SOURCE: Artfest International, Inc.

August 10, 2009 08:33 ET

Artfest International, Inc. Subsidiary Charity Sports Distributor Signs Agreement With Leading Technology Solutions Provider for Nonprofit Organizations

Agreement Will Increase the Company's Auction Revenues to Over $1 Million Annually

DALLAS, TX--(Marketwire - August 10, 2009) - Artfest International, Inc. (OTCBB: ARTI) is pleased to announce that the Company's wholly owned subsidiary, Charity Sports Distributor (CSD) has signed an agreement with Auctionpay, Inc. to be a mutual lead generating source for CSD's charity auction services and Auctionpay's event management software. CSD currently provides products and shipping services to over 150 charity auction events annually, and expects the alliance with Auctionpay to more than double the number of charity events managed by CSD in 2010. CSD has the most extensive product offering in the charity silent auction market place, including custom framed sports and entertainment memorabilia, etched crystal designs, human interest, home décor, jewelry, art, and "experiences packages" such as a culinary class in Paris France, Masters Golf Tournament tickets, fighter pilot for a day, or tickets to the Tonight Show.

Formed in 2002, Auctionpay has grown to offer a variety of technology solutions and services specifically designed to meet the fundraising needs of schools and nonprofit organizations. Auctionpay's clients use Auctionpay's products ranging from event management software to event registration to donation payment processing to online auctions, in order to automate and streamline their fundraising efforts so they can raise more money. Due to their clients' fundraising success, Auctionpay has been honored with various awards and recognition. They've been named one of Oregon's Fastest Growing Companies (2006) and was included in Inc. Magazine's Inc. 500 (2007). Auctionpay has also been selected as category winners at the Oregon Entrepreneurs Network's annual Entrepreneur of the Year awards for 2004, 2005 and 2007.

"Artfest is excited about the significant increase in revenue which management believes will be generated by the new events secured through CSD's alliance with Auctionpay. Most of Auctionpay's leads will be for high dollar fundraising events, so we estimate that our partnership will increase our charity fundraising auction department's annual sales volume to over $1,000,000 annually," stated Edward Vakser, CEO of Artfest International, Inc.

For more information on Auctionpay, Inc., please visit: http://www.auctionpay.com.

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

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