MINDEN, Nev., April 21, 2003 (PRIMEZONE) -- Kingdom Ventures, Inc. (OTCBB:KDMV), 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.