SOURCE: Artfest International, Inc.

August 05, 2009 08:33 ET

Artfest International, Inc. Subsidiary Charity Sports Distributor Signs Agreement to Distribute Experience Packages for Non-Profit Auctions

DALLAS, TX--(Marketwire - August 5, 2009) - Artfest International, Inc. (OTCBB: ARTI) is pleased to announce that the Company's wholly owned subsidiary, Charity Sports Distributor has signed an agreement with Winspire, Inc. to distribute highly sought after and unique experience packages, such as attending major sporting or entertainment events, for charity auctions both domestically and internationally. The addition of the "experience" packages to Charity Sports Distributor's product portfolio will position the Company with the most extensive product offering in the charity auction market place. Charity Sports Distributor's premium quality products include custom framed sports and entertainment memorabilia, etched crystal designs, human interest, home décor, jewelry, art, and experience packages. Some examples of experience packages include: taking a culinary class in Paris, France, US Tennis Open tickets, Masters Golf Tournament tickets, fighter pilot for a day, or tickets to "The Tonight Show."

Winspire was established in March 2008. Winspire is focused on assisting non-profit entities by creating and providing the non-profit community with the best service and most unique auction item experiences. Winspire has worked with over 4,000 non-profit organizations in all 50 states to provide auction items that help increase net auction revenue in events big and small. Using only the best travel partners, destinations and experiences, Winspire prides itself on being able to provide unique items for any fundraising opportunity. All of Winspire's items can be used on a no risk basis meaning the non-profit organization purchases only what they actually sell at their event.

"Artfest is excited about the new fundraising revenue stream that Winspire provides to our charity auction partners. We currently partner with over 150 charities each year, and enable them to come to one company for all of their auction needs, including custom framing their donated items, which is extremely beneficial to their auction committee. Since our charity fundraising program is risk-free and provides seamless set up, tear down, and shipping services, we are consistently adding new auction events weekly," stated Edward Vakser, CEO of Artfest International, Inc.

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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 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. 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.

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