SOURCE: Artfest International, Inc.

December 28, 2009 10:09 ET

Artfest International, Inc. Hosts Its Annual Shareholders' Meeting Today

DALLAS, TX--(Marketwire - December 28, 2009) - Artfest International, Inc. (OTCBB: ARTS) is pleased to announce that the Company will be holding its annual shareholders' meeting today, December 28, 2009, at 10:00 am CST. The meeting will be held at the Company's 52,000 square foot Artfest Expo Center in Dallas, Texas. After the official business of the annual meeting, Artfest will host a "Creating Wealth Through Art and Sports" seminar and cocktail reception from 5:00 pm to 7:00 pm, followed by a special dinner for shareholders at 8:00 pm.

"2009 has been a landmark year in which we have built a solid foundation that will support our financial goals of aggressive revenue growth, asset growth, and cash flows in 2010 as we venture into positive earnings territory in the coming quarters and years," stated Artfest CEO Edward Vakser.

About Artfest International, Inc.

Artfest International, Inc. is a publicly traded Company under the stock symbol "ARTS." Artfest brings together artists, investors, decorators, designers, private collectors and art galleries. Artfest International's corporate site is Artfest's subsidiaries are Art Channel, Inc., and Art Channel Galleries, Inc., 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.

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