(COMTEX) B: Kingdom Ventures Chooses Y3K Over Microsoft and America Online
B: Kingdom Ventures Chooses Y3K Over Microsoft and America Online New BOAT systems
MINDEN, Nev., May 5, 2003 (BUSINESS WIRE) -- Kingdom Ventures, Inc.
(OTCBB:KDMV), a rapidly growing church development company, and Y3K Secure
Enterprise Software, Inc. (OTCBB:YTHK) announced today the signing of an
agreement to offer Y3K's secure Integrated Communications System (ICS) to
Kingdom Ventures' client churches. After detailed analysis and comprehensive
evaluation, Kingdom Ventures chose Y3K's system over similar solutions provided
by Microsoft (Nasdaq:MSFT) and America Online (NYSE:AOL).
ICS will become the cornerstone of Kingdom Ventures' BOAT (Back Office Assistant
Technology) program for churches. BOAT is Kingdom Venture's business development
communications platform that enables real-time communication between Kingdom and
its client churches.
Kingdom Ventures' goal is to touch 75,000 churches within the next 24-36 months.
The company has recently launched several new programs, such as UCAN --
Undercover Angels Network, which enables young disadvantaged people to earn a
free car by performing 100 hours of service for their local church, or Christian
Merchants initiative, which provides qualified and approved businesses access to
the largest affinity group in the country -- Christians.
Managing these advanced programs for the nation's 400,000 churches could easily
become an administrative burden to Kingdom Ventures. This is why the company
teamed up with Y3K. Its new BOAT system, based on Y3K's technology, will allow
churches to communicate with Kingdom -- and with each other -- through a private
peer-to-peer communications network, 24 hours a day.
"For example, if our client church needs a service pledge agreement for UCAN or
a sermon to announce their new private-label Internet service to the
congregation, they can send us an instant message using the BOAT. The request
will pop up on our program coordinator's screen, real-time. Both parties can
communicate through secure and private instant messaging. And, the drag-and-drop
functionality of the system will enable our coordinator to deliver the requested
documents by simply placing them in the active window on the screen during the
online conversation," says Gene Jackson, President and Chief Executive Officer.
"This system means personalized service to the church, but assembly line
efficiencies for Kingdom Ventures. This system is revolutionary and could take
the communication with churches to a whole new level. BOAT improves customer
service and boosts productivity," says Jackson.
BOAT will also provide increased privacy and confidentiality over instant
messaging and email systems offered by Internet service providers or web
portals. With BOAT only registered users can have access to the system. Only
they can send messages and documents to each other. In addition, all messages
and documents exchanged among the members are automatically encrypted, so
privacy and confidentiality is assured. This is important when sharing
confidential information such as contributions, financial or personal matters.
Kingdom Ventures' goal is to become the driving force behind the growth of
churches and other faith-based organizations. As a church development company,
Kingdom first identifies the key challenges its client churches face, and then
provides solutions for each one of them. Instead of performing all services
in-house, the company's business model is based on forming strategic alliances
with the leading companies in various industries.
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 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.
Kingdom Ventures is a publicly traded company and its stock trades on the OTCBB
under the ticker symbol KDMV.
For more information, visit www.kdmvcorp.com. To sign up for shareholder alerts,
visit kdmvcorp.com.
About Y3K (www.y3kincorporated.com)
Founded in 1999, Y3K, Inc. initially started as a provider of secure Internet
commerce software. Through its experience with both businesses and consumers,
Y3K has successfully made the transition to become a leading provider of secure
communication software. Y3K's main product is the FusionPak Suite, which
includes ICS, CommerceManager (a state-of-the-art Internet commerce engine), and
other enterprise business software applications.
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.
SOURCE: Kingdom Ventures, Inc.
CONTACT: FOCUS Partners, LLC (for Kingdom Ventures)
David Zazoff, 212/752-9445
kdmv@focuspartners.com or ir@kdmvcorp.com |
