UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
Commission File Number: 000-32273
NOTIFICATION OF LATE FILING
|_| Form 10-K |_| Form 11-K |_| Form 20-F |X| Form 10-Q
|_| Form N-SAR
For Period Ended: April 30, 2004
|_| Transition Report on Form 10-K
|_| Transition Report on Form 10-Q
|_| Transition Report on Form 20-F
|_| Transition Report on Form N-SAR
For the Transition Period Ended: ______________________________________
Nothing in this form shall be construed to imply that the Commission
has verified any information contained herein.
If the notification relates to a portion of the filing checked above,
identify the item(s) to which the notification relates:
_________________________
________________________________________________________________________
PART I
REGISTRANT INFORMATION
Full name of registrant Kingdom Ventures, Inc.
Former name if applicable None
Address of principal executive office 1045 Stephanie Way
City, state and zip code Minden, Nevada 89423
PART II
RULE 12b-25 (b) AND (c)
If the subject report could not be filed without unreasonable effort or
expense and the registrant seeks relief pursuant to Rule 12b-25 (b), the
following should be completed. (Check box if appropriate.)
(a) The reasons described in reasonable detail in Part III of this
form could not be eliminated without unreasonable effort or
expense;
(b) The subject annual report, semi-annual report, transition
report on Form 10-K, 20-F, 11-K or Form 10-Q, or portion
thereof will be filed on or before the 15th calendar day
|X| following the prescribed due date; or the subject quarterly
report or transition report on Form 10-Q, or portion thereof
will be filed on or before the fifth calendar day following
the prescribed due date; and
(c) The accountant's statement or other exhibit required by Rule
12b-25(c) has been attached if applicable.
PART III
NARRATIVE
State below in reasonable detail the reasons why Form 10-K, 11-K, 20-F,
10-Q, N-SAR or the transition report portion thereof could not be filed within
the prescribed time period.
The registrant recently engaged new independent auditors. The
compilation, dissemination and review of the information required to be
presented in the Form 10-QSB for the relevant quarterly period has imposed time
constraints that have rendered timely filing of the Form 10-QSB impracticable
without undue hardship and expense to the registrant. The registrant undertakes
the responsibility to file such report no later than five days after its
original due date.
Part IV
Other Information
(1) Name and telephone number of person to contact in regard to this
notification
Gene Jackson (775) 267-2242
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(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or 15(d) of the
Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of
1940 during the preceding 12 months or for such shorter period that the
registrant was required to file such report(s) been filed? If the answer is no,
identify report(s).
|X| Yes |_| No
(3) Is it anticipated that any significant change in results of operations from
the corresponding period for the last fiscal year will be reflected by the
earnings statements to be included in the subject report or portion thereof?
|X| Yes |_| No
If so: attach an explanation of the anticipated change, both narratively and
quantitatively, and, if appropriate, state the reasons why a reasonable estimate
of the results cannot be made.
The following information is preliminary and neither the financial
information nor its presentation has been reviewed by the registrant's new
independent auditors. The final information to be included in the Form 10-QSB
may vary substantially from that presented below.
For the three months ended April 30, 2004, we generated revenues of
approximately $131,096, compared to revenues of $1,151,981 during the three
months ended April 30, 2003. This decrease is primarily attributable the
discontinuation of certain operations, including our Sierra Candles division,
67% ownership of Extreme Notebooks, Inc., 100% ownership of American Association
of Christian Counselors, 100% ownership of Christian Speakers & Artists Agency,
Inc., and the inventory previously used in the Kingdom Inspirations gift line.
Our cost of goods sold for the three months ended April 30, 2004 was
approximately $38,642, compared to $850,906 for the three months ended April 30,
2003. This decrease is attributable to the discontinued operations described
above. Our operating expenses decreased from $2,928,980 for the three months
ended April 30, 2003 to approximately $308,989 for the three months ended April
30, 2004, which decrease also is attributable to our discontinued operations.
Excluding discontinued operations, for the three months ended April 30,
2003, we generated revenues of $116,902. Comparatively, we realized an increase
in revenues of approximately $14,194 for the three months ended April 30, 2004,
which increase is attributable to the beginning growth in Christian Times
Advertising revenue.
Excluding our discontinued operations, for the three months ended April
30, 2003, our cost of goods sold was $36,241. The comparative increase during
the three months ended April 30, 2004 is proportional to the increased revenue
activity from Christian Times Advertising. Excluding discontinued operations,
for the three months ended April 30, 2003 our operating expenses were $181,042.
The comparative increase during the three months ended April 30, 2004 is
primarily related to additional start up costs related to JoBasic and Christian
Times National Edition.
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Kingdom Ventures, Inc.
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Name of Registrant as Specified in Charter.
Has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Dated: June 15, 2004 /s/ Gene Jackson
By: Gene Jackson,
President