Back on May 18, Religion News Service reported that Ted Haggard filed business documentation with Colorado's secretary of state to incorporate a nonprofit called "St. James Church." The address listed on the documents was the same as Ted and Gayle Haggard's home.

Asked at the time if he was starting a new church Haggard replied, "A corporation does not a church make." Haggard said the nonprofit was established to help him manage the revenue and expenses generated from his speaking and traveling. "There are tens of thousands, probably hundreds of thousands, of people that travel and incorporate in order to manage finances," he said. "That's what I'm doing."

Asked if "St. James Church" might become an actual church in the future, he commented that there was "no way to know the future."

At a press conference today, Ted Haggard announced he is launching a new church.

He said he made the decision to start the church just two weeks ago. He also announced that he is working with a documentary film ...