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Monday, April 20 2009 9:01 AM, EST Artfest International, Inc. Issues Shareholder Update Market Wire "US Press Releases " DALLAS, TX -- (MARKET WIRE) -- 04/20/09 -- Artfest International, Inc. (OTCBB: ARTI) updates its shareholders regarding business activities and prospective plans.
Acquisition of Charity Sports Distributor, Inc.
After committing with a letter of intent to acquire CSD ( Charity Sports Distributor, Inc. ) in February 2009 , management's objectives involve securing the best financing options available, in benefiting the company and its shareholders. Intended to immediately expand and directly enhance Artfest's current product offerings, management believes that CSD's thirteen years of experience in the professional and college sports market will assist Artfest in significant revenue growth. CSD holds exclusive agreements with hundreds of private charities and over forty professional and college teams, which can be viewed at www.csdsportsframing.com,www.csdmemorabilia.com and www.homegameauction.com.
Acquisition of a recording studio and its facilities.
Negotiations involving financial arrangements to acquire a 35,000-square-foot facility, located in Dallas, TX , are being aggressively approached. The studio and its facilities were constructed to handle the specific requirements of top recording artists, as well as major film, television and commercial needs of Fortune 500 corporations and their entertainment divisions. Upon completion, Artfest will be capable of executing multiple pending contracts with major names in the music and entertainment industries.
Business strategy involving roll-up.
Management has targeted a potential acquisition candidate with the intent of increasing value in Artfest's television and media division. Under terms of the non-disclosure agreement, signed upon preliminary discussions between the company and the party's top executives, Artfest is unauthorized to release information revealing specific terms, figures, or otherwise names relevant to this negotiation. Artfest management believes that this private party will bring the company impressive value through their operations and multi-million-dollar revenue streams.
Share Structure.
Current share structure count, including issued and outstanding stock, is offered to all shareholders and interested parties via Island Stock Transfer. The company would like to clarify that recent increase in shares issued and outstanding is due to the conversion of promissory notes dated July 2008 , issued to former insiders. Details are available in the annual (10-K) filing.
In addition, management and the Board of Directors have been reviewing a potential stock re-purchase program. In lieu of finalizing several key acquisitions, management believes that the company's stock is highly undervalued and misrepresents Artfest's worth. The company believes this incentive will help increase market valuation as well as attract new and long term investors. The Board of Directors is currently reviewing arrangements to this stock re-purchase program, including a joint cooperation with accredited parties.
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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Friday, April 24 2009 11:31 AM, EST Artfest International, Inc. Announces Debut of the Preeminent "Artfest Expo Center" Market Wire "US Press Releases " DALLAS, TX -- (MARKET WIRE) -- 04/24/09 -- Artfest International, Inc. (OTCBB: ARTI) announces new corporate office and residence in the Expo Center, located in the prestigious North Dallas design district. In collaboration with the center's proprietor and the City of Dallas , the building will be renamed the "Artfest Expo Center."
"The Artfest Expo Center will host gallery events, artistic shows, and a gathering center for retail in the central Texas region," explained Edward Vakser, CEO. "The inspiration in this center is to provide a prominent setting for designers and collectors of fine art and memorabilia. Our goal is to bring our projects and artists together with consumers."
Statistics confirm the Expo Center to be situated in one of the most preeminent retail and design demographic areas. The Expo Center generated an average of $700 per square foot as a Gabbert's furniture showplace, amassing over 100,000 square feet of potential. "In the retail industry, traffic is a vital study, as the idea is to locate where masses of potential consumers reside," elaborates Angie Tassan, CMO. "Revenue per square footage is a calculation used to determine the profitability and prospect of a particular area of interest."
The Artfest Expo Center's grand opening will take place on May 2nd, 2009 , integrating three consecutive "Creating Wealth Through Art" seminars at 1 p.m. , 2 p.m. , and 3 p.m. , respectively. After hours entertainment will feature Dallas's hottest new musical and visual artists. The 6 p.m. to 8 p.m. show will be coordinated by Sir Earl Toon, Artfest's new musical director. RSVP at 877-278-6672.
Joining the Artfest Expo Center will be Charity Sports Distributor, Inc. (CSD), who will feature its memorabilia and sports collectibles. A virtual tour of the facility will be available on Artfest's corporate website shortly: www.artfestinternational.com
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Proffitable Financials due out soon. Acquisition PR expected very soon. Artfest Expo center opens May 2nd, followed by a few shows.
This was primed to go over .04 today. But for some mysterious reason, the price dropped under .03 for a bit, and closed at .035. Afterhours quote at .03.
Now I wouldnt bet my life on it. But my guess that WORST CASE SCENARIO. Things repeat last week. Volitile with slight declines every day. Closes strong friday. THEN..... The frame acqusition announced just in time for the grand opening of the expo center (5/2). financials looking very strong with the acqusitions' millions in profit, added to artfests.
Not to mention the speculated profit. Using the marketing techniques, and platform, developed by the framing company artfest bought. The framing company doubled their profit within a year. I believe. That was one of Artfests biggest motivators to buy. They plan to ipliment the same techniques, and online platform, to double artfests profit too.
Of course thats only for the people who stick around for a while. All the other big news. The timer is set for May 2nd. Or sooner..... If they are selling for .03 in the morn, watch. This one is going to move.
But dont take my word for nothing. Do your own homework. I'm a rookie.
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Wednesday, April 29 2009 10:50 AM, EST Artfest International, Inc. Marketing Strategy to Focus on Large North American Retailers Market Wire "US Press Releases " DALLAS, TX -- (MARKET WIRE) -- 04/29/09 -- Artfest International, Inc. (OTCBB: ARTI) is pleased to announce that the Company has launched a strategic marketing strategy focusing on selling its products, services, and technology to large retail chains in North America . Artfest International will be looking to structure agreements in the near future with retailers, such as Costco, Walmart, Sam's Club, Home Depot, and Lowes, amongst others.
Artfest International is focused on connecting the passions of artists, galleries, investors, decorators, designers, and art collectors on a global scale. The Company is able to achieve this through its subsidiary companies, Art Channel, Inc. , and Art Channel Galleries, Inc. , as well as through its e-commerce Web site, www.myartfest.com. Artfest International also provides marketing services to its subscribers through My Artfest Services. The Company's mission is to increase its subscribers' sales by providing top-quality marketing tools, items-of-value and relationships that expand their customer base and physical reach.
Artfest recently opened a new retail site at its new Artfest Expo Center in Dallas, Texas . "The retail component is yet another distribution point for Artfest to increase the market awareness and sales for our company," comments Angie Tassan, Artfest CMO. "The current expansion into memorabilia market and our pending acquisitions in sports and memorabilia companies, has expanded our current catalog and increased interest from major retailers in our authenticated and unique product lines," stated Shirley Casavant, VP of member relations.
" Artfest International has created many channels to connect organizations and individuals who are interested in art and memorabilia. We feel that by creating relationships with the large retail chains in North America we will be able to increase our brand awareness and subscriber base," stated Edward Vakser, CEO of Artfest International, Inc.
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This was moving north again today. I think this might be the climb starting. I expect .02+ when the expo center opens, and the acqusition is anounced.
As sellers start flipping... The excelent financials will come out. Combined with the framing companies 3+ million in revenue. And the speculation that the expo center, and online sales techniques should raise profits higher.
After the financials. I expect arti to make a new home at .02. And heading north from there...
Alot of buzz about this one in dallas. I read on another message board. Arti is getting ready to move big very soon IMO.
I think we clear .005 by weeks end or sooner. And next week we do the happy dance...
Posted by: EDWARD STEVENSON Date: Thursday, April 30, 2009 4:29:03 PM In reply to: EDWARD STEVENSON who wrote msg# 18893 Post # of 18894
ARTI ~ Briefly glancing at the daily chart, besides several indicators now clearly beginning to trend north, some significant resistance was broken. For the first time since March, pSAR is now offering support rather than resistance. Similarly the security broke past resistance at the 200MA (0.00534). Bollinger bands are also tightening, or otherwise "pinching" in.
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Big event tomorrow: The Artfest Expo Center's grand opening will take place on May 2nd, 2009 , integrating three consecutive "Creating Wealth Through Art" seminars at 1 p.m. , 2 p.m. , and 3 p.m. , respectively. After hours entertainment will feature Dallas's hottest new musical and visual artists. The 6 p.m. to 8 p.m. show will be coordinated by Sir Earl Toon, Artfest's new musical director. RSVP at 877-278-6672 .
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i can only guess where this stock is going. up up up.
Expo center opening saturday. We will see the results of that first thing monday morning.
Framing company acqusition should be here very soon. Bringing its revenue, and marketing strategies with it...
Financials due out by end of next week at latest. If I'm remembering right. conviently, right after the acqusition. huge revenue!!!
This all happens next week IMO. Next two weeks should be full of PR. And I think .02+ is a safe possibility.
I read the valuation of the company after the framing company acqusition. Will be in the .11 range. That doesnt include a few things. .02 coming soon. And .03 to follow. They are talking multiple acqusitions in the near future. I can only expect that once the framing company paperwork is signed. A new acqusition PR will be waiting...
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Posted by: EDWARD STEVENSON Date: Sunday, May 03, 2009 9:55:48 PM In reply to: EDWARD STEVENSON who wrote msg# 18971 Post # of 18995
ARTI ~ (0.0061) ~ The Artfest Expo Center's grand opening took stage on May 2nd, 2009, as was broadcasted in an earlier release. A collage of the gallery and Managment's new residence follows (below).
Artfest International, Inc. Announces Debut of the Preeminent "Artfest Expo Center"
DALLAS, TX, Apr 24, 2009 (MARKET WIRE via COMTEX) -- Artfest International, Inc. (OTCBB: ARTI) announces new corporate office and residence in the Expo Center, located in the prestigious North Dallas design district. In collaboration with the center's proprietor and the City of Dallas, the building will be renamed the "Artfest Expo Center." "The Artfest Expo Center will host gallery events, artistic shows, and a gathering center for retail in the central Texas region," explained Edward Vakser, CEO. "The inspiration in this center is to provide a prominent setting for designers and collectors of fine art and memorabilia. Our goal is to bring our projects and artists together with consumers."
Statistics confirm the Expo Center to be situated in one of the most preeminent retail and design demographic areas. The Expo Center generated an average of $700 per square foot as a Gabbert's furniture showplace, amassing over 100,000 square feet of potential. "In the retail industry, traffic is a vital study, as the idea is to locate where masses of potential consumers reside," elaborates Angie Tassan, CMO. "Revenue per square footage is a calculation used to determine the profitability and prospect of a particular area of interest."
The Artfest Expo Center's grand opening will take place on May 2nd, 2009, integrating three consecutive "Creating Wealth Through Art" seminars at 1 p.m., 2 p.m., and 3 p.m., respectively. After hours entertainment will feature Dallas's hottest new musical and visual artists. The 6 p.m. to 8 p.m. show will be coordinated by Sir Earl Toon, Artfest's new musical director. RSVP at 877-278-6672 .
Joining the Artfest Expo Center will be Charity Sports Distributor, Inc. (CSD), who will feature its memorabilia and sports collectibles. A virtual tour of the facility will be available on Artfest's corporate website shortly: www.artfestinternational.com
***Please note that these photos were taken before the grand opening took place, and more precisely during the move.
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I fully expect the acqusition PR this week. Just in time for the charts to hit the perfect storm (from what I gather from the chart guys). Followed up by very profitable financials, and projections.
Maybe all this week??? I dont know. But I know the financials are due very soon. And the acqusition PR has been anticipated for quite a while now. Speculation is that they were waiting for the expo center opening, and the momentum to start...
Guess what! Momentum started. Expo opened saturday. PR and Financials going to put this over the top!!! Soon... Hope it waits til tuesday when my money clears. That would be sweet. Got a couple other plays if this one pops before i can get in. But I have been watching closly for a while now. And I feel the time is now to catch the big wave.
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