[KINGDOM VENTURES LOGO]
For Immediate Release Contact:Jeff Lambert, Tim Hanson
Lambert, Edwards & Associates, Inc.
616-233-0500
jlambert@lambert-edwards.com
AMERICAN ASSOCIATION OF CHRISTIAN COUNSELORS JOINS KINGDOM VENTURES
FAMILY OF COMPANIES
Adds $10 million in projected revenue
Provides reach into Christian consumer market
MINDEN, Nevada, September 9, 2003 -- KINGDOM VENTURES, INC. (OTCBB:KDMV) today
announced that the American Association of Christian Counselors, the nation's
largest association of Christian counselors with approximately 70,000 members
and students nationwide, has become part of the Kingdom Ventures family of
companies.
The diversified faith based products and media company, said the merger
agreement between American Association of Christian Counselors (AACC) closed on
September 8, 2003 with an effective date of February 1, 2003. Kingdom Ventures
expects the acquisition to be accretive to earnings and add approximately $10
million in annual revenue. Kingdom Ventures posted annual revenue of $3.2
million for its fiscal year ended January 31 2003. Terms of the stock based
transaction were not disclosed. Kingdom Ventures serves the $49 billion church
market and the broader Christian consumer market through a variety of media
properties, services and consumer products.
"This represents an important added dimension for Kingdom Ventures as we
continue to expand our family of products and services," said Gene Jackson,
president and CEO of Kingdom Ventures. "Christian counseling is an expanding
segment of America's $100 billion mental-health industry and provides critical
felt need based services to people of all walks of life. We look forward to
serving caregivers and to expanding the assistance and resources that the AACC
provides. This addition will allow us to extend the influence of the Ask Dr. Tim
syndicated column, the Live the Life radio program, and provide a foundation for
continued development of content meeting the needs of the Christian leader and
caregiver". "We believe the AACC is uniquely positioned to help churches and
their leaders in the area of Biblical counseling, Spiritual formation, and
Leadership Development".
Kingdom Ventures said Dr. Timothy Clinton will continue in his role as President
and CEO of AACC. Clinton will be joined on the AACC management team by Donald
Sapaugh, who will serve as CEO of Kingdom Communications Group. Sapaugh, former
CEO of Rapha, Inc., a national Christian counseling and treatment management
company, brings substantial faith based business experience to the AACC, and
Kingdom Ventures.
"Through this strategic relationship, AACC has the opportunity to expand its
membership and mission and Kingdom Ventures can continue to grow as an
instrument in God's hands," said Clinton. "I see this as a true "Kingdom" win in
the best sense of the word."
Founded in the late 1980's, AACC (WWW.AACC.NET) assists professional, pastoral
and lay caregivers in providing effective Christ-centered counseling. The
Christian Care Network (CCN), a division of AACC, is a national network of
professional, community and church-based counseling providers, offering care and
resources that are distinctively Christian and clinically excellent.
Clinton added: "Over the last 10 years, AACC has become the largest Christian
counseling association in the nation. Becoming part of the Kingdom Venture
family allows us to continue to build our network of committed Christian
counselors and lay people. We look forward to becoming a important part of the
Kingdom Ventures family and continuing to help caregivers provide the most
effective counseling to their clients."
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 Faith Group
Services (which includes www.iExalt.com ). 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).
SAFE HARBOR STATEMENT
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.