MINDEN, Nev. -- Kingdom Ventures, Inc. (OTCBB:KDMV), a rapidly growing church development company, announced its revenue for 2002 was $3.2 million, up from $844,000 in 2001, an increase of 380 percent.
According to a release, 2002 fourth-quarter revenue rose 286 percent to $985,000, up from $345,000 in 2001.
Kingdom Ventures helps faith-based organizations streamline their operations, raise additional money through various fund-raising activities and provides 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 -- building houses for God -- by focusing on its core business: becoming their outsourced business experts.
The company owns a distribution network for Christian products, consisting of more than 2,100 retail stores, 900 gift stores and 1,200 Christian bookstores. It also has established strong business relationships with hundreds of Christian organizations and performed over 750 fundraising events.
"Our goal is to become the driving force behind the growth of churches and other faith-based organizations," said Gene Jackson, president and chief executive officer of Kingdom Ventures. "Our financial performance demonstrates that we are on the right track. We believe our sales growth should remain strong in 2003."
