SOURCE: Artfest International, Inc.

November 13, 2009 08:15 ET

Artfest to Hold Annual Shareholders Meeting on December 28, 2009

CEO to Recap 2009 Milestones Including Record Revenues; Outline Strategic Plan for Revenue Ramp Up and Growing Cash Flow

DALLAS, TX--(Marketwire - November 13, 2009) - Artfest International, Inc. (OTCBB: ARTS), a leading-edge arts distribution company, announced today that it will hold its annual shareholders meeting on December 28, 2009 at its 52,000 square foot Artfest Expo Center in Dallas, Texas at 10 am CST. After the official business of the annual meeting, Artfest will host a "Creating Wealth Through Art and Sports" seminar and cocktail reception from 5pm to 7pm, followed by a special dinner for shareholders at 8pm.

2009 has been a landmark year for Artfest marked by significant milestones in the company's development including:

1)  Achieving record revenues of $505,900 in the first half of 2009 alone;
2)  Acquiring Charity Sports Distributors, which had annual revenues of
    $3,300,000 in 2008;
3)  Acquiring Luxor International, valued at an estimated $10,000,000 for
    $5,000,000 in cash and stock;
4)  Developing proprietary RFID technology with the goal of establishing
    the 'gold standard' in authentication for the art market;
5)  Securing licensing rights to Rhubert, a character adopted as the
    Ambassador of Peace by The Peace Project, leading Artfest's entre
    into a major licensing franchise including a cartoon series and

"2009 has been a landmark year in which we've achieved a solid foundation that will support our financial goals of aggressive revenue growth, asset growth, and cash flows in 2010 as we begin to move towards getting into positive earnings territory in the coming quarters and years," stated Artfest CEO Edward Vasker.

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.

Contact Information

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