MINDEN, Nev., Oct 14, 2003 (PRIMEZONE) -- Kingdom Ventures, Inc. (OTCBB:KDMV) today announced that it has acquired the remaining assets of Christian Times from Keener Communications Group, Inc.
In June 2003, Kingdom Ventures acquired the national rights to publish Christian Times-the sixth largest Christian publication in the United States. Under the terms of the agreement, Kingdom Ventures exercised its option provisions to purchase the trademark, trade names and all outstanding assets of Christian Times.
"Our goal is for Christian Times to become the USA Today for the Christian Community. We have recently opened distribution points in Virginia and Tennessee, and we expect additional points in the near future," said Gene Jackson, president and CEO of Kingdom Ventures. This acquisition paves the way for us to continue to build the subscription base, reach and add revenue for Christian Times."
Christian Times has a monthly circulation of over 500,000 through more than 10,000 churches and retail outlets. It is a multiple award winner with the Evangelical Press Association and a 2-time Angel Award winner. Jackson noted that the Christian Times is widely recognized as one of the leading Christian newspapers nationwide.
"We continue to grow Kingdom Ventures through prudent acquisitions focused on the Christian marketplace. The Kingdom Ventures family of companies has tremendous reach into the Christian market-from newspapers to electronic products and services, from counselors to our speakers and artists agency, from direct marketing to gifts and clothing. Our companies often lead the market that they compete in and offer consistent year-over-year growth-The Christian Times is a great example of this," said Jackson.
About Kingdom Ventures
Kingdom Ventures, Inc. (www.kdmvcorp.com) is a diversified supplier of media and products to the Christian marketplace. Consisting of two operating units -- Kingdom Media Group and Kingdom Products Group -- the Company serves the Christian marketplace through uplifting faith and humanitarian practice and by assisting Christians in personal, church and ministry growth to demonstrate the Good News of God's Word as proclaimed in the Bible.
The Kingdom Media Group includes the nation's largest regional Christian newspaper chain Christian Times, Christian Speakers & Artists Agency (the largest Christian Speakers bureau), Ministry Values for Growing Churches (the largest church direct marketing company -- www.ministryvalues.com) and American Association of Christian Counselors (www.aacc.net). The Kingdom Products Group consists of Xtreme Notebooks (notebook computers and Tablet PC's -- www.xnbs.com), Kingdom Gifts (inspirational gifts and candles), Yahwear Clothing (Christian apparel -- www.yahwear.com) and Mr. Roy Productions (silk screen and production facility).
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