SOURCE: Artfest International, Inc.

April 15, 2010 09:43 ET

Artfest International and Artfest Direct to Film First Art Reality Show "Brave Art" Distributed by Time Warner Cable

Artfest International Shareholders of Record to Qualify for Dividend Today

DALLAS, TX--(Marketwire - April 15, 2010) -   Artfest International, Inc. (OTCBB: ARTS) is pleased to present the First Art Reality Show "Brave Art" to be distributed through Time Warner Cable. The Program will be a part of the Company's celebration of Russian Art. Artfest's full roster of artists, and new acquisitions will be made available to our distributors including Vicktor Shvaiko, Suljakov, WA Slaughter and others on May 1, 2010.

 "Braveart" will feature 8 live artists painting live in a party setting, each vying for a position on the Artfest Artist roster. Guests of the event choose the winner, and the winner is awarded with prizes and an Artfest Artist contract. Included in the weekends events are many of Artfest's premiere artists including Romanho, DArthur Wilson, the creator of Rhupert, Ginger Cook, and many others scheduled to appear. Pat Payton, Artfest's signature sports artist, unveils his tribute to the resolve, strength, and the rich history of New Orleans. 

Artfest International will distribute the program through Time Warner Cable. Artfest International's "Artfest Direct" program will be distributed to 550,000 Time Warner Cable customers. Artfest has an "On-Demand" distribution agreement with Time Warner, Inc., the second largest cable operator in the country, which will give Artfest International its base for the development of the Art Channel "On-Demand" program. Starting next month, Artfest will be showcasing its Art and Sports memorabilia, on its Time Warner Art Channel program slot. As part of the distribution agreement with Time Warner, Artfest is able to sell advertising/commercial space that is available on its Art Channel TV slot.

Time Warner Cable owns and manages cable systems connected to approximately 26 million homes in 33 states. The Company has 14.7 million customers for its video, high-speed data and residential telephone services. This includes 13.3 million basic video subscribers and more than 7 million customers who purchase at least two of the Company's primary services. Time Warner Cable operates some of the most technologically advanced and best-clustered cable systems in the country, with nearly 85 percent of the Company's customers located in five geographic regions: New York, Texas, Ohio, the Carolinas and southern California. It is the largest cable provider in the nation's two largest cities, Los Angeles and New York, and the second largest cable operator in the country.

All Artfest International Shareholders of Record as of Today, April 15, will receive 1 share of Artfest Direct valued at $10 per share for every 1000 shares they own of Artfest International (ARTS) on the record date. The Company will be conducting an offering of Artfest Direct shares at $10.00 per share and Artfest Direct will be capitalized with 10 million shares outstanding. The Company's goal is to raise $10 million for the acquisition of additional fine art and sports memorabilia which will be offered directly to the public. Artfest International will be announcing details for the complete spin off and Public Offering of Artfest Direct in the near future.

About Artfest International, Inc.

Artfest International, Inc. 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. ARTS 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.

Contact Information

  • Contact:
    Investor Relations
    Management Solutions International
    1 407-389-5900