Two Rising African-American Entrepreneurs Venture Into The Christian Retailing Business

Adelphos Holdings LLC has agreed to purchase Moody Bookstore, located on Chicago's south side. The purchase marks the first foray by Adelphos into the Christian retail marketplace. Adelphos Holdings LLC is an African American-owned company specializing in Christian publishing, publishing services and retailing. Adelphos co-founders Cliff Goins IV and Shundrawn A. Thomas are entrepreneurs as well as ministers of the gospel.

Chicago, IL (PRWEB) January 20, 2004 --Adelphos Holdings LLC has agreed to purchase Moody Bookstore, located at 112 W. 87th Street, on Chicago's south side. The purchase marks the first foray by Adelphos into the Christian retail marketplace and provides the company with a bricks-and-mortar beachhead to complement their online presence. Adelphos Holdings LLC is an African American-owned company that currently operates The Adelphos Publishing Group LLC and Adelphos Advisory Services.

Adelphos co-founders Cliff Goins IV and Shundrawn A. Thomas are entrepreneurs as well as ministers of the gospel. Chicago natives with MBAs from prestigious Chicago area graduate schools; between them they have held positions with American Express Financial Advisors, Holland Capital Management, L.P., Morgan Stanley Dean Witter and Goldman Sachs & Co. The two are most recognized for the faith-based Economic Empowerment Series, "Stop Digging! and Start Planting!", they authored. In the series Goins and Thomas merge faith and finances to produce a revolutionary approach to achieving financial freedom. The books are available in stores (Adelphos Publishing, $14.95 each) and online at http://www.StopStartBooks.com

Larry Mercer, MBI senior vice president of media and church ministries, comments, "Adelphos was chosen based on the owners dedication to serving the Chatham Ridge community and the Christian community at large as well as their extensive backgrounds in business and publishing." The business will retain the Moody Bookstore name for a period of time to insure a seamless transition. Adelphos plans to unveil the new brand name in the spring. The brand transition will include an updated look for the store as well as implementation of new internal systems.

"The bookstore acquisition is a perfect complement to our long-term vision and will create significant synergies with our publishing and advisory businesses," says Cliff Goins IV, co-founder of Adelphos Holdings LLC. "The vibrant location and strong community provide a fertile environment for our business and ministry initiatives," adds his partner Shundrawn A. Thomas.

Adelphos Holdings LLC is a knowledge-based holding company whose businesses include multi-media publishing, publishing services and retailing. Adelphos is a Greek word meaning brothers and represents the irreplaceable bond between the partners of the company. Adelphos works to systematically reshape the psyche of people concerning money, health, relationships and other lifestyle issues using the platforms of print and electronic media, retailing and seminars. To find out more about the company mission and message, log on to http://www.StopStartBooks.com

PRESS CONTACT: Latania Thomas of Adelphos Publishing, 773-846-8782, 773-913-2200 (fax), Ppr@adelphosllc.com
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