SOURCE: Artfest International, Inc.

February 25, 2009 10:18 ET

Artfest International, Inc. Announces the Launch of Artfest News Magazine and Sports Memorabilia Package

DALLAS, TX--(Marketwire - February 25, 2009) - Artfest International Inc. (OTCBB: ARTI) announces the launch of Artfest Art News Magazine. Artfest News Magazine has begun the launch of its artistic content that is being distributed by Art Channel Galleries, the marketing arm and wholly owned subsidiary of Artfest International, Inc. During the First Quarter 2009 Artfest International, Inc. has developed numerous promotions and special purchase packages to introduce a select number of acclaimed artists and memorabilia collections to our members at substantially reduced prices for our members during these difficult economic times. In addition to revenues from art content sales the company's wholly owned subsidiary, Art Channel, Inc. has signed several contracts to produce new programming content for our clients and the new framing and memorabilia content will allow Artfest to offer a very unique product and content.

Edward Vakser, CEO of Artfest International, Inc., is projecting great revenues generated by the exposure of the new Artfest News Magazine and the latest acquisition of the memorabilia company and its content. "The fact that we now have NFL, MLD, NHL and NBA contracts, as well as all the college teams, give Artfest just the right content to create a new business opportunity to its members and stockholders."

"We believe that the addition of Artfest News Magazine, featuring world renowned artists, athletes, and all the major sports franchises, as well as special promotions and curator art specials that we are promoting this Quarter, will succeed in expanding and enhancing our current product offerings which will expand our current audience and increase our revenues," stated Artfest CEO, Edward Vakser. "Furthermore we believe the foundation has been put in place to prepare Artfest for a successful and profitable 2009 which will result in increased value to our shareholders and members worldwide."

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.

Contact Information

  • 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