SOURCE: Artfest International, Inc.

June 23, 2010 07:30 ET

Artfest International, Inc. Announces Significant Short-Term Growth Objectives

Company Outlines Key Growth Initiatives in "Letter to Shareholders"

DALLAS, TX--(Marketwire - June 23, 2010) -  Artfest International, Inc. (OTCBB: ARTS) announced today a set of significant short-term goals, including key growth initiatives for the Company, in a "Letter to Shareholders." The report is a direct communication from Artfest's CEO, Edward Vakser, offering an overview of all of the accomplishments that Artfest International achieved in the past six months as well as the Company's goals for the remainder of 2010.

The "Letter to Shareholders," now available online only at www.artfestinternational.com, provides a snapshot of the Company's activities through its various affiliates; MyArtfest.com, Charity Sports Distributor, Inc., Art Channel, Inc., and Artfest Direct. Details include the Company's development of the Art Channel "On-Demand" program through its distribution agreement with Time Warner Cable, the launch of a marketing campaign targeting the Hispanic Market and updates on the equity financing Artfest has received since 2009.

For more details on Artfest International and to read the Company's "Letter to Shareholders" please visit: www.artfestinternational.com

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 Artfest Direct, Inc. (www.Artfestdirect.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

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    (407) 389-5900