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[QUOTE]Originally posted by atleast: [QB] Latest news: [b]Artfest International, Inc. Announces the Launch of Artfest News Magazine and Sports Memorabilia Package[/b] 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." [b]Artfest International, Inc. Announces January Revenue Results and First Quarter Revenue Projections[/b] DALLAS, TX -- (Marketwire) -- 02/09/09 -- Artfest International Inc. (OTCBB: ARTI) announces [b]January revenues exceeded $125,000[/b] 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 [b]projecting revenues to exceed $450,000 for the First Quarter 2009[/b] 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." [b]Artfest International, Inc. Announces Letter of Intent to Acquire CSD (Charity Sports Distributor, Inc.)[/b] 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 [b]recorded revenues in calendar year 2008 of $3.3 million[/b]. 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. [/QB][/QUOTE]
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