Securities and Exchange commission. According to the 8-K, Kingdom Connect, Inc. (KCI), a wholly-owned subsidiary of Kingdom Ventures, Inc. has entered into a contract with YourNetPlus.com, Inc. providing for the prepayment of the set up, development, maintenance and service fees associated with 5,000 private label websites to be offered to Kingdom's church clients. As consideration for the contract, the KCI subsidiary has issued one million of its Series A Preferred Stock to YourNetPlus.com.
The contract has been reflected on the balance sheet of KCI as a prepaid expense with a value of $5 million which will be recognized on a straight line basis over the two-year term of the contract.
"This is great news both to our shareholders and our client churches. The contract with YourNetPlus.com increases our total assets to an adjusted $6,047,207. More importantly, however, it enables us to provide websites for the first 5,000 participants in our Church Website Initiative," says Gene Jackson, President and Chief Executive Officer of Kingdom Ventures, Inc.
Kingdom Ventures announced earlier this month that it will build websites for the nation's 400,000+ churches at no charge. Not having a website has become a growing problem for most of the country's smaller churches. According to the company's estimates, less than 50% of our country's churches have an Internet presence.
"Most smaller churches do not have time, money or knowledge to develop their own websites. And yet, effective communication is an essential tool in building community participation. Since most church members are online -- at work and at home -- they expect it from their church as well. Internet presence can be a powerful tool to build church loyalty, increase member participation and boost fundraising revenues. Churches without a website are missing out on all this. They also take the risk of becoming less credible to their members," says Jackson.
The website initiative is a part of the company's goal to transform the Christian community into the world's largest affinity group. Kingdom Ventures believes that Christians are the largest untapped affinity group in the United States. 92% of all Americans embrace a belief in God. Almost two-thirds -- well over 150 million people -- consider religion to be very important in their lives.
The free website initiative enables Kingdom Ventures to establish relationships with churches and their members, a necessary first step in creating an affinity group model. After the relationship has been established, the church becomes a powerful pipeline to market various products and services. This model is further supported by the media properties Kingdom Ventures owns -- including Christian Times (South Texas) and iExalt.com, one of the most visited Christian web portals in the U.S.
"Once created, the church website can serve as a web portal for church members to access the Internet. We will provide churches the necessary marketing material to promote dial-up Internet access to their members. We will brand the Internet service under the church's own brand name -- or any other name of their choosing. We enable church members to save money and support their church by switching to a new Internet Service Provider. The church members will receive high-quality Internet access for just $16.95 per month -- almost 30% cheaper than America Online (NYSE:AOL) and 23% cheaper than MSN (Nasdaq:MSFT) and Earthlink (Nasdaq:ELNK). A significant portion of this subscription amount will be given back to the church as a donation," says Jackson.
About Kingdom Ventures
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 on Kingdom Ventures, visit http://www.kdmvcorp.com.
To sign up for shareholder alerts, visit http://www.kdmvcorp.com/ir_shareholderalerts.htm.
For more details on the Church Website Initiative, or to sign up, visit http://www.kdmvcorp.com/cwi/cwi.html.
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.
CONTACT:
FOCUS Partners, LLC (for Kingdom Ventures)
David Zazoff, 212/752-9445
kdmv@focuspartners.com
ir@kdmvcorp.com
SOURCE: Kingdom Ventures
Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: http://www.businesswire.com
05/27/2003 06:45 EASTERN
593,000 volume first hour YIKES!
look out these MMs cant hold it down much longer with this volume. Keep the PR train running down the tracks
Go KDMV
picked up some more stock today.
Cam
Ed, Yes it is, I thought it was wound pretty tight in the high 50s. Picked some shares up there.
Keep the news coming and the company moving forward. Go KDMV
Probably some short covering here also.
71 x 74
Loooookin Goooooood.
Cam
8K out today
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): May 12, 2003
KINGDOM VENTURES, INC.
(Exact name of registrant as specified in its charter)
NEVADA
(State of Other Jurisdiction of Incorporation)
000-32273 88-0419183
(Commission File Number) (IRS Employer Identification No.)
1045 STEPHANIE WAY
MINDEN, NEVADA 89423
(Address of Principal Executive Offices) (Zip Code)
(775) 267-2242
(Registrant's Telephone Number, Including Area Code)
ITEM 5. ACQUISITION OR DISPOSITION OF ASSETS.
Kingdom Connect, Inc. ("KCI"), a wholly owned subsidiary of Kingdom Ventures, Inc. (the "Company") entered a contract with YourNetPlus.com, Inc. providing for the prepayment of the set up, development, maintenance, and service fees associated with 5,000 private label websites to be offered by KCI to its customers. As consideration for the contract, KCI issued 750,000 shares of its Series A Preferred Stock to YourNetPlus.com. The contract has been reflected on the balance sheet of KCI as a prepaid expense with a value of $5,093,750 which will be recognized on a straight line basis over the five-year term of the contract.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(a) Not applicable
(b) The following pro forma financial statements are included in this report:
[table of included financial statements]
(c) The following documents are filed as an Exhibit to this report:
2.1 VISP Web Site Building and Hosting Agreement dated May 12, 2003 between YourNetPlus.com, Inc. and Kingdom Connect, Inc.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereto duly authorized.
KINGDOM VENTURES, INC.
Date: May 12, 2003 By:
--------------------------------------
Gene Jackson,
President and Chief Executive Officer
EXHIBIT INDEX
2.1 VISP Web Site Building and Hosting Agreement dated May 12, 2003 between YourNetPlus.com, Inc. and Kingdom Connect, Inc.
--------------------------------------------------------------------------------
KINGDOM VENTURES, INC.
PROFORMA INFORMATION - BALANCE SHEET
1/31/2003
Historical Proforma Proforma
37,652 Adjustments 37,652
------------------------------------------
ASSETS
CURRENT ASSETS
Cash and cash equivalents 63,655 63,655
Accounts receivable, trade 25,848 25,848
Inventory 231,333 231,333
Prepaid expense 0 A 1,018,750 1,018,750
------------------------------------------
Total current assets 320,836 1,018,750 1,339,586
PROPERTY AND EQUIPMENT, AT COST
Equipment 133,271 133,271
Office furniture and fixtures 11,375 11,375
Leasehold improvements 9,504 9,504
Less: Accumulated depreciation (27,915) (27,915)
------------------------------------------
126,235 126,235
OTHER ASSETS 506,386 506,386
Prepaid website service agreement-noncurrent portion 0 A 4,075,000 4,075,000
------------------------------------------
Total assets 506,386 4,075,000 4,581,386
------------------------------------------
953,457 5,093,750 6,047,207
==========================================
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
Accounts payable and accrued expenses 478,500 478,500
Due to related parties 56,318 56,318
Notes payable 428,750 428,750
------------------------------------------
Total current liabilities 963,568 963,568
MINORITY INTEREST 22,323 22,323
STOCKHOLDERS' DEFICIT
Series A preferred stock, $.001 par value, 1,233,888 shares
authorized, issued and outstanding 246,778 246,778
Common stock, $.001 par value, 100,000,000 shares authorized,
12,500,000 shares issued and 10,714,490 shares outstanding 25,000 25,000
Kingdom Connect, Inc. Series A Preferred stock, $.001 par value,
1,000,000 authorized, issued and outstanding 0 A 1,000 1,000
Additional paid in capital 1,445,048 A 5,092,750 6,537,798
Accumulated deficit (1,673,076) (1,673,076)
Less: treasury stock (1,785,510 shares) at cost (76,184) (76,184)
------------------------------------------
Total Stockholders' equity (deficit) (32,434) 5,093,750 5,061,316
------------------------------------------
Total liabilities and stockholders' equity (deficit) 953,457 5,093,750 6,047,207
==========================================
A Represents the effect of issuing 1,000,000 shares of Series A Preferred stock to vendor for services rendered with a fair value of $5,093,750 at the date services rendered. Based on five year agreement, twenty percent of the fair value of services is considered a current asset, with the balance being a long-term asset.
--------------------------------------------------------------------------------
KINGDOM VENTURES, INC.
PROFORMA INFORMATION - STATEMENT OF OPERATIONS
FYE 1/31/03
Historical Proforma Proforma
1/31/03 Adjustments 1/31/03
---------------------------------------
Revenue:
Product sales - apparel and gifts 501,803 501,803
Product sales - tools and technology 2,692,373 2,692,373
Other revenue 637 637
---------------------------------------
3,194,813 3,194,813
Cost of goods sold:
Product sales - apparel and gifts 181,452 181,452
Product sales - tools and technology 2,275,365 2,275,365
---------------------------------------
2,456,817 2,456,817
Operating expenses:
Selling 66,309 66,309
General and administrative 849,642 849,642
Depreciation expense 12,112 12,112
Amortization expense 0 1,018,750 1,018,750
---------------------------------------
Total operating expenses 928,063 1,946,813
Other income (expense):
Interest expense (28,578) (28,578)
Contributions (84,578) (84,578)
Deferred compensation / consulting (459,950) (459,950)
Public corporation expense (7,984) (7,984)
---------------------------------------
Total other income (expense) (581,090) (581,090)
---------------------------------------
Net income (loss) before minority interest (771,157) (1,789,907)
Minority interest (22,323) (22,323)
---------------------------------------
Net income (loss) (793,480) (1,812,230)
=======================================
Net income (loss) per share -
basic and diluted $ (0.08) $ (0.17)
Weighted average common shares, basic and diluted 10,394,986 10,394,986
--------------------------------------------------------------------------------
VISP WEB SITE BUILDING AND HOSTING AGREEMENT
This Agreement is made on this 12th day of May 2003 by and between YourNetPlus.com, Inc., a New York Corporation; with its principle office located at 501 Route 208, Monroe, NY 10950 ("Provider") and Kingdom Connect, Inc., a Corporation with its principle office located at 1045 Stephanie Way, Minden, NV 89423 ("KCI").
Whereas, Provider is in the business of providing websites and internet connectivity which may be Private Labeled or offered as same service.
Whereas KCI wishes to purchase the services of Provider on behalf of KCI's customers.
Whereas, Provider agrees to provide VISP setup, maintenance, and technical support services for five thousand (5,000) websites for KCI's customers over the next five years.
Be it agreed on this day that the following agreement will govern the relationship between our two companies.
1 TERM
This agreement shall be for a term of five years from the date of this document. This agreement shall renew automatically each year thereafter, unless either party serves written notice of its intention not to renew, on the other at least 90 days prior to the expiration of the then current term of this agreement.
2 PROVIDER'S REPRESENTATIONS
Yournetplus, one of the largest private label internet service providers in the United States agrees to allow us to prepay for our customers all set up, development, maintenance, and service fees associated with five thousand VISP websites for the customers of KCI at no charge to the customer (churches). Provider represents that these fees normally are charged to the customer according to the following schedule:
$299.00 one time start-up and developmental fee due at contract signing
$29.95 monthly maintenance and service fee
24/7 "800" Number Customer Service / Tech Support $25.00 per month for private labeled service and Free for the first 90 days for generic service. If the ISP does not have 250 users within the first 90 days we will charge $25.00 each month thereafter.
3 PROVIDER'S RESPONSIBILITIES
Provider agrees to provide KCI with VISP Private labeled website building and maintenance capabilities.
Deliverables shall include:
Sales collateral materials including brochures and flyers to help KCI sign customers to the service.
A fully staffed back end including; Billing, real time credit card transactions, administrative reports, Customer and technical support, Online Customer Account Maintenance, Private labeled E-Mail Server, Administrative E-Mail Addresses, vacation e-mail, Web based and POP Access, Online Interfaces, a private labeled Internet portal for KCI and include an affiliate program.
KCI's Customers will receive an initial VISP web site setup including 5Mbs of storage space, maintenance of the site, technical support, and any services necessary for use of the site for no charge.
4 KCI'S RESPONSIBILITIES
To market Private Labeled Service to retail and wholesale clients of KCI.
--------------------------------------------------------------------------------
KCI, its officers, directors, employees and any authorized sub-licensee will (I) conduct their business in an honest, professional and ethical manner and (ii) not commit any action or omission to act which could adversely affect PROVIDER, its name, reputation or ability to conduct its business. KCI shall promptly and fully cooperate with Provider to address and resolve all issues, problems, administrative procedures, End User complaints, regulatory investigations or inquiries or any other circumstances arising from KCI's use of Provider's services.
5 PROPRIETARY INFORMATION
The parties understand and agree that the terms and conditions of this Agreement, all documents and invoices and all communications between the parties regarding this Agreement or the Service to be provided as well as such information relevant to any other agreement between the parties (collectively "Confidential Information"), are strictly confidential between KCI and Provider. For purposes of this Agreement, "Confidential Information" shall mean information in written or other tangible form specifically labeled as such when disclosed by a Party. Confidential Information shall remain the property of the disclosing Party. A Party receiving Confidential Information shall: (1) use or reproduce such information only when necessary to perform this Agreement; (2) provide at the least the same care to avoid disclosure or unauthorized use of such information as it provides to protect it's own Confidential Information and; (3) limit access to such information to it's employees or agents who need such information to perform this agreement. Not withstanding anything to the contrary contained herein, a Party shall be allowed to disclose Confidential Information pursuant to judicial or governmental order or if otherwise required to do so by law.
KCI pledges that it will not circumvent the relationships among venders, providers and clients developed by Provider either directly or indirectly, during the contract period and for a period of up to 2 (two) years following termination of this contract
7 CONSIDERATION TO PROVIDER
Seven hundred fifty thousand (750,000) shares of Kingdom Connect, Inc. Series A Preferred Stock. Such stock issued assuming ten million (10,000,000) shares total issued and outstanding and to be adjusted accordingly to represent the same percentage should a different number be outstanding. Once the common stock has been registered, or, after the one year period applicable under Rule 144, whichever occurs first, the Company at its sole cost and expense have its attorney issue an opinion letter for removal of the legend and release all stock transfer instructions on the common stock, except as maybe required under Rule
144. In the event the Company fails to have its attorney issue the required opinion letter within 20 days of a written request from YourNetPlus.com or its nominee, the Company shall be liable for liquidated damages in the amount of 10% interest per 30 days on the value of the shares based on the closing bid price of the Company's common stock on the 20th business day following the date it receives written notice from YourNetPlus.com or their nominee. The damages shall accrue until the transfer agent receives the opinion letter
8 ASSIGNMENT
This Agreement shall be binding upon the parties and their respective successors and assigns; provided, however, that no rights or obligations hereunder, including but not limited to Licensee's Subscriber accounts, shall be assigned or transferred, in whole or in part, by either of the parties hereto to any person, firm or corporation without prior written consent by the other party, which consent shall not be unreasonably withheld or delayed.
Notwithstanding the foregoing, either party may assign this Agreement, without the prior consent of the other party, to any person, partnership, firm or corporation affiliated by common ownership with the assigning party, acquiring all or substantially all of such party's assets or, in the case of PROVIDER, acquiring any assets of PROVIDER associated with its wholesale Internet access and services business.
9 ENTIRE AGREEMENT
--------------------------------------------------------------------------------
The parties have read this Agreement and all of its Schedules, Exhibits and attachments and agree to be bound by its terms, and further agree that it constitutes the complete statement of the Agreement between them which supersedes all other agreements, covenants, representations or proposals, oral or written, and all other communications between them relating to the subject matter of this Agreement. In the event of a conflict between the terms and conditions of this Agreement and any Amendments to this Agreement, the terms and conditions of the Amendment(s) shall prevail. In the event of a conflict between the terms and conditions of this Agreement and any Schedules to this Agreement, the terms and conditions of this Agreement shall prevail.
10 SEVERABILITY
Should any part of this Agreement for any reason be declared invalid by order of any court or regulatory agency, such order shall not affect the validity of any remaining portion, which shall remain in force and effect as if this Agreement had been executed with the invalid portion eliminated, and it is hereby declared the intention of the parties that they would have executed the remaining portion of this Agreement without including therein any such part or portion which may, for any reason, be hereafter declared invalid.
11 CONTROLLING LAW AND ARBITRATION
All questions regarding the validity, interpretation, performance and enforcement of the provisions of this Agreement shall be governed by the laws of the state of New York. Any controversy or claim arising out of, relating to or in connection with this Agreement that has not been resolved through the informal mediation of the parties shall be resolved through arbitration pursuant to the Commercial Arbitration Rules of the American Arbitration Association then in effect, as modified by the terms set forth below: (a) the arbitration shall be conducted in New York state; (b) the arbitration shall be conducted by a single arbitrator selected by the parties; (c) the parties shall act in a commercially reasonable manner and speedily select and then conduct the arbitration within 45 days with the expenditure of minimal discovery efforts and expense which shall be determined, if necessary, by the arbitrator. The agreement to arbitrate shall be specifically enforceable under prevailing New York law. Any award rendered by the arbitrator shall be binding and enforceable by any party to the arbitration and judgment shall be rendered upon it in a court of competent subject matter jurisdiction located in New York.
12 REGULATION FD
Regulation FD's public disclosure requirements include that material information must be disclosed to all shareholders at the same time. Both companies recognize that the signing of this Agreement creates a relationship that may be considered material news to both companies' shareholders. For full compliance with Reg. FD, an issuance of a news release may be required. By signing this agreement, both parties authorize a nationally recognized wire service to distribute a release regarding this agreement, drafted by Kingdom Ventures. Yournetplus shall have the opportunity to review and approve any press release before it is distributed.
13 KCI AUTHORIZATION KCI represents that the person executing this Agreement has been duly authorized by KCI to execute KCI to the terms and conditions contained herein. KCI, with full knowledge of all terms and conditions herein, are not in conflict with any law or the terms of any charter or bylaw or any agreement to which KCI is a party or by which it is bound or affected.
--------------------------------------------------------------------------------
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed on behalf of each other by a person with full power and authority to bind such party.
Kingdom Connect, Inc. YourNetPlus.com
"KCI" "PROVIDER"
By: /s/ Gene Jackson By /s/ Vince Dim
------------------------------- -------------------------------
Print Name: Gene Jackson Print Name: Vince Dima
Title: CEO Title: President
----------------------------
Date: 5/12/03 Date: 5/12/03
----------------------------- -----------------------------
Looks like the stock found its bottom yesterday, sooooo I had to pick up another 5000 shares.
Looks real solid at this level.
Go KDMV
Glad to have your aboard engineer !
Cam
Deeba,
I have good information that the 50,000 share tweener at the end of the day was a
BUY !
Cam
PB, I dont believe that was a PR(press release)
It looks like free press to me, the story was picked up by the Canadian Press. Lookin good.
no mention of our IR firm.
By the way, I just received my first dividend shares.
Cam
Ex, I have to agree with you last post, I think you hit the nail on the head.
Im hearing only good things to come for KV.
Cam
ED, did you take a close look at the PRs this morning,
they are now reporting their news over 3 wire services
CCN Matthews
BusinessWire
PrimeZone
They are really getting the word out.
"Start spreadin the news"
Cam
Support/Resistance as of 5-5-03
Type Value Conf.
resist. 1.32 1
supp 0.95 4
supp 0.90 2
supp 0.75 12
supp 0.59 4
supp 0.51 8
supp 0.47 2
supp 0.35 6
supp 0.29 12
supp 0.00 243
http://www.stockta.com/cgi-bin/analysis.pl?symb=KDMV&num1=5&cobrand=
NEWS...Kingdom Ventures Chooses Y3K Over Microsoft and America Online
MINDEN, Nev.--(BUSINESS WIRE)--May 5, 2003--
New BOAT system to provide personalized service to nation's
400,000+ churches with assembly line efficiencies
for Kingdom Ventures
Kingdom Ventures, Inc. (OTCBB:KDMV), a rapidly growing church development company, and Y3K Secure Enterprise Software, Inc. (OTCBB:YTHK) announced today the signing of an agreement to offer Y3K's secure Integrated Communications System (ICS) to Kingdom Ventures' client churches. After detailed analysis and comprehensive evaluation, Kingdom Ventures chose Y3K's system over similar solutions provided by Microsoft (Nasdaq:MSFT) and America Online (NYSE:AOL).
ICS will become the cornerstone of Kingdom Ventures' BOAT (Back Office Assistant Technology) program for churches. BOAT is Kingdom Venture's business development communications platform that enables real-time communication between Kingdom and its client churches.
Kingdom Ventures' goal is to touch 75,000 churches within the next 24-36 months. The company has recently launched several new programs, such as UCAN -- Undercover Angels Network, which enables young disadvantaged people to earn a free car by performing 100 hours of service for their local church, or Christian Merchants initiative, which provides qualified and approved businesses access to the largest affinity group in the country -- Christians.
Managing these advanced programs for the nation's 400,000 churches could easily become an administrative burden to Kingdom Ventures. This is why the company teamed up with Y3K. Its new BOAT system, based on Y3K's technology, will allow churches to communicate with Kingdom -- and with each other -- through a private peer-to-peer communications network, 24 hours a day.
"For example, if our client church needs a service pledge agreement for UCAN or a sermon to announce their new private-label Internet service to the congregation, they can send us an instant message using the BOAT. The request will pop up on our program coordinator's screen, real-time. Both parties can communicate through secure and private instant messaging. And, the drag-and-drop functionality of the system will enable our coordinator to deliver the requested documents by simply placing them in the active window on the screen during the online conversation," says Gene Jackson, President and Chief Executive Officer.
"This system means personalized service to the church, but assembly line efficiencies for Kingdom Ventures. This system is revolutionary and could take the communication with churches to a whole new level. BOAT improves customer service and boosts productivity," says Jackson.
BOAT will also provide increased privacy and confidentiality over instant messaging and email systems offered by Internet service providers or web portals. With BOAT only registered users can have access to the system. Only they can send messages and documents to each other. In addition, all messages and documents exchanged among the members are automatically encrypted, so privacy and confidentiality is assured. This is important when sharing confidential information such as contributions, financial or personal matters.
Kingdom Ventures' goal is to become the driving force behind the growth of churches and other faith-based organizations. As a church development company, Kingdom first identifies the key challenges its client churches face, and then provides solutions for each one of them. Instead of performing all services in-house, the company's business model is based on forming strategic alliances with the leading companies in various industries.
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.
Kingdom Ventures is a publicly traded company and its stock trades on the OTCBB under the ticker symbol KDMV.
For more information, visit www.kdmvcorp.com. To sign up for shareholder alerts, visit http://www.kdmvcorp.com/ir_shareholderalerts.htm.
About Y3K (www.y3kincorporated.com)
Founded in 1999, Y3K, Inc. initially started as a provider of secure Internet commerce software. Through its experience with both businesses and consumers, Y3K has successfully made the transition to become a leading provider of secure communication software. Y3K's main product is the FusionPak Suite, which includes ICS, CommerceManager (a state-of-the-art Internet commerce engine), and other enterprise business software applications.
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.
CONTACT:
FOCUS Partners, LLC (for Kingdom Ventures)
David Zazoff, 212/752-9445
kdmv@focuspartners.com or ir@kdmvcorp.com
SOURCE: Kingdom Ventures, Inc.
Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: http://www.businesswire.com
05/05/2003 08:37 EASTERN
NEWS...KDMV Acquires South Texas Christian Times Newspaper Publication Rights for Houston, Texas; Christian Media Market Gets a New Publicly Traded Powerhouse
MINDEN, Nev.--(BUSINESS WIRE)--May 2, 2003--Kingdom Ventures, Inc. (OTCBB:KDMV), a rapidly growing church development company, announced today it has acquired the Christian Times' South Texas Edition. Christian Times is the largest regional Christian newspaper chain in the U.S. with a monthly circulation of over 200,000 copies through more than 6,000 churches and Christian retail outlets. The Christian Times(R) newspaper is a 8-time award winner with the Evangelical Press Association and a two-time Angel Award winner. It is also widely recognized as one of the leading Christian newspapers nationwide. The South Texas edition has been in publication for just over a year, and has circulation of 25,000, with hundreds of churches, bookstores, and other retail outlets for its primary distribution.
"We believe the country's 150+ million Christians represent the largest untapped affinity group in the U.S. We have recently launched our Christian Merchants initiative aiming at providing a direct marketing channel to tens of millions of active church members controlling hundreds of billions of dollars in annual spending. Our media properties are instrumental in making this happen. The South Texas Christian Times(R) acquisition gives us a powerful geographical reach in Texas, including Houston, the country's single largest Christian market, and the fourth largest city in the U.S.," says Gene Jackson, President and Chief Executive Officer of Kingdom Ventures, Inc.
"Keener Communications Group currently publishes six regional editions in California, one in Colorado and one in Washington state. Texas is the second most populous state in the country, the largest state in the Bible Belt, with its 21.5 million people. This makes Texas an ideal market for Christian Times. This is a tremendous market opportunity for us, and we look forward to capitalizing on it as quickly as possible," says Jackson.
This acquisition strengthens Kingdom Ventures' position in the Christian media market. It further solidifies Kingdom's position as the fastest growing publicly traded Christian media company in the country. Kingdom Ventures' 280% annual revenue growth rate is well above Salem Communications (Nasdaq:SALM - News), Integrity Media (Nasdaq:ITGR - News) and Thomas Nelson (NYSE:TNM - News).
Kingdom Ventures' goal is to become the driving force behind the growth of churches and other faith-based organizations. As a church development company, Kingdom first identifies the key challenges its client churches face, and then provides solutions for each one of them. Instead of performing all services in-house, the company's business model is based on forming strategic alliances with the leading companies in various industries.
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.
Kingdom Ventures is a publicly traded company and its stock trades on the OTCBB under the ticker symbol KDMV. Last month Alpha Analytics, an independent research firm, initiated coverage on Kingdom Ventures' stock. It issued Kingdom Ventures its highest rating, "Attractive" / "Buy", giving it $5.13 and $9.15 price targets for 2003 and 2004, respectively.
For more information, visit www.kdmvcorp.com. To sign up for shareholder alerts, visit http://www.kdmvcorp.com/ir_shareholderalerts.htm.
For more information on The Christian Times, visit www.christiantimes.com.
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.
CONTACT:
FOCUS Partners, LLC (for Kingdom Ventures)
David Zazoff, 212/752-9445
kdmv@focuspartners.com or ir@kdmvcorp.com
SOURCE: Kingdom Ventures, Inc.
Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: http://www.businesswire.com
05/02/2003 08:33 EASTERN
PB, Im getting spoiled with all this news and information.
Continuous forward steps for the company and more and more movements towards large revenues.
Im looking forward the the next financial reports.
Cam
Qwest, MCI contract for new Church ISP..... huge revenue stream coming.
How much is this worth? $150,000 - $200,000 a month in revenue just from the monthly fee.
And a donation at that,
KV looking like it will become a very successful company with large profit centers and all for a great cause.
Im excited about the future of this one.
Cam
Undervalued alert.com has picked up KDMV - BUY
Article below
http://www.undervaluedalert.com/profile.asp
CURRENT PROFILE:
Kingdom Ventures, Inc. (OTCBB: KDMV)
IS IT POSSIBLE TO MAKE 1,000% RETURN ON ONE SINGLE STOCK?
If you are like most investors, you probably associate the word Church with your faith, instead of thinking of a lucrative business opportunity. This is probably why so few public companies are going after those tens or even hundreds of billions of dollars that the country's 400,000 churches generate every year. This might also be why so few investors know about the business experts operating behind the scenes, helping churches grow, and making money in the process.
This is big business. Did you know that 94% of all churches have less than 1,000 members? While larger churches typically have business expertise and an appropriate management structure in place to run efficient, money-generating operations, smaller churches have neither the time, nor money to do so. They could all benefit from having the support of a company that acts as their outsourced business expert and helps them focus on their core mission.
The company I am talking about is the only public company I am aware of in this industry: Kingdom Ventures (Ticker symbol KDMV).
I think Kingdom Ventures provides a unique opportunity for investors seeking a way to profit from the billions of dollars churches generate every year. By this, I mean benefit from investing in a profit-maximizing, publicly traded company that works with those churches. For many people this type of approach may sound awkward - after all, we typically GIVE money to churches instead of making money with them. But think about it for a moment. In addition to hopefully being a great money-making opportunity, you could feel great about your investment. You will know that while generating potentially huge returns on your investment, you are indirectly helping churches grow and increasing their positive influence in our country..
Alpha Analytics - an independent research firm - recently issued an analysis on Kingdom Ventures (KDMV) with a price target of $9.13 per share.
Here are just a few reasons why I encourage you to look at this stock: Kingdom Ventures (KDMV)
KDMV stock is trading at $0.80-$0.90. Alpha Analytics has given it a $9 price target! The stock we profiled in our latest issue went up 330% in just a few short weeks. Our subsequent four options picks all produced 50% to 100% returns.
KDMV's growth rate is phenomenal. The company's annual growth rate has ranged between 180% and 800% (2002 vs. 2001). The company generated over $1 million in the last quarter alone.
KDMV's total market cap is less than $6 million. In other words, you could theoretically buy the whole company with all of its subsidiaries, divisions, expertise, client base, distribution network and assets for less than $6 million! Alpha Analytics believes the company should be worth $100 million in 2004. The company's shareholders would pocket the $94 million difference!
KDMV's market doesn't rely on the general economy, but is instead anchored in hundreds of millions of American's need for spiritual fulfillment.
There are over 400,000 churches in the U.S. Only 6% have more than 1000+ active members. The remaining 375,000+ need outsourced business services to help them focus on their core mission. This is KDMV's core mission!
92% of all Americans embrace a belief in God. Over 60% of all household donations go to religious organizations. KDMV has already performed over 750 fundraising events and its strategic partnership gives churches access to Christian fundraising superstars such as Oliver North, Sean Hannity, Ken Starr and others.
More than $5.6 billion worth of religious and inspirational products were sold in 2000. KDMV's products have already been sold through 2,100 retail stores and its potential reach has exploded through its iExalt.com acquisition and their strategic alliance with Christian Times - one of the leading Christian newspapers.
KDMV's Church Technology Initiative could potentially make the company's sales explode overnight. It is based on a concept that churches get $100,000 worth of technology for free, and KDMV gets paid by a third party needing a qualified contribution or a capital gains tax credit.
To find out more about KDMV, visit www.KDMVcorp.com.
If you haven't received our most recent 16-page issue discussing KDMV and would like to receive it, subscribe immediately by filling out the online SUBSCRIPTION FORM.
New MM today DOMS makes number 14
I agree, most trades at ask today,
looks like they could be shorting it, poor MMs
Cam
Stock anaylsis on KDMV from this site looks great and very bullish.
Use the link below
http://www.stockta.com/cgi-bin/analysis.pl?symb=KDMV&num1=3&cobrand=
Cam
Im impressed Honor, this should be a very rewarding investment.
new market makers jumping on board today.
QUIN
FRAN
that makes 13 now
Cam
Wow !! The PR train is smokin down the track.
Go KDMV
KaBooooooooooooom
New MM joining today
VFIN
that makes 11
the more the merrier.
Cam
NEWS.... Best-Selling Christian Artist Al Denson Endorses Xtreme Notebooks, a Kingdom Ventures Subsidiary
MINDEN, Nev.--(BUSINESS WIRE)--April 21, 2003--Kingdom Ventures, Inc. (OTCBB:KDMV.OB), a rapidly growing church development company, announced today that Al Denson, one of the best-selling Christian artists ever, will endorse Xtreme Notebooks' (www.xtremenotebooks.com) products. Xtreme Notebooks is a Kingdom Ventures subsidiary.
Al Denson is one of the most successful Christian artists of our time. Denson has published ten albums in the past ten years. He has written 19 top ten songs, seven of which went to number one. He has been nominated for five Dove awards including Song of the Year. Denson won a Dove for the Choral Collection Album of the year for his Youth Chorus Book. His syndicated TV show airs on nine leading Christian networks around the country.
"I have been an Xtreme Notebooks customer for a long time. I would like to recommend them to all Christians for several reasons. First, by supporting a Christian business -- or a church development company such as Kingdom Ventures and its technology arm, Xtreme Notebooks --, we are indirectly helping them help churches touch more lives. Secondly, items we buy could actually remind us of God. When you buy your next laptop or flat screen TV from Xtreme Notebooks, then the mere use of your new product will always remind you of the good you did by helping a Christian business. Your TV or PC can actually remind you of God. This is powerful," says Denson.
"Thirdly, churches need a technology company that really understands their needs. The reason smaller churches may not utilize the latest technology is not always the cost; it is that nobody has taken the time to understand exactly what kind of solutions churches need. That is, until now. I think Xtreme Notebooks is a perfect technology partner for churches," says Denson.
Xtreme Notebooks is the technology subsidiary of Kingdom Ventures, Inc. Xtreme is quickly positioning itself as the new "Dell Computer (Nasdaq:DELL) for the Christian community". The company's products include notebook computers, projection equipment as well as one of the hottest new products on the market -- Tablet PC's.
Xtreme has quickly become one of the biggest resellers of Motion Computing, Inc. -- one of the most successful Tablet PC brands in the world. Motion was formed in 2001 by industry veterans with experience at companies like Dell, Compaq (NYSE:HPQ) Apple (Nasdaq:AAPL) and Fujitsu.
IDC forecasts U.S. tablet PC shipments to surge to about 675,000 units this year, representing roughly five percent of the overall notebook market. Xtreme Notebooks is uniquely positioned to take advantage of this rapid market growth with its focus on the Christian market niche. And, the company's business model is based on the exact same concept that made Dell Computer a success -- selling high-quality computers through an e-commerce site at a low cost.
In addition to Christian organizations, Xtreme Notebooks also has a growing number of computer-savvy high-end customers who have learned to appreciate quality and value more than just brand recognition. Visit Xtreme Notebooks at www.xtremenotebooks.com.
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 to 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.
For more information on Al Denson, visit www.aldenson.com.
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.
CONTACT:
FOCUS Partners, LLC (for Kingdom Ventures)
David Zazoff, 212/752-9445
kdmv@focuspartners.com
ir@kdmvcorp.com
SOURCE: Kingdom Ventures, Inc.
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04/21/2003 09:10 EASTERN
J, have you been trying to buy any stock lately,
its almost impossible, that is if you want more than 5000 shares, there are hardly any sellers and the float is tight, not to mention how low the float is. I had to wait 5-8 mins to get filled on buy order at end of day for small share amt.
Also, it Looks to me like the marketing of the stock hasnt really began yet. This is basically an IPO
Take Todays announcement of a new IR firm who has institutional connections and they have probably just begun to put the word out. Add to that the investor brochure that was just mailed out and put on the website.
This is probably a safer entry point than .30s was because now there is interest in the stock, as witnessed by the volume increase, when at .30s there was no volume.
Yes the MMs might try and pull the stock back, but they need sellers to do that and so far they are far and few in between.
Witness the volatility of the share price.
Last point, check other Christian public companies share prices. You will like what you see in this market.
Make your own decisions, but mine is ....well you know what mine is.
Trex, your tellin me, I tried at the ask for the last 5 mins and finally got filled after the bell.
Typical MM trick so no print at the ask.
Looks like mostly buys today.
There is another MM listed on otcbb but they havent put a bid/ask in yet
BMIC
Cam
New MM - NAIB joining the hunt
that makes 10 now
Go KDMV
Cam
81 x 91 can you say GAPPER