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Artfest International The Madison Building 15851 Dallas Parkway, Suite 225 Addison, TX 75001 Tel: 214.274.2420 Tel: 877.278.6674 Fax: 866.534.2847 info*artfestinternational.com http://www.artfestinternational.com
Company Description: Artfest prints, markets, and sells limited edition, signed and numbered fine art and collectibles to its Members which include collectors, dealers, artists, decorators, designers, private collectors and investors. Artfest drives membership through its proprietary direct-sales e-commerce venue, syndicated TV programming & brick and mortar galleries. It is currently in negotiations to launch the Art Channel Network to be aired on the Dish Network in over 40,000,000 households.
Overview
Artfest International Inc. (The “Company” or “Artfest”) is a publicly traded company under the symbol "ARTI." Artfest, through its wholly owned subsidiary Art Channel, Inc., prints, markets, and sells limited edition, signed and numbered fine art and collectibles to its Members which include collectors, dealers, artists, decorators, designers, private collectors and investors. Artfest drives its membership through its proprietary direct-sales e-commerce venue, syndicated TV programming, brick and mortar galleries, online auctions, and membership awards programs. Membership is free and includes a member branded, direct-sales e-commerce website having full back office support including a merchant account, just-in-time inventory, and fulfillment. The principals of Artfest are seasoned professionals and entrepreneurs with extensive backgrounds in the media, production, marketing, product placement/advertising, and direct-sales Industries. Management is highly confident that they have developed an innovative concept on its way to becoming one of the most successful direct-sales companies. Artfest is leveraging the momentum and growth in the fine art reproduction and collectibles industries and combining it with television advertising and marketing to drive global direct-sales channels. Artfest also intends to operate and manage a full-scale television network which will broadcast to over 40,000,000 households via satellite and cable, full power and low power distribution, art and other creative related programming. It is also intended that this television medium, which will be referred to as the Art Channel Network, will be used as an additional premier marketing tool to market and sell Artfest’s products thus creating additional market share for the Company’s products.
Founded 2007 Employees 16 Edward Vakser CEO EVakser*ArtfestInternational.com http://tinyurl.com/cb4jxo
Prospects Artfest has substantial potential for profitability both short and long term. The Fine Art and Autographed Limited-Edition Celebrity collectable concept will offer a one-of-a-kind valued product for Art Collectors, Art Dealers, and fans of Sports, Movies, Music and other celebrity-driven industries. Additionally, Artfest offers a best-in-class compensation and rewards structure to its members which will promote further art sales as more members become increasingly involved in the rewards program.
Industry According to Mac Report, a media company that provides a Web-based forum for public and private issuers, the worldwide market for collectibles is worth $120 Billion annually. With the penetration of the personal computer and the Internet into most nations, this market is predicted to grow at a healthy pace over the next two decades. There are several companies who are experiencing phenomenal success in the Art Reproduction Direct-Sales Industry. One of these companies that use a Direct-Sales approach has obtained $136 million in sales in less than 21 months (see **Valuation Analysis). Another company in 1996 sold 66.7% of their ownership for $930 million. These sales figures are even more impressive considering the artists are relatively unknown. The key to Artfest’s projected significant growth in year two is that the software platform, infrastructure and sales membership is in place.
Diversified Marketing Plan
Direct Marketing and Sales & Independent Dealers: This model is centered on an Associate Rewards Referral / Party Plan System modeled after companies like Home Interiors, Tupperware, Pampered Chef and Avon. This ARTI Virtual Commissions Reward Card System is patent-pending protected because of the new and exciting applications it brings to this direct-sales business model. New Art Dealers receive special training from the artists themselves and a personalized e-commerce Art Channel Galleries website. Internet Driver: This strategy offers Art Channel Associates and Members a state-of-the-art website that is a completely automated and turn-key online business building system that will create unlimited traffic SPAM FREE to the Art Channel Associate and Members websites. This system uses Artfest’s proprietary technology process that is unmatched in the industry. Art Channel Network: Artfest international is in negotiations to set up its own television network which will be referred to as the Art Channel Network. It will be an additional source of advertising revenue & art sales leveraged from the years of production experience of the management team.
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Transfer Agent: Island Stock Transfer 100 Second Avenue South Suite 705S St. Petersburg, FL 33701
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Artfest International, Inc. Announces the Launch of Artfest News Magazine and Sports Memorabilia Package DALLAS, TX -- (Marketwire) -- 02/25/09 -- Artfest International Inc. (OTCBB: ARTI) announces the launch of Artfest Art News Magazine. Artfest News Magazine has begun the launch of its artistic content that is being distributed by Art Channel Galleries, the marketing arm and wholly owned subsidiary of Artfest International, Inc. During the First Quarter 2009 Artfest International, Inc. has developed numerous promotions and special purchase packages to introduce a select number of acclaimed artists and memorabilia collections to our members at substantially reduced prices for our members during these difficult economic times. In addition to revenues from art content sales the company's wholly owned subsidiary, Art Channel, Inc. has signed several contracts to produce new programming content for our clients and the new framing and memorabilia content will allow Artfest to offer a very unique product and content. Edward Vakser, CEO of Artfest International, Inc., is projecting great revenues generated by the exposure of the new Artfest News Magazine and the latest acquisition of the memorabilia company and its content. "The fact that we now have NFL, MLD, NHL and NBA contracts, as well as all the college teams, give Artfest just the right content to create a new business opportunity to its members and stockholders." "We believe that the addition of Artfest News Magazine, featuring world renowned artists, athletes, and all the major sports franchises, as well as special promotions and curator art specials that we are promoting this Quarter, will succeed in expanding and enhancing our current product offerings which will expand our current audience and increase our revenues," stated Artfest CEO, Edward Vakser. "Furthermore we believe the foundation has been put in place to prepare Artfest for a successful and profitable 2009 which will result in increased value to our shareholders and members worldwide."
Artfest International, Inc. Announces January Revenue Results and First Quarter Revenue Projections DALLAS, TX -- (Marketwire) -- 02/09/09 -- Artfest International Inc. (OTCBB: ARTI) announces January revenues exceeded $125,000 as Artfest International, Inc. has begun the launch of its artistic content that is being distributed by Art Channel Galleries, the marketing arm and wholly owned subsidiary of Artfest International, Inc. During the First Quarter 2009 Artfest International, Inc. has developed numerous promotions and specials purchase packages to introduce a select number of acclaimed artists to our members at substantially reduced prices for our members during these difficult economic times. In addition to revenues from art content sales the company's wholly owned subsidiary, Art Channel, Inc. has signed several contracts to produce new programming content for our clients. Edward Vakser, CEO of Artfest International, Inc. is projecting revenues to exceed $450,000 for the First Quarter 2009 based upon artistic content sales through our members' virtual art galleries and programming contracts signed and contracts currently in negotiations to be completed during the First Quarter by our production subsidiary Art Channel, Inc. "We believe that the addition of world renowned artists, special promotions and curator art specials that we are promoting this Quarter that Artfest will succeed in expanding and enhancing our current product offerings which will expand our current audience," stated Artfest CEO, Edward Vakser. "Furthermore we believe the foundation has been put in place to prepare Artfest for a successful and profitable 2009 which will result in increased value to our shareholders and members worldwide."
Artfest International, Inc. Announces Letter of Intent to Acquire CSD (Charity Sports Distributor, Inc.) DALLAS, TX -- (Marketwire) -- 02/19/09 -- Artfest International, Inc. (OTCBB: ARTI) announces that the company has signed a Letter of Intent to acquire CSD (Charity Sports Distributor, Inc.), which was founded in 1996. CSD is a vertically integrated Texas-based custom framing company which specializes in the design, production, and distribution of authentic framed autographed sports and entertainment collectibles and art pieces. CSD's distribution avenues include B2B and B2C sales, charity fundraising auctions, professional and college sports teams' pro shops, e-stores, online auctions and a revolutionary in-game silent auction concept known as Home Game Auction. CSD's thirteen (13) year experience in the professional and college sports marketplace has developed an extensive client list which consists of hundreds of private charities and over forty (40) professional and college teams, including the Dallas Cowboys, Washington Redskins, Oakland Raiders, Houston Rockets, Dallas Mavericks, Cleveland Cavaliers, Phoenix Suns, Arizona Diamondbacks, Dallas Stars, Ohio State, Texas, Texas A&M, Oklahoma, Alabama, Georgia, Auburn, Florida State and UCLA. Artfest International, Inc. expects to complete the acquisition during the First Quarter of 2009 and be in a position to launch the distribution of CSD's product line through Art Channel Galleries, the marketing arm and wholly owned subsidiary of Artfest International, Inc., during the Second Quarter 2009. The addition of CSD's product line in the Second Quarter will complement and expand Artfest International, Inc.'s ongoing product promotions and special purchase packages that are directed towards introducing a select number of acclaimed artists to our members. CSD recorded revenues in calendar year 2008 of $3.3 million. Upon closing, CSD will operate as a wholly owned subsidiary of Artfest International, Inc. "We believe that the acquisition of CSD will result in the immediate expansion and enhancement of our current product offerings and will lead to an expansion of our current audience," stated Artfest CEO, Edward Vakser. "Furthermore this acquisition will enable Artfest International, Inc. to vertically integrate framing and canvas stretching operations and enable the company to increase the overall profitability of our product lines which we believe will build greater shareholder value and increased value to our worldwide membership." "CSD's innovative framing is widely regarded as the premier quality brand in the autographed memorabilia marketplace, and by joining a dynamic company like Artfest International, we now posses the most expansive product portfolio in the autographed collectibles industry," stated Michael Morigi, Senior Vice President - Global Sales.
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Posted by: EDWARD STEVENSON Date: Sunday, March 22, 2009 1:44:09 AM In reply to: None Post # of 73
Have a glance at this article. Artfest International certainly fits among the characteristics of the companies that this fund is focusing on. Their development and progression is attracting numerous private investors that have helped them raise nessesary operating capital.
Can Artfest Internation, Inc. potentially become IndexAtlas' next target?
Private Equity Fund to Focus on Businesses Serving the Art Industry
NEW YORK--(Business Wire)-- IndexAtlas has announced the formation of the Art Industry Fund, a multi-million dollar private equity fund that will invest exclusively in businesses serving the art industry. Auction houses, advisory services, financial and security firms as well as software and media companies are among those being considered for inclusion. The fund will not invest in art assets.
The IndexAtlas Art Industry Fund will begin investing an initial fund of $50 million on June 1, 2008 and is anticipated at being fully invested no later than December 31, 2009. The average investment will be in a range of $3 to $8 million and is expected to last four years.
According to IndexAtlas Group's founder and CEO Sergey Skaterschikov, the fund aims to generate an annualized IRR in excess of 35%. The fund has no geographic limitations, though a strong preference for companies with operational headquarters in the United States prevails. Skaterschikov will serve as investment manager and will run the fund management team of five investment and research professionals based in New York.
"The fund's primary objectives are to bring increased transparency to art investing and to support development and expansion of lasting institutions that will serve the art world and the greater alternative investment market as a whole," said Skaterschikov. "We seek to attain that mission in challenging art market environment by actively adding value in the boards of our portfolio companies and adhering to the ethical and transparency standards of today's mainstream financial markets."
A 35-year old Russian national based in Moscow, Sergey Skaterschikov is a financier with 15 years of experience in the investment markets and boards of public and private companies. In 2001 he established IndexAtlas, an investment banking boutique with offices in New York, Moscow and Vienna. IndexAtlas Group is engaged in investment banking, corporate finance and strategy, private equity and alternative investments. Since its inception, IndexAtlas Group has advised on $2.4bn in M&A, IPO, private equity and debt transactions. As of 31 March 2008, it had over $0.4bn in private equity funds under management and fully invested.
In 2007, Sergey Skaterschikov's first book, "Skate's Art Investment Handbook," was published in Russia and the U.S. Directed at private and institutional investors in art starting from $1 million in allocation to art assets, the study remains the most current comprehensive guide to art investing. It drew upon data found in Skate's Art Investor's Service, an IndexAtlas Group member company that provides high net worth individuals, private wealth managers and institutional investors with unbiased investment research on the world's most valuable art.
"The IndexAtlas Art Industry Fund is an application of the driving principals expressed in "Skate's Art Investment Handbook," said Skaterschikov. "I encourage anyone interested in the Fund to read it."
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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Posted by jimmybob7 Yep ~ may open over .01, but who knows. [U]Stock was at $1.15 Jan 2008[/U]... Only 35 million shares traded to get it down to these levels. We have traded 18+million past 7 days... only a matter of time
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Friday, March 27 2009 10:30 AM, EST Artfest International, Inc. Announces a Comprehensive Business Pursuit Market Wire "US Press Releases " DALLAS, TX -- (MARKET WIRE) -- 03/27/09 -- Artfest International, Inc. (OTCBB: ARTI) announces the unveiling of a comprehensive business pursuit. In collaboration with numerous candidates, Artfest International, Inc. has been seeking creditable and prospective establishments to endow their several subsidiaries.
Edward Vakser, Artfest CEO, remarked, "We have long awaited the opportunity when time would permit us to embark on a roll up of a number of well-established firms, benefiting our wholly owned subsidiaries, and solidifying the arms outstretched to ample markets regarding the art and media sectors." Mr. Vakser went on to affirm, "Encouraged by the strong foundation that has been laid, we feel that it would be to our, and shareholders', best interests, for us to begin building value by securing premeditated partners through multiple acquisitions."
Promoting maturity and development to their media component, Artfest International, Inc. has begun an intuitive process of revising a select assembly for a line of prospective candidates for intelligent acquisition purposes. Management anticipates that extensive advancement will be made mid-way through the second quarter.
Standing to the relayed acquisition of Charity Sports Distributor, Inc. , a Texas -based custom framing company specializing in the design, production, and distribution of authentic framed autographed sports and entertainment collectibles and art pieces, has progressed to the point where management finds themselves in the late stages of finalizing the deal.
Collaboratively Artfest management is diligently working to offer rational financing alternatives to its members in art purchases. Details pertaining to this development will be made available shortly.
About Artfest International, Inc.
Artfest International, Inc. is a publicly traded Company under the stock symbol "ARTI." Artfest brings together artists, investors, decorators, designers, private collectors and art galleries. Artfest International's corporate site is www.artfestinternational.com. Artfest's subsidiaries are Art Channel, Inc. www.artchanneltv.com, and Art Channel Galleries, Inc. www.ArtChannelGalleries.com, offering the most exciting product and rewards program in the history of direct sales marketing.
Safe Harbor Statement -- This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual or future results may differ materially from those anticipated depending on a variety of factors, including continued maintenance of favorable license arrangements, success of market research identifying new product opportunities, successful introduction of new products, continued product innovation, sales and earnings growth, ability to attract and retain key personnel, and general economic conditions affecting consumer spending. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. ARTI does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.
Corporate Contact: Artfest International Inc. Member Relations: Shirley A. Casavant Tel: 877-278-6672 Investor Relations: Steven B. Rash 15851 Dallas Parkway, Suite 225, Addison, TX 75001 USA marketing*artfestinternational.com
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Posted by: EDWARD STEVENSON Date: Friday, March 27, 2009 3:54:37 PM In reply to: EDWARD STEVENSON who wrote msg# 17634 Post # of 17642
ARTI ~ Fundamental analysis of the press release titled,
"Artfest International, Inc. Announces a Comprehensive Business Pursuit".
When investing in a corporation that has been known to release nothing but solid, materialistic reports and/or updates, investors often find it beneficial to question it's purpose and the information that it is meant to deliver. This press release was structured in a very interesting manner. For instance, the company's intention in several sentences was to generally deliver or prepare investors in forthcoming acquisitions - yes multiple acquisitions as they had mentioned, "by securing premeditated partners through multiple acquisitions."
Also, notice how they were very contained in their choice of words. In was written in a matter as to almost base releases in the near future off of this one in particular. And on a side note -- similar to how management worked hard to solidify their branches or "arms outstretched" in order to build a solid base on which strategic acquisitions could be made logic of.
The update pertaining to an earlier announced acquisition, Charity Sports Distributer was also very brief, but ESSENTIAL and naturally informative. Notice the strong message that was sent across by, "late stages of finalizing the deal". There is no play on words in that sentence, there are no tricks to their manner. They have merely, with a serious expression, attended to business. The investment is complimented by this serious approach. They have no intention in "pumping" anything with their releases as some other OTC stocks commonly continue to do. That is why they have tendency to keep on edging north as they have in the last handful of sessions.
Similarly, they conclude the report by mentioning that new financing means have been reached in an effort to help their members with art purchases, "Collaboratively Artfest management is diligently working to offer rational financing alternatives to its members in art purchases. Details pertaining to this development will be made available shortly." Once again a solid move for the company itself. This arrangement, upon release of it's details and everything else that may pertain to it, may very well benefit their sales department and compliment their business model. These are all fundamental qualities investors seek when encountering a company with extraordinary potential.
The beauty to all that the company had managed to reveal in this communication line of theirs was their consistency in handing out time lines or approximate date(s). Although nothing was made specific, the press release clearly came across delivering the message that this company is looking to embark on an aggressive acquisition outing in 2009. Investors have quite a bit to look forward to in the coming weeks is the least that can be said of this imho.
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Posted by: EDWARD STEVENSON Date: Saturday, March 28, 2009 8:37:22 PM In reply to: EDWARD STEVENSON who wrote msg# 17649 Post # of 17663
ARTI ~ The acquisition of Charity Sports Distributer.
When the letter of intent to acquire this company was initially issued, it was reported that CSD (Charity Sports Distributer) had:
"recorded revenues in calendar year 2008 of $3.3 million."
In a recent update, the company reported this deal to be in it's final stages:
"Standing to the relayed acquisition of Charity Sports Distributor, Inc. , a Texas -based custom framing company specializing in the design, production, and distribution of authentic framed autographed sports and entertainment collectibles and art pieces, has progressed to the point where management finds themselves in the late stages of finalizing the deal."
Consequently, one investor wonders, who exactly CSD is and what it is that they will be bringing Artfest as a "wholly owned subsidiary", besides a substantial revenue stream (as stated above) on top of theirs?
Well the first measure involved locating their website and browsing through their unique offerings: http://www.csdsportsframing.com/
One very interesting dynamic marketing strategy that they implement is something that they call "Home Game Auction". A little on this system is jotted down (below).
Home Game Auction
Home Game Auction, a proven and dynamic program, captures a sense of urgency that regular storefronts can't. Visitors to a storefront look at your memorabilia, enjoy it, and then walk away. Selling memorabilia in silent fund raising auctions during your game creates great urgency and excitement, leading to increased sales. Watch potential winners protect their targeted prize before the auction closes. With Home Game Auction, you'll see your sales climb higher than you thought possible. http://www.csdsportsframing.com/charity_fund.asp
***This unique marketing strategy has obviously proved sufficient and successful to this company. Artfest is in the late stages of acquiring this company, again, as a "wholly owned subsidiary". That would mean CSD's marketing tactics, ie. silent fund raising auctions, could be implemented to further marketing and sales of Artfest's authentic artwork and art memorabilia. Consequently, sales of either company would soar, merely based on the broad marketing that each company would compliment the other with!
The basis of this company, however, is specialty framing. Observe some of their pieces online, as well as a short description of this unique and exclusive service (below).
Specialty Framing CSD's custom framing sets us apart from the rest of the industry. Rather than treating framing as a secondary part of our business, we focus on it. We take great pride in delivering the best results you'll find anywhere. Our quality allows you to pass down your commemorative items for generations.
We don't just do sports framing — we create sports art. No competitor can match our matting, framing, or unique layouts. While we specialize in framing sports memorabilia, we can frame anything you desire. We love to be challenged. Look at our photo gallery to see some exciting examples of items we've produced.
Sports figures and athletes throughout the country choose CSD for their personal framing, so you know you can trust us to deliver on quality. We can preserve your military medals, your wedding memories, your graduation diploma, or your child's sports jerseys. http://www.csdsportsframing.com/custom_framing.asp
***Logically, first and foremost, CSD saves Artfest all the trouble and complication(s) involved with framing their own artwork and art pieces. In short, they compliment Artfest's business in a humongous way. ***Another key thing to keep in mind is the similarity in "authentication" between both parties or companies. Both focus on delivering their consumers, clients, customers, top of the line products that are only available in limited quantity, otherwise AUTHENTIC.
In addition, CSD offers some beautiful items for purchase online, engulfing a larger base for potential consumers, that is, worldwide. http://www.csdmemorabilia.com/
As one can deduce from this simple study, Artfest International, Inc. has really done their homework in evaluating the benefits to this acquisition, similar to how investors evaluate their investment in this very same company.
It seems, at least according to their latest release that their pursuit at mind, is one of acquiring an array of quality and established companies like Charity Sports Distributor, Inc., who will not only bring them MULTIPLE REVENUE STREAMS, but additionally, benefit their business, marketing, or any other component of their business model. This would mean that substantial company growth would not only occur through Artfest's efforts, but through the collective efforts of the company itself, AND these numerous benefiters as well.
"Edward Vakser, Artfest CEO, remarked, "We have long awaited the opportunity when time would permit us to embark on a roll up of a number of well-established firms, benefiting our wholly owned subsidiaries, and solidifying the arms outstretched to ample markets regarding the art and media sectors." Mr. Vakser went on to affirm, "Encouraged by the strong foundation that has been laid, we feel that it would be to our, and shareholders', best interests, for us to begin building value by securing premeditated partners through multiple acquisitions."
The term "roll up" is when a base company buys up (or in this case acquires) an array of other companies to benefit their business, revenue, perhaps equipment/supplies and assets as well.
The literal definition of "premeditated" is "Characterized by deliberate purpose, previous consideration, and some degree of planning", or otherwise, "Planned, weighed, or estimated in advance". http://www.answers.com/topic/premeditated
Therefore Artfest has logically realized their chances of success in the market will increase drastically by incorporating multiple subsidiary to work for their benefit. Shareholders will consequently be greatly rewarded as the company's evaluation skyrockets through these efforts.
And the best part of all this is -- Artfest International has already announced that this acquisition of CSD is in it's final stages, as well as this being the first among a long line of quality moves to come.
with float below 60M? Overbought since .006 pps - no selling at all.
credits to Edward Stevenson:
Posted by: EDWARD STEVENSON Date: Sunday, March 29, 2009 10:38:24 PM In reply to: GeorgeTheStub who wrote msg# 611 Post # of 701
and the company has apparently not sold any shares.
That is a very interesting point that you bring up there George.
The fact of the matter is -- it's in the company's best interests to support the liquidity or otherwise interest towards it's security and see it's price per share escalate rather than merely sell shares as some of the notorious "printing press" OTC companies.
The means by which Artfest has been looking to secure the needed operating funds or capital have been non-dilute. In fact these efforts have involved and will continue to involve private investors, commonly referred to as accredited investors. This would involve the sale of restricted stock (with an appropriate restriction legend) usually at a pps much above that of the market.
Now imagine an individual looking to invest $5M into Artfest in exchange for restricted stock * 0.10 per share. How could Artfest possibly convince the individual that their investment would appreciate over time and eventually yield them returns on top of their original stake? Well, they take to their security and show the immense growth that their stock has experienced as of late. There management points out potential. This investor, in a sense, is no different than any other. They too, study the fundamentals to the company and examine whether or not their is potential for this business to blossom.
So why is it that "printing press" companies don't take to these measures? Simply b/c there are absolutely no fundamentals (and commonly hardly a company) that an accredited investor has to evaluate altogether. Therefore these companies allude to dilution.
Artfest, however, has attracted significant interest on the part of some large (private) investors. The capital that they will be able to secure will help finance their activities and further develop their business model, with numerous strategic acquisitions to follow suit (as they had announced in their latest release). The pps therefore carries quite a bit of significance as a penny stock and a sub-penny stock really do reflect a different class of security and hence the company that they reflect.
That is why Artfest International, Inc. has no interest in selling stock at this point in time. They have larger capital to secure by non-dilutive means. This in turn, adds significant shareholder value and reflects upon the pps of the security as has been observed over the past couple of weeks.
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Posted by: butty798 Date: Thursday, April 02, 2009 3:29:06 PM In reply to: bottomdollar who wrote msg# 990 Post # of 998
As it was explained to me, we are trading stocks in the wild west. Not all bid/asks are posted it is up to the discretion of the MM/Broker. There is no rule that says they must. However you can call your broker as I did yesterday and request that they show yours nite was on the bid at .006 mine was.0065 it showed and was filled shortly after for 139k.I'm not saying this will work every time but if I dont see mine I call E_TURD and complain.I also call when buys and sells go around mine. So f*ck em they work for me and I Will call anytime I have to.
As far as the 10-k I spoke to the CEO yesterday at 2:45pm. I basically asked 2 questions as to the 10-k/q he had not spoken to their Attorney today but he thought that they might be finished and would most likely be out before the 15Th. As for the acquisition of the framing co. And I quote him (the press release is ready but the money is not in the bank yet). BUTTY
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Posted by: EDWARD STEVENSON Date: Thursday, April 02, 2009 8:35:36 PM In reply to: EDWARD STEVENSON who wrote msg# 978 Post # of 1021
Valuation Analysis.
With the consideration of Charity Sports Distributer, Inc. as a wholly owned subsidiary (an acquisition to be closed shortly) of Artfest International, Inc.
Artfest revenue projections for the first quarter 2009: $450,000 x 4 quarters = $1,800,000. Charity Sports Distributer, Inc. revenue: $3,300,000. Together $1,800,000 + $3,300,000 = $5,100,000.
The P/E ratio for the services sector stands at 15. Therefore...
0.0076 EPS x 15 = 0.11 PER SHARE VALUATION.
Now, not only is the stock currently at a price per share of 0.007 but the company had additionally announced that several other acquisitions are to follow in the second quarter 2009... companies similar to CSD (Charity Sports Distributer, Inc.) with established revenue, which will significantly increase the valuation, and hence shareholder value.
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Friday, April 03 2009 11:28 AM, EST Artfest International, Inc. Announces Financing Options Available for Art Purchases Market Wire "US Press Releases " DALLAS, TX -- (MARKET WIRE) -- 04/03/09 -- Artfest International, Inc. (OTCBB: ARTI) announces new financing options are now available for member art purchases. In cooperation with a major National Bank , Artfest International, Inc. is making available to its members the Artfest Visa and MasterCard. Collectively this financing alternative will offer a line of credit ranging from $500.00 to $25,000.00 depending on an individual's credit merit. A card holder will have the ability to exclusively purchase art from Artfest Galleries with 0% interest for twelve (12) months, as well as use anywhere MasterCard and Visa is accepted. The card has no annual fee, applicants can expect approval within 72 hours, as it provides for deferred or low minimum monthly payments.
"An Art Channel Galleries member will typically generate over $6,500.00 per year, to which this new line of credit is expected to add at least another 1,000 members and therefore drive revenues to new heights," commented Edward Vakser, Artfest CEO.
"From past experience, we at Art Channel, our Media division, were able to compel Art revenues in excess of $150 million for one of our clients in the span of one year. At this point, we feel confident that our sales experience can be translated to our current and newly-arriving members," stated Angie Tassan, Artfest CMO.
Artfest International, Inc. expects the innovative program involving the Artfest Visa and MasterCard to assist our members in making art purchases during these trying economic times. This will enable our members to participate in the company's ongoing product promotions and special purchase packages that are directed towards introducing a select number of acclaimed artists to our members.
On a separate entry we feel obligated to report standing to our pending acquisition of Charity Sports Distributor, Inc. Having completed a meticulous due diligence process in the first quarter 2009, we are awaiting final approval to our line of credit. The transaction will transpire on a non-dilutive basis whereby we will be issuing restricted stock to the accredited party.
The application form for the Artfest MasterCard and Visa is available online on the Artfest International, Inc. website www.artfestinternational.com.
About Artfest International, Inc.
Artfest International, Inc. is a publicly traded Company under the stock symbol "ARTI." Artfest brings together artists, investors, decorators, designers, private collectors and art galleries. Artfest International's corporate site is www.artfestinternational.com. Artfest's subsidiaries are Art Channel, Inc. www.artchannel.tv, and Art Channel Galleries, Inc. www.ArtChannelGalleries.com, offering the most exciting product and rewards program in the history of direct sales marketing.
Safe Harbor Statement - This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual or future results may differ materially from those anticipated depending on a variety of factors, including continued maintenance of favorable license arrangements, success of market research identifying new product opportunities, successful introduction of new products, continued product innovation, sales and earnings growth, ability to attract and retain key personnel, and general economic conditions affecting consumer spending. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. ARTI does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.
Corporate Contact: Artfest International Inc. Member Relations: Shirley A. Casavant Tel: 877-278-6672 Investor Relations: Steven B. Rash 15851 Dallas Parkway, Suite 225 Addison, TX 75001 USA marketing*artfestinternational.com
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Artfest International, Inc. (OTCBB: ARTI) announces new financing options are now available for member art purchases. In cooperation with a major National Bank , Artfest International, Inc. is making available to its members the Artfest Visa and MasterCard. Collectively this financing alternative will offer a line of credit ranging from $500.00 to $25,000.00 depending on an individual's credit merit. A card holder will have the ability to exclusively purchase art from Artfest Galleries with 0% interest for twelve (12) months, as well as use anywhere MasterCard and Visa is accepted. The card has no annual fee, applicants can expect approval within 72 hours, as it provides for deferred or low minimum monthly payments.
At a general glance of this release, the purpose is to inform shareholders that progress is being made to make the business more susceptible and flexible in allowing Art Channel Gallery members a reasonable way to purchase art.
On the other hand, what some may have missed...
(1)This line of credit made available will increase sales and profitability of the business b/c no longer will the consumer have to worry about having cash on hand to complete the transaction. In that sense this financing arrangement is very flexible.
(2)Confirmation of commitment and a solid relationship between the company (Artfest International, Inc.) and the bank. In the case that Artfest will ever need a line of credit granted towards their pursuits, they will immediately have the benefit of the doubt or otherwise the upper hand in such a scenario.
(3)New members will be recruited on the basis that this Artfest MasterCard and/or Visa will occur 0% interest for twelve months for Artfest Gallery member purchases. As the press release had mentioned, each member accounts for $6,500 annually, hence stimulating company revenues even more so. Keep in mind that if by any means revenue projections are beat, the valuation of this company immediately soars to new levels.
Furthermore, if anyone else had taken notice, the company went out of their way to inform shareholders on the status of the Charity Sports Distributer, Inc. acquisition. The immense anticipation behind the benefit to this intelligent move made available in the following post: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=36638817
On a separate entry we feel obligated to report standing to our pending acquisition of Charity Sports Distributor, Inc. Having completed a meticulous due diligence process in the first quarter 2009, we are awaiting final approval to our line of credit. The transaction will transpire on a non-dilutive basis whereby we will be issuing restricted stock to the accredited party.
(1)They mention the completion to a "meticulous" -- meaning thorough - due diligence process that they had undergone. In other words, similar to the benefits that one was able to derive from their own findings on the benefits that CSD will offer Artfest as a wholly owned subsidiary, Artfest International, Inc. management evaluated and appraised the value that this company would add to theirs. This could be anything from which responsibilities and/or duties CSD would carry as a part of their company, to revenue and value that they would add to Artfest's blooming business model. Remember that they have not only drawn in a very prestigious partner, but a network that tags along with it as well -- And that is a key to success in their business.
(2)The acquisition of CSD itself is a cash and shares consideration transaction. In other words they will be issuing restricted stock as well as transferring a certain amount of funds to acquire this company. The key here is that this process has been organized in a non-dilutive manner.
The line of credit is awaiting approval as they have stated, meaning the private investor or hedge fund that is offering them a considerable cash injection is processing the transaction with his/her respective bank. The way it commonly works is that this investor will receive restricted stock at a given price per share amounting to their cash injection. As a matter of fact, it will be interesting to see what terms, exactly, the two parties (the company and the private investor) had agreed to. Remember that above all, this individual would also like to see their investment appreciate in value. The terms worth waiting on is the price at which the restricted stock were issued...something that will, without doubt, be released upon confirmation to the closing of this intelligent transaction.
The restricted stock for the acquisition of CSD, is self explanatory in this situation. It is wonderful to hear that Artfest management was able to organize this transaction so effectively and in a manner so as to benefit as well as build shareholder value.
Artfest International, Inc. expects the innovative program involving the Artfest Visa and MasterCard to assist our members in making art purchases during these trying economic times. This will enable our members to participate in the company's ongoing product promotions and special purchase packages that are directed towards introducing a select number of acclaimed artists to our members.
Now for a way to logically connect this to earlier announcements and proceedings.
Notice that this release clearly branches off of their ealier one titled, "Artfest International, Inc. Announces a Comprehensive Business Pursuit" where they had concluded with:
Collaboratively Artfest management is diligently working to offer rational financing alternatives to its members in art purchases. Details pertaining to this development will be made available shortly.
Now as one would comprehend, it's only logical that earlier release's intent was to establish a base from which to branch off. Nothing specific, but a piece to inform those who took the time to read it through carefully. As that release was explained earlier on in the following message: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=36623035
To further expand on that thought...logically, the following seems next in line to be announced:
(1)Ultimately closing to the CSD acquisition -- management finds themselves in the late stages of finalizing the deal. (2)An update or perhaps candidate announcement to a new acquisition pursuit -- begin building value by securing premeditated partners through multiple acquisitions.
Besides material events -- and they have proven consistency in releasing only the finest and most crucial of releases as opposed to general spewl or "fluff" (as it's commonly referred to) -- they will be releasing financial statements in the coming days due to their fully-reporting classification as a bulletin board company. The 10K will reflect operation pertaining to the fiscal year-end period 2008, whereas the 10Q statement, which will conveniently be included with the 10K, will depict financial activities for the first quarter 2009. There are some projected revenues that are expected to be met -- to which -- a valuation analysis overview has been provided in the following message: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=36774422
But above all, as a shareholder and investor in Artfest International, Inc., it will be interesting to see the next move that management makes in manufacturing interest and shareholder value here.
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I bought some at .0048. Hoping for an easy double. Would love to see more. At least a solid bounce back I figure. Since it closed tuesday at .012. and here it is 3 days later at .0048. A 60% loss total....
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Monday, April 06 2009 10:27 AM, EST Artfest International, Inc. Announces an International Gallery Event in Launch of Art Rogers Art Market Wire "US Press Releases " DALLAS, TX -- (MARKET WIRE) -- 04/06/09 -- Artfest International Inc. (OTCBB: ARTI) is pleased to integrate the acclaimed Art Rogers to their prestigious line of featured artists. Exclusively through Artfest, the Art Rogers Collection will be featured at the international seminar held at the Madison building in North Dallas . The event will play host to a gallery of Art Rogers productions, promoting his work and a limited edition offer to Artfest members, investors, and buyers of fine art.
"Rationalizing that per edition returns amount between $200,000 to $300,000 in revenue, we approach the signing of each and every acclaimed artist as a firm step in progression towards our objective in edifying company value," stated Edward Vakser, CEO.
Artfest has begun the launch of Art Rogers' carefully chosen selection of watercolors and charcoal drawings on its website whilst distributed by Art Channel Galleries, the marketing arm and wholly owned subsidiary of Artfest International, Inc. Harry Thompson, Artfest International Inc.'s . Curator remarked, "We view each of Art Rogers chosen pieces as successful in the way each work of art captures the essential nature of their individual subject. Each selection has both a boldness and a fragility appropriate to its subject matter and the use of color and texture is handled in a masterful manner."
"At Artfest, we strongly believe that initiating a prime number of acclaimed artists via unique promotions and special purchase packages will prepare our company for a successful and profitable 2009," continued Edward Vakser, "by enhancing value for our shareholders and members worldwide."
Members, collectors and buyers are cordially invited to view Art Rogers's art at a special showing on April 10, 2009 from 1pm to 8pm , at the Artfest International Inc. Corporate Office, The Madison Building, 15851 Dallas Parkway, suite 225. Addison, TX 75001, or by visiting: www.artchannelgalleries.com/artrogers
About Artfest International, Inc.
Artfest International, Inc. is a publicly traded Company under the stock symbol "ARTI." Artfest brings together artists, investors, decorators, designers, private collectors and art galleries. Artfest International's corporate site is www.artfestinternational.com. Artfest's subsidiaries are Art Channel, Inc. www.artchannel.tv, and Art Channel Galleries, Inc. www.ArtChannelGalleries.com, offering the most exciting product and rewards program in the history of direct sales marketing.
Safe Harbor Statement -- This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual or future results may differ materially from those anticipated depending on a variety of factors, including continued maintenance of favorable license arrangements, success of market research identifying new product opportunities, successful introduction of new products, continued product innovation, sales and earnings growth, ability to attract and retain key personnel, and general economic conditions affecting consumer spending. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. ARTI does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.
Corporate Contact: Artfest International Inc. Member Relations: Shirley A. Casavant Tel: 877-278-6672 Investor Relations: Steve Rash 15851 Dallas Parkway, Suite 225 Addison, TX 75001 USA marketing*artfestinternational.com
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Posted by: EDWARD STEVENSON Date: Wednesday, April 08, 2009 3:56:37 PM In reply to: IronNippalz who wrote msg# 1297 Post # of 1338
According to a recent conversation with the CEO...
The major acquisition of Charity Sports Distributer, Inc. is coming to a close, after a mere 6 weeks or deliberation.
Filings will be arriving shortly, and revenue projections for the first quarter 2009 ($450,000) are expected to be met.
The outstanding count still remains true to the 10Q filings way back in November, ~ 169M.
He believes shareholders who have remained loyal through the test of time will be well rewarded once opportunity grants him several releases pertaining to some of the strong moves he has made in the past few weeks, besides the acquisition of CSD.
Also, Edward Stevenson had spoke to Mr. Vakser, CEO, about the information that the T/A is willing to issue. Their policy requires for the company to give permission beforehand revelaing share structure info, however, the CEO promised to have the T/A's policy, at least pertaining to ARTI, made transparent.
The concept of being able to buy art and home décor online has been a concept that has been around for many years. Needless to say, there are thousands of online stores that do just that. ArtFest International, found at http://www.artfestinternational.com, has taken a different approach to not only buying art online, but also selling it.
When you visit http://www.artfestinternational.com , the more you read, the more you will appreciate their mission. They are looking to provide many ideas, information and product dealing with art to many different people while placing this abundance of information in one convenient location.
Through the use of the internet, ArtFest International uses many streams to provide users the best experience on all levels. Starting with the television broadcasting, “ArtFest Presents”, ArtFest International has allowed people to delve into the world of art through seeing, listening and experiencing art on an entertainment level. This approach captivates people of all ages.
MyArtFest.com is another avenue that ArtFest International has taken. Through this site, buyers, and sellers alike, can get together to make art transactions. The website offers yet another unique way for people who appreciate art to share their talents and admiration.
Among other things, the acquisition of Art Channel Galleries is a recent move that shows the consistent evolvement of the ArtFest Internaional company. This is a site that features artists from around the globe in a single place where you are able to read about them, view artwork and purchase their artwork all from the comfort of your home. This is an approach that really brings art into the recent times where computer technology reigns.
I like the fact that ArtFest has taken a proactive approach at getting into many areas that pertain to the art niche. Not only does it allow for different outlets and avenues, it shows a strong marketing and development team. They really have a company that operates on multiple levels to ensure the consumers full experience. If a person examined ArtFest International on all their levels, they would not only see the finished product; they would also see how it got there, the professional management behind ArtFest International and the expertise that drives their company full speed to greater heights.
Unlike many other online “art stores”, ArtFest actually knows what is going on in the art world at a high and low level, what consumers are looking for and how to keep their attention. The experience of a consumer is often times the draw factor that brings them back. With the combination of good information, exceptional quality artwork and a passion unlike no other, ArtFest will see amazing results as they continue expansion efforts.
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This arti spiked on the speculation of this aquisition thats happening. Straight to .012. And then came back down to reality.... Iwas expecting a good bounce, but instead it fell down to .003 this morning. Maybe i'm just missing something, but that seems low.
Considering this aquisition of the framing Co. is now in its 7th week, and in its final stages... the framing companies marketing strategies that allow them $3.3mil in revenues in 2008. Marketing strategies that when implimented into art sales, will make profits for ARTI soar... The news a couple weeks ago about the IndexAtlas private equity fund, who gives investing capital to Art based companies. ARTI being a perfect candidate for... the new artfest financing available to customers... The new artist just signed...
My guess. When this aquisition is finalized. All these developments will be put back into the spotlight. And I believe we will be heading back up to penny land.
We will see. I am a rookie. Dont take my word for anything but an uneducated guess. But I think this thing is coming back to life soon.
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