Contact Information: Corporate Contact: Artfest International Inc., Shirley A Casavant 15851 Dallas Parkway, Suite 600 Addison, TX 75001 877-278-6672 marketing@artfestinternational.com Investor Relations: Stasi Turrell 214-556-5915 Artfest@redriveradvisors.com
Artfest International, Inc. Launches Global Social Art Network Rivaling MySpace and YouTube
| Source: Artfest International, Inc.
DALLAS, TX--(Marketwire - September 16, 2008) - Artfest International, Inc. (OTCBB : ARTI )
announced today the launch of its proprietary global social network
www.MyArtfest.com. In its ongoing effort to develop multiple avenues that
bring artists and art enthusiasts together, Artfest has now launched the
world's first web-based social network dedicated to art in all its forms.
MyArtfest will allow independent artists from all over the world to
directly present their creations to art enthusiasts. The art community now
has a unique venue to both exchange ideas and to buy and sell works of art
and associated services. Unlike other social networks, MyArtfest is
focused solely on the global art community. Artfest International expects
to generate revenues with MyArtfest through the sale of advertising and
marketing space and the collection of fees on art sold through the site.
The Company also maintains other lines of business including The ArtChannel
and ArtChannel Galleries.
Artfest CEO Edward Vakser stated, "We are excited to launch our social
network for artists and art lovers. Our platform is one of the most
distinctive pieces of our business. It truly is a huge leap forward in our
efforts to re-create the way people view, buy and sell art. MyArtfest is a
truly global art community that not only provides links to information, but
more importantly, links between people. All things creative will now be
available worldwide through the MyArtfest community."
How to Get Started
MyArtfest is easy to use and membership is free. To get started, visit
www.MyArtfest.com and create a profile. Next, simply invite friends and
customers to join your network. The only cost to users is when a creation
is sold. Similar to Ebay, a small seller's fee will be applied to all
sales transactions.
MyArtfest: Robust and Scalable, Similar to MySpace, Facebook and YouTube
MyArtfest uses Web 2.0 technology and is built on the same "blue dragon"
platform as other well-known social networks, such as MySpace, Facebook and
YouTube. MyArtfest supports both still images and video and has been
developed to scale easily to support global growth of the network.
More about Artfest International, Inc.
Artfest International was founded in 2002 and began publicly trading this
year. The company was created as a venue for artists, art enthusiasts and
investors to buy and sell all forms of art.
Mr. Vakser added, "The launching of MyArtfest.com should encourage everyone
to take a closer look at our company. As we expand, we will continue to
update our community with company developments."
To learn more about Artfest and to be added to the Company's email database
to receive updates, please call 214-556-5915 or email
artfest@redriveradvisors.com.
About Artfest International, Inc. (www.artfestinternational.com)
Artfest International, Inc. (OTCBB : ARTI ) connects artists, investors,
decorators, designers, private collectors and galleries and prints,
markets, and sells limited edition, signed, and numbered fine art and
collectibles. It also provides a range of multi-cultural programming,
including artist documentaries, live paintings, artist collections, artist
interviews, live concerts, and other art centric content. In addition, the
company showcases new artists, special exhibits, and celebrity events in
various markets in the United States and internationally. It serves various
industries of arts, antiques, collectibles, and luxury goods. The company
was founded in 2002 and is based in Addison, Texas. Artfest subsidiaries
are ArtChannel, Inc. www.artchanneltv.com, and Art Channel Galleries, Inc.
www.ArtChannelGalleries.com.
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.