Kingdom Ventures (fka KDMV)

[toomuchmoney]

Press Release Source: Kingdom Ventures


Kingdom Ventures Announces Its Commitment to Shareholder Value
Friday April 25, 10:14 am ET


MINDEN, Nev.--(BUSINESS WIRE)--April 25, 2003--Kingdom Ventures, Inc. (OTCBB:KDMV - News), a rapidly growing church development company, announced today that it is adopting one of the strictest corporate governance standards among publicly traded companies, going above and beyond the requirements of the Sarbanes-Oxley Act.
"We believe that no matter how hard you try, you just can not regulate integrity. However, as a Christian church development company, we know that we answer to a higher authority. We are totally committed to increasing shareholder value, and in doing so, we want to be fully transparent not just to God but to the financial community and our shareholders," says Gene Jackson, President and Chief Executive Officer of Kingdom Ventures, Inc.

Kingdom Ventures has adopted the following guidelines:

1 Kingdom Ventures key executives will sign an additional lock-up
agreement. This will send a clear signal to all shareholders that
the management is committed to building significant long-term
shareholder value instead of just merely optimizing the company's
short-term performance or personal financial gain. This lock-up
agreement goes much farther than traditional insider trading
policies. An insider trading policy would merely establish
guidelines according to which insiders can trade the company's
stock. In Kingdom's case, insider executives can not trade at all!
All of their shares are locked up to until April 2004.

2 The company will not accept any dilutive financing, including
but not limited to convertible debentures, participating preferred
or senior securities that can be converted into common stock at a
discount.

3 Kingdom Ventures will form an independent Audit Committee and a
Compensation Committee according to the strict NYSE standards. The
company will also invite independent members to join its Board of
Directors.

4 In order to bring even more experience to the table, Kingdom
Ventures is in the process of forming an advisory board, which
should consist of industry leaders with a track record and insight
on building, running and overseeing successful companies. The
advisory board will take a guiding and coaching approach to assist
Kingdom's management.


"We believe that full transparency through effective corporate governance and oversight are important keys to a company's success. Many companies might consider this type of program an unnecessary liability. We think of our program as an asset, because it demonstrates that we are totally committed to making Kingdom Ventures the leading church development company in the world, and accomplish this in an ethical and effective manner," Gene Jackson says.

Kingdom Ventures will start to implement the program immediately. The company will announce the details regarding its new committees as soon as they are established.

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.

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.



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Contact:
FOCUS Partners, LLC (for Kingdom Ventures)
David Zazoff, 212/752-9445
[e-mail] or [e-mail]



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